THE CONVENTION BETWEEN THE GOVERNMENT OF THE RUSSIAN FEDERATION AND THE GOVERNMENT OF THE ALGERIAN PEOPLE'S DEMOCRATIC REPUBLIC

of March 10, 2006

About avoidance of double taxation concerning taxes on the income and property

The government of the Russian Federation and the Government of the Algerian People's Democratic Republic, wishing to sign the Convention on avoidance of double taxation concerning taxes on the income and property,

agreed as follows:

Article 1 of Person to which the Convention is applied

This Convention is applied to persons who are residents of one or both Contracting states.

Article 2 Taxes to which the Convention is applied

1. This Convention is applied to the taxes on the income and property levied for benefit of the Contracting state or its regional authorities, irrespective of method of their collection.

2. All taxes levied from the total amount of the income, total cost of property or from separate elements of the income or property including taxes on the income from alienation of personal or real estate, taxes on the total amount of the salary paid by the companies and also the property increment value duties are considered as taxes on the income and property.

3. The operating taxes to which this Convention is applied, in particular, are:

a) in relation to Russia:

(i) income tax of the organizations;

(ii) income tax;

(iii) property tax of the organizations;

(iv) property tax of physical persons

(further the referred to as "Russian taxes");

b) in relation to Algeria:

(i) tax on total income;

(ii) income tax of the companies;

(iii) tax on professional activity;

(iv) property tax;

(v) payments and tax on results of activities for investigation, search, development and transportation through pipelines of hydrocarbons and corresponding additional charges

(further the referred to as "Algerian taxes").

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