The agreement between the Government of the Republic of Uzbekistan and the Government of the Azerbaijan Republic on avoidance of double taxation of the income and prevention of tax avoidance on the income (profit) and on property

of May 27, 1996

The government of the Republic of Uzbekistan and the Government of the Azerbaijan Republic, wishing to sign the Agreement on avoidance of double taxation and prevention of tax avoidance on the income (profit) and property, and also for the purpose of development and strengthening of economic cooperation between two countries,

agreed as follows:

Article 1. Scope

This agreement is applied to persons who are residents of one or both Contracting States.

Article 2. Taxes to which the Convention extends

1. This agreement extends to the taxes on the income (profit) and on property levied by Contracting States irrespective of method of their collection.

2. All taxes levied from total income or from part of the income including taxes on the income from alienation of personal or real estate and taxes on the total amounts of the salary or remunerations paid by the companies belong to taxes on the income (profit) and on property.

3. The existing taxes to which this agreement extends are, in particular:

a) in relation to the Republic of Uzbekistan:

(i) tax on the income (profit) of the companies, associations and organizations;

(ii) the income tax from citizens of the Republic of Uzbekistan, foreign citizens and stateless persons; and

(iii) property tax; (further referred to as as "taxes of Uzbekistan");

b) in relation to the Azerbaijan Republic:

(i) income tax and separate income types of legal entities;

(ii) the income tax from physical persons;

(iii) property tax; (further referred to as as "taxes of Azerbaijan").

4. This agreement will be applied also to any in essence to similar taxes which will be levied by any of Contracting States after signature date of this agreement in amendment or instead of the existing taxes. Competent authorities of Contracting States will notify each other on essential changes in their tax legislations.

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