Windfall tax for major companies to be introduced in Russia

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31.01.2023
OPTIONS PROVIDED BY THE SERVICE ‘ONLINE ADMISSION TO THE UNIVERSITIES’ ARE EXPANDED

The RF Government has regulated the issues of online admission to universities as part of the admission campaign for the 2023/24 academic year. The process of submitting documents for online admission to a university has been simplified: certain details that previously should be finger-tipped will now be uploaded automatically. New state information systems have been additionally connected to the service "Online admission to universities". Among them are the following:
- "Physical Culture and Sports" platform, that is resource containing information on children with outstanding abilities;
- an information system in the field of volunteering activities, etc.
Achievements in these areas allow additional points for entering a university. For example, they may be obtained if the applicant has a GTO badge (Ready-for-labour-and-defence) or won the All-Russian Olympiads.

30.01.2023
ALL-RUSSIAN REVIEW TESTING FOR SCHOOLCHILDREN STARTS IN MARCH

According to the schedule approved by the Federal Service for Supervision in the Field of Education, all-Russian review testing for schoolchildren studying in institutions of general education to be held from March 1 to May 20, 2023. The specific dates for each class and school subject to be determined independently within the period established by the schedule.

27.01.2023
THE LIST OF FOREIGN CURRENCIES WHOSE OFFICIAL EXCHANGE RATES AGAINST THE ROUBLE ARE SET BY THE CENTRAL BANK OF THE RUSSIAN FEDERATION HAS BEEN EXPANDED

It is informed that starting from January 18, 2023, the Bank of Russia will set the official exchange rates of the rouble against another nine foreign currencies. These are the UAE dirham, Thai baht, Vietnamese dong, Serbian dinar, New Zealand dollar, Georgian lari, Indonesian rupiah, Egyptian pound and Qatari rial.
Thus, now the Central Bank of the Russian Federation sets the rates of 43 foreign currencies against the rouble.

26.01.2023
LARGE COMPANIES OPERATING IN THE AREA OF ENERGY, ENGINEERING OR TRADE CAN TAKE CORPORATE DECISIONS WITHOUT TAKING INTO ACCOUNT THE VOTES OF CO-OWNERS FROM UNFRIENDLY COUNTRIES

Until the end of 2023, votes belonging to persons from unfriendly countries or to persons who are appointed from among the candidates nominated by persons from unfriendly countries may not be taken into account when determining the quorum and voting results on the agenda items. The provisional decision-taking procedure applies to Russian companies that simultaneously meet the following conditions:
- the company operates in the area of energy (including electric power), mechanical engineering or trade;
- the controlling person or beneficial owner is subject to foreign sanctions or restrictions;
- persons of unfriendly countries own no more than 50% of the amount of the authorised capital of the Russian company;
- the total revenue of the Russian company for the year preceding the year the decision was taken exceeds 100 billion roubles.

25.01.2023
THE CABINET OF MINISTERS HAS REGULATED THE PROCEDURE FOR PROHIBITING AND RESTRICTING THE TRANSFER OF PERSONAL DATA ABROAD
The procedure for taking a decision to prohibit or restrict the cross-border transfer of personal data by the authorised body, as well as the procedure for informing operators of such a decision has been established. 
The decision to ban or restrict is taken by the Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications based on the submissions received. They can be sent by the Ministry of Defence, the Ministry of Foreign Affairs, the Federal Security Service of the Russian Federation or other authorities authorised by the President or the Government of the Russian Federation to ensure the protection of the economic and financial interests of the country. 
The adopted decision is sent to the authorised body that submitted the submission, as well as to the operator no later than the day following the day of its adoption, by any available method that allows confirming the fact of its receipt.
 
24.01.2023
SOME ISSUES OF NATIONALIZATION OF SAKHALIN ENERGY INVESTMENT COMPANY, LTD. HAVE BEEN CLARIFIED
Earlier, the President ruled out specifying the period for the sale of the unclaimed stock in the nationalized Sakhalin Energy Investment Company, Ltd.. The Government of Russia made the relevant changes to the rules for conducting an audit and the rules for evaluating and selling a share in the authorised capital of the limited liability company Sakhalin Energy.
 
23.01.2023
ON THE EXTENSION OF THE TRANSITIONAL PERIOD FOR A UNIFIED TECHNOLOGY FOR THE EXCHANGE OF MACHINE-READABLE POWERS OF ATTORNEY
Until September 1, 2023, the experiment on testing the unified technology for the exchange of machine-readable powers of attorney carried out by legal entities and individual entrepreneurs through its digital platform based on the distributed blockchain registry has been extended. This will allow even more participants in electronic document management to prepare for working with machine-readable powers of attorney in conjunction with a certified digital signature certificate of their representatives who are individuals. 
The exchange of machine-readable powers of attorney, issued by way of substitution, became available to participants in the unified technology of the Federal Tax Service from December 9, 2022. Blockchain technology algorithms check the chains of substitution and notify the participants of the termination of the machine-readable powers of attorney (their chains) if any of them has been cancelled.
 
20.01.2023
LIBERALISATION OF REQUIREMENTS FOR MIGRANTS FROM THE EAEU
Amendments to the Treaty on the EAEU are ratified. 
The mode of residence and work for labour migrants from the EAEU has been simplified. It provides, inter alia, for recognition of certifying documents for teachers and lawyers, as well as academic degrees and titles. A working migrant will be able to change the purpose of entry without leaving the territory of the state of employment. 
The rules on customs control and the fight against tax evasion are also clarified.
 
