Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 26.09.2012

Decision of the Government of the Russian Federation No. 954 of September 22, 2012 on the Endorsement of the Rates of Export Customs Duties for Raw Oil and Individual Categories of Goods of Oil Exported Outside the Territory of the Russian Federation and the Territories of the Member- States of the Customs Union Agreements

Increases the above rates from October 1.

Decision of the Government of the Russian Federation No. 952 of September 20, 2012 on the Amendments to the Targeted Federal Program "Social and Economic Development of the Kuril Islands (Sakhalin Province) for the Years 2007-2015"

Refines the program target figures.

Order of the Ministry of the Antimonopoly Service No. 490 of July 20, 2012 on the Endorsement of the Administrative Regulation of the Federal Antimonopoly Service on the Execution of the State Function of Control of Actions Involving or Pertaining to Subjects of Natural Monopolies That May Result in Derogation of Interests of Consumers of Goods Subject to Regulation or Blocking of Economically Justified Transfer of the Appropriate Commodity Market from Natural Monopoly to Competition

Specifies the above procedure.

Letter of the Federal Tax Service No. YeD-4-3/15572@ of September 19, 2012 on the Observance of the Terms of Subitem 3 of Item 3 of Article 25.2 of the Tax Code of the Russian Federation by Participants of a Consolidated Group of Taxpayers

Net assets of organisation participating in a contract of creation of a consolidated group of taxpayers must be higher than its registered (shared) capital.

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