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

of October 9, 2000

The government of the Republic of Kazakhstan 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 April 15, 1994,

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

in view of the universally recognized norms and rules of international trade,

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;

"zero rate" - means release from excises and the rate of the value added tax equal to zero percent, in case of commodity exportation (services). Application of zero rate grants the right to the taxpayer on offsetting (compensation) of the value added tax on material resources, and also on offsetting of the paid taxes on account of the forthcoming payments or their compensation:

"country of destination" - the state on which customs area commodity importation (services) is performed;

"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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