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

of October 20, 2000

The government of the Russian Federation and the Government of the Republic of Armenia 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 of April 2, 1999 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 (the excise tax or the excise duty);

"zero rate" - rate of indirect taxes on goods (works, services), equal to zero percent that is equivalent to release from the taxation or compensation of indirect taxes, 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.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info