The agreement between the Government of the Republic of Kazakhstan and the Government of the Republic of Belarus on the principles of collection of indirect taxes during the exporting and commodity import (works)

of February 2, 1999

The government of the Republic of Kazakhstan and the Government of the Republic of Belarus which are hereinafter referred to as with the Parties, aiming at further deepening of integration into the fields of economy, creation of equal opportunities for business entities and to establishment of conditions for fair competition, being guided by the commonly accepted regulations and rules of international trade, agreed as follows:

Article 1

The terms used in the Agreement mean:

indirect taxes - the value added tax and excises (the excise tax or the excise duty);

goods - any property (including all types of energy), intangible assets, and also vehicles, except for any means used for international carriages of passengers and goods including containers and other transport equipment;

export - commodity exportation from customs areas of the Parties without obligation about the return import, implementation of works on customs area of the Party;

import - commodity importation on customs area of the Parties without obligation about the return export, implementation of works on customs area of the Party;

the principle of the country of destination - not taxation by excises and application of zero rate in case of taxation on value added when exporting from customs area of one Party and taxation by indirect taxes when importing on the effective rate established by the national legal system of other Party;

the zero rate - means taxation on value added at the rate zero percent that is equivalent to full relief from the value added tax;

competent authorities - from the Kazakhstan side - the Ministry of Finance, the Ministry of state revenues, from the Belarusian side the Ministry of Finance, the State Customs Committee, the State Tax Committee.

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