The agreement between the Government of the Russian Federation and the Government of the Republic of Uzbekistan on the principles of collection of indirect taxes in mutual trade

of May 4, 2001

The government of the Russian Federation and the Government of the Republic of Uzbekistan which are hereinafter referred to as with the Parties agreed as follows:

Article 1 General determinations

For the purposes of this agreement the following terms are used:

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

"zero rate" - the rate of indirect taxes on goods (services) equal to zero percent that is equivalent to release from the taxation and compensation of the value added tax and excises on the material resources used in case of production and sales of goods (rendering services) and means for the taxpayer the right to offsetting of the paid taxes on account of the forthcoming payments or their compensation;

"country of destination" - the state on which customs area goods are imported for consumption;

"business entities" are taxpayers of the states of the Parties.

Article 2 Subject of the agreement

Subject of this agreement is establishment of the principle of collection of indirect taxes when implementing the foreign trade transactions between business entities of the states of the Parties.

The article 3 Principle of the Taxation in case of commodity exportation

The goods placed under customs regime of export, which are exported from customs area of the state of one Party and imported on customs area of the state of other Party are assessed with indirect taxes on zero rate according to the procedures established by the Parties. This rule does not extend to natural gas and oil, including stable gas condensate.

The article 4 Principle of the Taxation in case of commodity importation

The states of one Party imported on customs area goods which are exported from customs area of the state of other Party are assessed with indirect taxes in the country of destination according to its national legal system.

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