The agreement between the Cabinet of Ministers of Ukraine and the Government of the Republic of Belarus on the principles of collection of indirect taxes during the exporting and commodity import (works, services)

of December 11, 1998

Cabinet of Ministers of Ukraine and Government of the Republic of Belarus, further "Contracting parties",

aiming at development of trade and economic cooperation, establishment of equal opportunities for business entities and to creation of conditions for fair competition,

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

agreed about the following:

Article 1 General determinations

For the purposes of this Agreement:

a) the term "indirect taxes" determines the value added tax and excises (the excise tax or the excise duty);

b) the term "zero rate" determines taxation on value added by rate zero percent (full relief from the tax discharge on value added) that is provided by the tax legislation of Contracting Parties;

c) the term "tax exemption" - release from the taxation in case of sales of goods and performance of works, at the same time the last seller does not acquire the right to offsetting or compensation of the value added tax, before paid;

d) the term "principle of the country of destination" - not taxation excises and application of zero rate (that is equivalent to full relief from the value added tax) when exporting from customs area of one Party and the taxation indirect taxes when importing on effective rate which is established by the national legal system of the second Party (in the Republic of Belarus financial services are assessed with tax the value added tax only when exporting);

e) the term determines "competent authorities"

from the Belarusian side - the Ministry of Finance of the Republic of Belarus, the State Customs Committee of the Republic of Belarus, the State Tax Committee of the Republic of Belarus;

from the Ukrainian side - the Ministry of Finance of Ukraine, State Tax Administration of Ukraine, the State Customs Service of Ukraine.

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