Windfall tax for major companies to be introduced in Russia

Garant Free Online Demo

Legal information system for your company.
Simply click on the button Start working and the system Legislation of Russia in English will be available for unlimited time.

Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 28.02.2023

Order of the Ministry of Finance of the Russian Federation No. 198n of December 29, 2022 - approval of the procedure for accounting by the Federal Treasury of revenues to the budgetary system of the Russian Federation and their distribution between the budgets of the budgetary system of the Russian Federation

Information of the Federal Service for the Alcohol Market Regulation, dated January 30, 2023 "To the attention of participants in the alcohol market!": clarification is updated concerning transportation of ethyl alcohol produced in the EAEU and bulk alcohol-containing products, with ethyl alcohol content of more than 25%, across Russia.

Decision of the Government of the Russian Federation No. 118 of January 28, 2023 - measures to implement Decree of the President of the Russian Federation No. 961 of December 27, 2022: since certain hostile countries introduced a "price cap" for Russian oil and oil products, the RF President imposed a ban on the supply of Russian oil and oil products to foreign persons or foreign entities if the contract for such supplies involves the use of a price cap mechanism. The overnment has determined the procedure for implementation of this ban.

Order of the Federal Tax Service No. ED-7-11/1264@ of December 27, 2022 - amendments to Annexes to Order of the Federal Tax Service No. ED-7-11/755@ of August 17, 2021: the Federal Tax Service has updated the application form for confirmation of the right to social deductions with respect to personal income tax.

Resolution of the Board of the Eurasian Economic Commission No. 13 of January 31, 2023 - establishment of the rate of import customs duty of the Common Customs Tariff of the Eurasian Economic Union with respect to embossing foil

Information statement of the Federal Service for the Alcohol Market Regulation, dated January 31, 2023 - for organisations that are members of the Unified State Automated Information System and carry out activities in the retail sale of beer and beer-based beverages

Letter of the Federal Tax Service No. BS-4-21/977@ of January 30, 2023 - review of legal positions of the Supreme Court of the Russian Federation and the Constitutional Court of the Russian Federation on property taxation (for the IV quarter of 2022)

Order of the Ministry of Finance of the Russian Federation No. 198n of December 29, 2022 - approval of the procedure for accounting by the Federal Treasury of revenues to the budget system of the Russian Federation and their distribution among the budgets of the budgetary system of the Russian Federation

Direction of the Bank of Russia No. 6267-U of September 27, 2022 - forms, procedure and terms for compiling and submitting reports by credit history bureaus to the Bank of Russia

Information statement of the Ministry of Economic Development of the Russian Federation, dated February 1, 2023 - on the average price of Urals oil for January 2023

Information statement of the Ministry of Economic Development of the Russian Federation, dated February 1, 2023 - on the average prices for the previous tax period for the corresponding types of hydrocarbons produced at a new offshore hydrocarbon field for the period from January 1 to January 31, 2023

Decision of the Government of the Russian Federation No. 134 of February 1, 2023 - specifics of implementation of a pilot project for prevention of occupational diseases of employees in certain types of economic activity

Order of the Federal Tax Service No. ED-7-3/1036@ of November 1, 2022 - amendments to annexes to Order of the Federal Tax Service No. ED-7-3/958@ of December 25, 2020: the form, electronic format and procedure for filling in a declaration to be filed under the simplified taxation system has been adjusted because of amendments made to the Tax Code.