19.01.2023
STARTING FROM 2023, A NEW PROCEDURE FOR RECORDING INCOME, EXPENSES AND OTHER COMPREHENSIVE INCOME IN ACCOUNTING ACCOUNTS BY CREDIT INSTITUTIONS WILL BE IN FORCE
The Bank of Russia has updated the procedure for recording income, expenses and other comprehensive income in accounting accounts by credit institutions. This is due, among other things, to the fact that the Statement of Financial Results is included in the Appendix to the Chart of Accounts for Credit Institutions. 
The Regulations entered into force on January 1, 2023.
 
18.01.2023
FROM 2023, THE BASIC INFORMATION ON COMPANY’S ACTIVITIES TO BE FORMED IN A NEW WAY
Rosstat has updated the procedure for filling in the statistical report No. 1-enterprise “Basic information on company’s activities”. 
The Order entered into force on January 1, 2023.
 
17.01.2023
MARKING ONLINE ADVERTISING: THE REQUIREMENTS FOR THE ADVERTISING IDENTIFIER, THE PROCEDURE AND TERMS FOR ITS ASSIGNMENT AND PLACEMENT HAVE COME INTO FORCE
On September 1, a new article appeared in the Law on Advertising, which establishes the procedure for placing advertising on the Internet in order to ensure its traceability. The provisions of this article, among other things, stipulate that the distribution of advertising on the Internet hall be allowed only if the operator of the advertising data assigns an advertising identifier to the corresponding advertisement - a unique digital designation designed to ensure the traceability of advertising distributed on the Internet and to record information about such advertising.
On the eve of the New Year holidays, the Ministry of Justice registered the Order of the Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications, which approved the requirements for an advertising identifier, its content, the procedure and terms for its assignment, placement when advertising is distributed on the Internet, storage and submission to the department. The Order entered into force on January 9, 2023.
 
16.01.2023
AMENDMENTS TO THE CODE OF ADMINISTRATIVE OFFENCES CAME INTO FORCE, PROVIDING FOR THE POSSIBILITY OF AUTOMATICALLY FIXING THE FACT OF ILLEGAL UNLOADING OF GARBAGE FROM VEHICLES
These amendments are the part of global changes to be made into the Code of Administrative Offences of the Russian Federation, adopted last summer. These amendments to the Code introduced special provisions that provide for strengthened administrative responsibility for unloading or dumping waste from motor vehicles and trailers outside specially designated areas. 
Moreover, this law secured the possibility of fixing such offences with the use of technical means operating in automatic mode. The corresponding provisions were adopted with the extended deadline and began to apply from January 11, 2022.
 
13.01.2023
NEW POWERS IN THE FIELD OF CIRCULATION OF MEDICINES AND MEDICAL DEVICES ARE GRANTED TO THE GOVERNMENT
In 2023, the Government of the Russian Federation will be entitled to establish the specifics of circulation of medicines for medical use and medical devices. 
This measure is envisaged as part of the anti-sanction regulation of the Russian economy. 
 
12.01.2023
IT IS PLANNED TO ADJUST THE LEGISLATION ON FOREIGN INVESTING INTO STRATEGIC ECONOMIC ENTITIES
On December 21, 2022, the State Duma adopted in the second and third readings amendments to the Laws on Foreign Investments in Strategic Economic Companies in the Field of Defence and Security, on Fisheries, Transport Security, Licensing and also amendments to the Air Code. 
Licensing of strategic activities to be settled for organisations that started their activities after the establishment of foreign investors control. 
Moreover, for companies that are controllable by foreign investors, mandatory preliminary approval of transactions will be introduced with respect to granting rights to harvest certain types of biological resources within the boundaries of the fishery basin in the form of allowable catch volumes (as by quotas types).
 
11.01.2023
AUCTION RULES ARE UPDATED FOR ACQUIRING THE RIGHT TO CONCLUDE A WATER USE AGREEMENT
The Government has established new rules for drawing up and concluding a water use agreement, the right to conclude which is acquired through an auction, as well as the rules for holding such auctions. 
Applications for granting the water area of a water body for use may be submitted through the federal public services web-portal or through a regional web-portal for providing state and municipal services, as well as using departmental information systems.
 
10.01.2023
REGISTRATION OF DECLARATIONS OF PRODUCT CONFORMITY WITH THE TECHNICAL REGULATIONS OF THE EAEU BECOMES FASTER
Declarations and the necessary documents can be submitted to an authorised certification body, including on paper, directly or by courier service. 
The term for registering a declaration has been reduced from 5 to 3 business days.
 
09.01.2023
AN EXPERIMENT WITH DIGITAL MEDICAL MONITORING OF PATIENTS WITH DIABETES OR HYPERTENSION HAS BEGUN IN A NUMBER OF REGIONS
The Government of the Russian Federation has allowed regions to introduce digital remote monitoring of adult patients with both types of diabetes or arterial hypertension: patients will be provided with medical devices that transmit to physicians information on the patient's condition (blood pressure, heart rate, glycaemia); and this information will be processed in the medical decision support system (naturally, using AI technologies, neural networks and other innovations). 
For this purpose, the so-called experimental legal regime has been established in 6 regions (Tatarstan, Samara, Tyumen, Magadan, Novosibirsk and Ryazan regions). 
To ensure such remote monitoring of patients in the Russian Federation, the Personal Medical Assistants information platform has been launched, which will receive, process and store data obtained from patients, as well as transmit the data to specialised information systems.
 

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