Windfall tax for major companies to be introduced in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 24.06.2016

Federal Constitutional Law No. 5-FKZ of June 23, 2016 extending the transitional period of legal regulation in the Crimea and Sevastopol until January 1, 2019

Federal Law of June 23, 2016 No. 180-FZ on biomedical cell-based products envisaging that biological material is to be donated on a voluntary basis free of charge, while the purchase and sale thereof are prohibited. Also prohibition extends to the creation of a human embryo and the disruption of development of a human embryo or foetus for the purposes of developing, making or using a cell-based product. The making of biomedical cell-based products is subject to licensing

Federal Law No. 182-FZ of June 23, 2016 defining the basic principles and guidelines for prevention of legal offences in Russia, in particular the forms of preventive measures

Federal Law No. 184-FZ of June 23, 2016 on ratification of the protocol between the Government of the Russian Federation and the Government of the Republic of Singapore on avoidance of double taxation and prevention of tax evasion, which inter alia makes the financial and business interaction between Russia and Singapore easier

Federal Law No. 185-FZ of June 23, 2016 on ratification of the protocol between the Russian Federation and the Republic of Kazakhstan concerning the delineation of the northern part of the Caspian Sea floor as affecting the use of sub-soil

Federal Law No. 186-FZ of June 23, 2016 regulating the status, rights and duties of Russia's ambassadors abroad and top representatives at international organisations as well as social guarantees for them

Federal Law No. 187-FZ of June 23, 2016 granting exemption from VAT for the imports and sale of certain animal husbandry products

Federal Law No. 190-FZ of June 23, 2016 modifying the Criminal Procedural Code of the Russian Federation due to the extension of use of the jury to district courts, for instance defining the categories of crime to be tried by them. For regional and similar-level courts the number of members in the jury is cut from 12 to 8.

Federal Law No. 191-FZ of June 23, 2016 simplifies the procedure for opening accounts at credit organisations, including cases when a legal entity is being formed

Federal Law of June 23, 2016 No. 193-FZ envisaging that now land plots of the Russian Housing Development Foundation are sold at the prices stated in leases. The foundation may sell land plots for various purposes, like the construction of facilities for manufacturing of building materials, the creation of industrial parks, business incubators etc., this right may be realised by leaseholders until January 1, 2018

Federal Law No. 194-FZ of June 23, 2016 relieving the insurance medical organisations engaged only in mandatory medical insurance of the duty to undergo compulsory actuarial appraisal

Order of the Ministry of Industry and Trade of the Russian Federation No. 1730 of May 27, 2016 opening free access to the documents elaborated and used in the national standards system

Letter of the Federal Tax Service No. SD-4-3/10770@ of June 17, 2016 providing the data required for computation of mining tax on crude oil for the month of May 2016

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