Federal Law No. 8-FZ of February 6, 2023 on amending the Federal Law on State Genome Registration in the Russian Federation and certain legal acts of the Russian Federation - The list of persons subject to mandatory state genomic registration has been expanded

Federal Law No. 10-FZ of February 6, 2023 on probation in the Russian Federation - A system of resocialization of former prisoners shall be created in Russia

Federal Law No. 13-FZ of February 6, 2023 on amending certain legal acts of the Russian Federation - The rules for access to the information of the state information system for monitoring the turnover of marked goods have been changed

Federal Law No. 15-FZ of February 6, 2023 on amending Article 31 of the Federal Law on Education in the Russian Federation and Article 5 of the Federal Law on Science and State Science and Technology Policy - Scientific organisations are allowed to conduct educational activities under the specialist's degree programs

Decree of the President of the the Russian Federation No. 72 of February 6, 2023 on a special procedure for making settlements between certain resident legal entities when performing international economic activity - Exporters participating in deliveries under intergovernmental agreements are exempted from the mandatory sale of foreign exchange earnings

Decree of the President of the the Russian Federation No. 71 of February 6, 2023 on amending certain acts of the President of the the Russian Federation - The post of Commissioner of the Russian Federation at the European Court of Human Rights has been abolished

Decision of the Board of Directors of the Bank of Russia dated February 3, 2023 On temporary approaches to calculating the size of operational risk

Order of the Federal Tax Service No. ED-7-21/1284@ of December 29, 2022 On approval of the form, the procedure for filling it out and the format for submitting information about state aircraft and their owners in electronic form

Order of the Ministry of Labour and Social Protection of the Russian Federation No. 3n of January 10, 2023 on amending Order of the Ministry of Labour and Social Protection of the Russian Federation No. 777n of December 12, 2022 on allocation of quotas for the issuance of work permits and invitations to enter the Russian Federation for the purpose of carrying out labour activities for foreign citizens arriving in the Russian Federation on the basis of a visa in 2023 - This year, some regions will be able to accept more foreign workers

Resolution of the Council of the Eurasian Economic Commission No. 16 of February 7, 2023 on approval of a rate of import customs duty of the Common Customs Tariff of the Eurasian Economic Union with respect to certain types of containers - Zero import duty rate on containers will be valid until the end of 2023

Decision of the Constitutional Court of the Russian Federation No. 6-P of February 7, 2023 In the case of checking the constitutionality of subitem 1 of Item 12 of Article 61.11 of the Federal Law on Insolvency (Bankruptcy) and Item 3.1 of Article 3 of the Federal Law on Limited Liability Companies - The Constitutional Court confirmed the right of entrepreneurs to collect debts from persons who controlled the debtor

Order of the Federal Tax Service No. ED-7-14/2@ of January 9, 2023 on amending Appendices to Order of the Federal Tax Service No. ED-7-14/354R of May 28, 2020 - Forms and format of banks notification on the change of account details, deposit, corporate electronic payments to tax authorities have been changed

Order of the Ministry of Economic Development of the Russian Federation No. 34 of January 26, 2023 on the deflator coefficients to the tax rate for the extraction of minerals in the extraction of coal

Information of the Bank of Russia dated February 10, 2023 The Bank of Russia decided to keep the key rate at the level of 7.50% per annum

Order of the Ministry for Digital Development, Communications and Mass Media No. 570 of August 1, 2022 - The procedure for confirming the intended purpose of imported goods for priority investment projects in the area of information and communication in order to exempt from duty has been defined

Direction of the Bank of Russia No. 6245-U of September 21, 2022 on the content, forms, procedure and terms for compiling and submitting to the Bank of Russia reports of a self-regulatory organisation in the financial market

Decision of the Board of Directors of the Bank of Russia dated February 10, 2023 - Blocked foreign securities will be withdrawn from existing retail unit investment funds

Information Letter of the Bank of Russia and the Federal Antimonopoly Service Nos IN-03-59/10, AK/9430/23 of February 10, 2023 on disclosing the parameters of financial products on websites - The terms of rates on loans and deposits should be obvious on the websites of banks

Order of the Federal Tax Service No. ED-7-14/1267@ of December 28, 2022 - One can also send documents for state registration of legal entities or individual entrepreneurs through the application program interface

