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5 August 2000 The RF Law "On Enactment of Part Two of the Tax Code of
the Russian Federation and Amending Certain Tax Regulations of the Russian
Federation"
Enactment of this law marked the second phase of the tax reform in the Russian Federation: on 1 January 2001 Part Two of the Tax Code of the Russian Federation, the commentaries to which we are going to place on our site shortly, will be enacted. Enacting Part of the Tax Code of the Russian Federation will make lapse a number of laws, such as the RF Law "On Value Added Tax", the RF Law "On Excise", the RF Law "On Income Tax on Private Individuals", the RF Law "On Tax on Certain Types of Vehicles" and all by-laws related to them. All other tax laws shall remain in effect insofar as they don't contradict both parts (the first and the second) of the Tax Code of the Russian Federation.
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5 August 2000 The RF Law "On Forming the Federation Council of the Federation
Assembly of the Russian Federation"
This law is difficult to overestimate since the principles and order of formation of the upper house of the parliament regulated by law are very important for assuring the effective operation of the state in general as well as of particular areas of public activity, for example, business. This law consists of 16 articles. The key notion of the law is that the Federation Council will be formed now in the following way: two representatives from each subject of the RF, one will be elected by the legislative body of the subject of the RF, and the other will be appointed by the head of the administrative region of the RF.
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12 May 2000 The RF Law "On Amendment of Article 17 of the Federal Law
'On Licensing Certain Types of Activity'"
The basic law regulating licensing of certain types of activity on the territory of the Russian Federation was amended. From 12 May 2000 people who intend to deal or are already dealing in non-government pension plans will have to secure a license for this type of activity from a respective licensing agency.
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2 January 2000 The RF Law "On the State Land Register"
This law was enacted too late, but is still very important. It is about creating a land register in the RF - a systematic corpus of documented data acquired in the course of the state registration of land plots: on location, use and title of lands in the Russian Federation and data on territorial zones and any fixed properties or improvements located on land plots. Overall, the said Federal Law governs relations that arise in connection with the maintenance of the Public Land Cadaster and the use of any information therein contained.
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2 January 2000 The RF Law "On Amendment of the Federal Law "On Investment
Activity in the Russian Federation Carried out in the Form of Capital
Investments"
This law amends the RF Law "On Investment Activity in the RF Carried out in the Form of Capital Investments". Inter alia, such terms as a priority investment project (an investment project the total volume of capital investments in which meets the requirements of the RF legislation and included in the list to be approved by the RF Government) and payback time of the investment project (a period from the date when financing of an investment project begins to the date when the difference between the accumulated amount of net profit with capital charges and the volume of capital expenditures becomes positive). Article 15 of the Law "Guarantees of the Rights of the Participants of Investment Activity Assured by the State" was redrafted.
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2 January 2000 The RF Law "On Amendment of the First Part of the Tax
Code of the Russian Federation"
The law emends Article 102 of the first part of the Tax Code of the Russian Federation ("Tax Secrecy"). Article 102 introduces tax authorities to the circle of tax bodies authorized to have access to and use of information which is considered secret.
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