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Federal Act on drawing additional earnings to the budget adopted


Federal Act on drawing additional earnings to the budget adopted
2009-09-25 08:00

NEWS OF THE FEDERAL LEGISLATION

Federal Act on drawing additional earnings to the budget adopted

The Federal Act N 218-FZ "On amendments to particular legal acts of the Russian Federation and reco0gnition of particular provisions of legislative acts of the Russian Federation as having lost their force" of 22 September 2009 (document is in Russian) has been adopted. The Act implies centralization of earnings from the tax on extraction of natural resources in the form of carbon hydrate raw materials (except for the natural gas) in the federal budget, as well as increase of the profit of the Bank of Russia transferred to the federal budget. Besides, from 1 January 2010 until 1 February 2012 sending of earnings from management of the funds of the Reserve Fund and Fund of national welfare for formation of the respective funds shall be suspended.


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