Decision of the working group of the Bank of Russia on consideration of issues of issuing permits for the implementation (execution) by residents, non-residents of operations (transactions), in respect of which, due to unfriendly actions of foreign states, prohibitions (restrictions) on their performance are established - Exemptions have been introduced for residents on contributions to the property of foreign companies

Order of the Ministry of Public Health of the Russian Federation No. 724n of November 3, 2022 on amending Order of the Ministry of Public Health of the Russian Federation No. 339n of May 19, 2022 - The commission for determination of the shortage of medicines in connection with the sanctions will work according to the revised regulations

Direction of the Bank of Russia No. 6244-U of September 21, 2022 on the content of the reporting of a credit rating agency, the form, terms and procedure for its preparation and submission to the Bank of Russia

Information of the Bank of Russia dated February 13, 2023 The Bank of Russia has been raising mandatory reserve ratios since March

Decision of the Government of the Russian Federation No. 199 of February 11, 2023 on amending Item 121 of the Regulations on payment of additional expenses for medical, social and professional rehabilitation of insured persons - The procedure for compensation of expenses for medical rehabilitation of victims at work has been clarified

Information of the Ministry of Economic Development of the Russian Federation of February 15, 2023 on the export customs duties on crude oil and certain categories of goods manufactured from oil for the period from March 1 till March 31, 2023 - Export duty on liquefied natural gas has been set to zero for March

Direction of the Bank of Russia No. 6243-U of September 21, 2022 - From April, a new reporting procedure for investment platform operators will be in effect

Information of the Bank of Russia dated February 15, 2023 The Department for Organisation of International Settlements was created at the Bank of Russia

Information of the Bank of Russia dated February 6, 2023 on the preparation of statements by insurers in connection with the decision of the Board of Directors of the Bank of Russia on Temporary Requirements for the Activities of Insurance Organisations and Mutual Insurance Companies

Direction of the Bank of Russia No. 6270-U of September 27, 2022 - From April 1, the specialized depository will submit reports under the new rules

Federal Law No. 31-FZ of February 17, 2023 on amending the Federal Law on Auditing Activity - The requirements for the independence of auditors have been tightened

Federal Law No. 29-FZ of February 17, 2023 on amending. Article 342.10 of Part Two of the Tax Code of the Russian Federation - Exemption of the mineral extraction tax has been established for the extraction of multicomponent ore at deposits in the Krasnoyarsk Territory

Federal Law No. 28-FZ of February 17, 2023 on amending Article 22 of the Federal Law on strategic planning in the Russian Federation - The forecast of scientific and technological development of the Russian Federation is now approved by the President but not the Government

Federal Law No. 24-FZ of February 17, 2023 on amending certain legal acts of the Russian Federation - Carriers must book in advance the date and time of crossing the state border of the Russian Federation

Federal Law No. 22-FZ of February 17, 2023 on amending Part Two of the Tax Code of the Russian Federation - Taxation issues have been settled within the framework of agreements on service risks and on financing management

Decision of the Government of the Russian Federation No. 240 of February 16, 2023 - on conducting an experiment on monitoring by customs authorities of information available to them and received from persons participating in such experiment, from goods accounting systems

Decision of the Government of the Russian Federation No. 218 of February 14, 2023 - amending Decision of the Government of the Russian Federation No. 1009 of August 13, 1997 and recognising certain provisions of certain acts of the Government of the Russian Federation as invalid: the procedure for drawing up and state registration of normative legal acts has been changed.

Decree of the President of the Russian Federation No. 101 of February 17, 2023 - specifics of enlisting into institutions and agencies of the penitentiary system of the Russian Federation on the territories of the Donetsk People's Republic, Lugansk People's Republic, the Zaporozhye Region and Kherson Region

Order of the President of the Russian Federation No. 44-rp of February 17, 2023 - amendments to Order of the President of the Russian Federation No. 412-rp of December 19, 2022 on Additional Measures of Social Support for Military Personnel and Members of Their Families

Information letter of the Bank of Russia No. IN-03-59/17 of February 20, 2023 - servicing bank accounts of military personnel and their families members: banks are recommended to reduce or cancel commissions for operations with respect to accounts of participants in the special military operation.

