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

of July 22, 1997

Government of Ukraine and Government of the Republic of Armenia, further "the Contractual Parties",

aiming at development of trade and economic cooperation, establishment of equal opportunities for the managing subjects and to creation of conditions for fair competition,

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

agreed about it:

Article 1 General determinations

For the purposes of this Agreement:

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

b) the term "zero rate" means taxation on value added at the rate zero percent that is provided by the procedure established by the legislation on taxes of the Contractual Parties;

c) the term means "competent authorities" from the Ukrainian Storonyministerstvo of finance of Ukraine, from the Armenian Side - the Ministry of Finance and Economy of the Republic of Armenia.

The article 2 Principle of Tax Collection when exporting

One Contractual Party will assess with the value added tax on zero rate (works, services) that are exported to other Contractual Party; export will not be assessed with excise.

The article 3 Principle of Tax Collection when importing

The goods imported to one Contractual Party (works, services) which are exported from the territory of other Contractual Party, are assessed with indirect taxes in the country of the importer according to its national legal system.

In case of taxation of the imported goods (works, services) the Contractual Parties will apply the same rates of taxes which are established for goods (works, services), the made (realized) on territories Parties.

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