THE AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF BELARUS AND THE GOVERNMENT OF TURKMENISTAN ON THE PRINCIPLES OF COLLECTION OF INDIRECT TAXES DURING THE EXPORTING AND COMMODITY IMPORT (WORKS, SERVICES)

of May 17, 2002

The government of the Republic of Belarus and the Government of Turkmenistan which are hereinafter referred to as with the Parties

aiming at development of the mutually beneficial economic relations and deepening of economic integration, establishment of equal opportunities for business entities and to creation of conditions for fair competition,

being guided by the commonly accepted rules of international trade,

agreed as follows:

Article 1 General determinations

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

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

"zero rate" - taxation on value added at the rate zero percent that means for the taxpayer the right to offsetting or compensation from the budget of the tax amounts on value added which are earlier paid;

"goods" - any property (including all types of energy), intangible assets, and also vehicles, except for any vehicles used for international carriages of passengers and goods including containers and other transport equipment;

"work" - activities which results have material expression and can be implemented for requirements satisfaction of the organization and (or) physical persons;

"service" - activities which results have no material expression are implemented and consumed in the course of implementation of these activities, and also the right to intellectual property items;

"export" - commodity exportation (works, services) from customs areas of the states of the Parties without obligation about the return import, implementation of works, services on customs area of the state of other Party;

"import" - commodity importation (works, services) on customs areas of the states of the Parties without obligation about the return export, implementation of works, services on customs area of the states of the Parties;

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