Decision of the Government of the Russian Federation No. 258 of February 18, 2023 - approval of the Rules for providing dwelling premises to citizens in need of better living conditions, affected by radiation accidents or disasters, participants in liquidation of the consequences of such accidents and persons equated to them

Decree of the President of the Russian Federation No. 111 of February 21, 2023 - recognising as invalid Decree of the President of the Russian Federation No. 605 of May 7, 2012 "On measures to implement the foreign policy of the Russian Federation": in order to ensure the national interests of the country in connection with the changes taking place in international relations, the Decree of the President on measures to implement Russia's foreign policy is declared invalid.

Decision of the Government of the Russian Federation No. 257 of February 18, 2023 - payment for vehicles' transit on public toll roads of federal significance, toll sections of such roads (including if the toll section of the highway is a separate artificial road facility) and recognition as lost force of certain acts of the Government of the Russian Federation

Decision of the Government of the Russian Federation No. 274 of February 18, 2023 - the procedure for preparing and concluding a water use agreement, amending certain acts of the Government of the Russian Federation and invalidating certain acts and certain provisions of certain acts of the Government of the Russian Federation

Decision of the Government of the Russian Federation No. 272 of February 18, 2023 - amendments to the Rules for Issuing Permits for the Remote Retail Sale of Medicinal Products for Medical Use, Trade and Delivery of Such Medicinal Products to Citizens

Direction of the Bank of Russia No. 6366-U of February 21, 2023 on the Mandatory Reserve Requirements: the Bank of Russia has decided to raise, starting from March 1, 2023, the obligatory reserve ratios

President' Message to the Federal Assembly of the Russian Federation (dated February 21, 2023): the RF President analysed the state of the Russian economy in the face of unprecedented sanction pressure and identified the main directions for the development. Among the announced initiatives are the following: to provide businesses with tax incentives when purchasing Russian high-tech equipment; to insure voluntary pension savings of citizens in the amount of up to 2.8 million roubles; supporting children and families; to increase the minimum wage up to 19,242 roubles from January 1, 2024. The President also announced Russia's suspending its participation in the Strategic Offensive Arms Treaty.

Federal Law No. 37-FZ of February 23, 2023 - amendments to the Federal Law "On Amendments to the Budgetary Code of the Russian Federation and Certain Legislative Acts of the Russian Federation, Suspending Certain Provisions of the Budgetary Code of the Russian Federation, Recognising Certain Provisions of Legislative Acts as Invalid and on the Establishment of Specifics for Execution of Budgets of the Budgetary System of the Russian Federation in 2023": a new type of budget loans is being introduced - special treasury loans (for 15 years at 3% per annum).

Federal Law No. 36-FZ of February 23, 2023 - amendments to Part Two of the Tax Code of the Russian Federation: oil and gas companies in Yamal may receive a tax credit. Amendments have been made to the Tax Code, envisaging a tax credit to companies producing hydrocarbons in Yamal through deduction of MET in the amount of 1.111 billion roubles.

Joint Information Statement of the Federal Antimonopoly Service and the Bank of Russia Nos AK/11522/23, IN-03-59/15, dated February 17, 2023 - specifics of disclosure of information on funded products: information on the savings accounts offered by the bank should disclose the full range of possible rates.

Decision of the Government of the Russian Federation No. 296 of February 22, 2023 - amendments to the Regulations on State Accreditation of Russian Organisations Operating in the Field of Information Technology: IT developers in the field of natural and technical sciences are entitled to state support.

Decision of the Government of the Russian Federation No. 292 of February 22, 2023 - approval of the Regulations on the procedure for conducting an experiment involved in retail sales of medicinal products for medical use, that are dispensed upon prescription in a remoted way

Contact Us

Leave us a message