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

of October 10, 2000

The government of the Kyrgyz Republic and the Government of the Russian Federation which are hereinafter referred to as with the Parties

being guided by provisions of the Agreement on creation of the free trade area of April 15, 1994 and the Protocol on modification and amendments in the Agreement on creation of the free trade area of the April 15, 1994 signed on April 2, 1999

aiming at further deepening of economic integration, creation of equal opportunities for business entities and to establishment of conditions of fair competition,

recognizing (or in view of) the commonly accepted regulations and rules of international trade,

agreed as follows:

Article 1. General determinations

1. 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.

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