The certain principles relating to Taxes contain in the Contract on Sovestny Development and the Equity Section of Production on Azeri's Fields and Chirag of the Deep-water part of the Field of Gyuneshli in the Azerbaijani Sector of the Caspian Sea concluded on September 20, 1994 between the State Oil Company of Azerbaijan Republic and the Contract parties and which came into complete legal force about December 12, 1994 (Contract).
The Cabinet of Ministers of the Azerbaijan Republic published the Order number 50 of March 7, 1995 about creation of the Commission under the leadership of the Deputy Minister of Finance consisting of representatives of the Ministry of Finance, Ministry of taxes, the State Customs Committee of the Azerbaijan Republic and the State Oil Company of Azerbaijan Republic ("Commission") for establishment of the administrative rules necessary for implementation of the Contract provisions connected with taxes approved with the Contract parties.
In connection with the clauses for the taxation applicable to the right, economic stability and arbitration, for the purpose of ensuring sequential and fair control according to provisions of the Government providing specified in Appendix 6 to the Contract, in "Minutes on the Value added tax" for more detailed clearing of the existing interpretation of the Contract changes are entered, and the this Protocol about the Value added tax replaces "The protocol on the Value added tax" of April 24, 1995.
The commission and the Contract parties agreed to conclude the this Protocol of January 1, 2002 about the Value added tax ("Protocol") for establishment of these rules. In connection therewith the this Protocol determines their mutual understanding of the Contract and procedures which will be used in case of determination of the amount and administration of the VAT for goods, the works or services provided in connection with Hydrocarbon activities in the Azerbaijan Republic.
If goods, works or services will be entered for the purposes of others, than accomplishment of Hydrocarbon activities, provision of such goods, works, services will be assessed with the VAT according to the legislation of the Azerbaijan Republic.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system
If you cannot find the required document, or you do not know where to begin, go to Help section.
In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.
You also may open the section Frequently asked questions. This section provides answers to questions set by users.