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 3.05.2023

Information Statement of the Ministry of Economic Development of the Russian Federation, dated April 28, 2023 - on the deflator coefficients to the tax rate for the extraction of minerals in coal mining for the II quarter of 2023

Order of the Government of the Russian Federation No. 1113-r of April 28, 2023: from May 1 to December 31, 2023, electricity transmission tariffs will be increased (by 6.3%) compared to those being in effect as of April 30, 2023

Decree of the President of the Russian Federation No. 317 of April 28, 2023 - amendments to Decree of the President of the Russian Federation No. 961 of December 27, 2022 "On Application of Special Economic Measures in the Fuel and Energy Sector in Connection with the Establishment by Certain Foreign States of the Limit Price for Russian Oil and Oil Products": the President allowed supplies of oil to friendly countries under contracts providing for a "price ceiling".

Federal Law No. 178-FZ of April 28, 2023 - amendments to certain legal acts of the Russian Federation: Russia has introduced a complete ban on the sale of vapes to minors.

Federal Law No. 177-FZ of April 28, 2023 - amendments to the Federal Law "On Environmental Protection" and the Federal Law "On Conducting an Experiment on Pollutant Emission Quotas"

Federal Law No. 176-FZ of April 28, 2023 - amendments to the Federal Law "On the Development of Small and Medium Enterprises in the Russian Federation"

Federal Law No. 175-FZ of April 28, 2023 - amendments to the Code of Administrative Offences of the Russian Federation: amendments have been made to the Code of Administrative Offences in terms of punishment for over-the-counter dispensing of drugs and for the sale of cigarettes.

Federal Law No. 173-FZ of April 28, 2023 - amendments to Chapter 21 of Part Two of the Tax Code of the Russian Federation: zero VAT rate may be applied when selling goods to foreigners from foreign warehouses.

Federal Law No. 170-FZ of April 28, 2023 - amendments to Article 19.3 of the Federal Law "On Licensing Certain Types of Activities": starting from September 1, 2024, periodic confirmation of compliance with licence requirements to be provided for licensees that are engaged in collection, transportation, processing and disposal of waste of hazard classes I-IV.

Federal Law No. 168-FZ of April 28, 2023 - amendments to the Federal Law "On State Regulation of the Production and Turnover of Ethyl Alcohol, Alcoholic Products and Alcohol-Containing Products and on Limiting the Consumption (Drinking) of Alcohol Products"

Federal Law No. 167-FZ of April 28, 2023 - amendments to Article 10 of the Federal Law "On Financial Leasing (Leasing)" and Article 7.1 of the Federal Law "On State Registration of Legal Entities and Individual Entrepreneurs"

Federal Law No. 146-FZ of April 28, 2023 - amendments to Articles 8 and 22 of the Law of the Russian Federation "On Subsoil": users of the subsoil plots should bear responsibility for protection of flora and fauna on such plots.

Federal Law No. 145-FZ of April 28, 2023 - amendments to the Fundamentals of the Legislation of the Russian Federation on Notaries: notaries are prohibited from remotely certifying a decision of the sole participant of a legal entity and issuing extracts from the register of orders to cancel powers of attorney.

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