The agreement between the Government of the Kyrgyz Republic and the Government of the Republic of Uzbekistan on the principles of collection of indirect taxes during the exporting and commodity import (works, services)

of September 20, 1997

The government of the Kyrgyz Republic and the Government of the Republic of Uzbekistan, the hereinafter referred to as Contracting Parties,

aiming at development of trade and economic cooperation between the Kyrgyz Republic and the Republic of Uzbekistan on the basis of equality and mutual advantage,

being guided by the commonly accepted regulations and rules of international trade,

agreed as follows:

Article 1 General determinations

For the purpose of this agreement:

a) the term "indirect taxes" - means the value added tax and the excise tax;

b) the term "zero rate" - means taxation on value added at the rate zero percent, according to the tax legislation of Contracting Parties;

c) the term "competent authority" - means the Ministries of Finance of Contracting Parties.

The article 2 Principle of Collection when exporting

1. One Contracting Party will not assess with indirect taxes the goods (works, services) exported to other Contracting Party.

2. The rule of Item 1 of this Article, concerning the value added tax, means application of zero rate.

The article 3 Principle of Collection when importing

1. The goods (works, service) imported on the territory of one Contracting Party which are exported from the territory of other Contracting Party are assessed with indirect taxes in the country of the importer according to its legislation. Taxation by indirect taxes is performed by customs authorities in case of commodity import on customs area of the Contracting Party - the importer.

2. In case of commodity import taxation (works, services) exported from the territory of other Contracting Party, Contracting Parties will apply the rates of taxes established by the legislation of Contracting Parties.

3. The value added tax on imported goods is levied from customs value of goods, without deduction of the excise tax and customs duties.

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