of March 13, 1992
About the agreed principles of tax policy
The governments of the State Parties of the Commonwealth of Independent States which further are referred to as with "Parties"
understanding need of carrying out the coordinated radical economic reforms, considering in this regard the increasing role of taxes in the conditions of development of full-fledged market mechanisms,
aiming to abstain from the actions causing economic damage each other
agreed as follows:
The parties shall pursue the approved tax policy on the basis of unification of the principles and rules of the taxation and to apply the single list of the main taxes infringing on interests of all states entering the Commonwealth to provide interest in investment and other forms of financial and economic activities in the territory of all State Parties of the Commonwealth of Independent States.
The parties will apply the following main taxes in the territory:
a) direct taxes:
the income tax (income) of the companies, associations, the organizations and their branches irrespective of patterns of ownership;
the income tax from physical persons;
b) indirect taxes:
value added tax;
The parties will coordinate at least following provisions of the legislation on the taxes mentioned in Article 1 of this agreement on the basis of rapprochement and unification:
a) in the field of the income tax (income) of the companies, associations, the organizations and their branches - rules of determination of subjects and the taxation objects and accounting treatment for production costs and sales of products;
b) in the field of the income tax from physical persons - the principles of determination of the leviable income and income, non-taxable;
c) in the field of the value added tax - application of single rate of tax and the unified procedure for calculation and payment of this tax.
The parties will levy excises according to the approved inventories, the sizes of rates and the unified procedure for calculation and payment of this tax. The income from excises is enlisted in budgets of the State Parties of the Commonwealth of Independent States which established them.
According to the Agreement on creation of the Commonwealth of Independent States of December 8, 1991 the Parties will provide accomplishment of the agreements with foreign states on avoidance of double taxation of the income and property which are earlier signed by USSR. Among themselves and each of the Parties signs new agreements on these questions with other states and carries out independently.
The parties agreed for the purpose of development of the mechanism of realization of the provisions containing in Articles 2, 3 and 4 this agreements to form joint groups of experts which to charge to make offers to Council of Heads of Government.
The agreement becomes effective from the moment of delivery to depositary of the third notification, confirmatory that the proper interstate procedures necessary for its entry into force are performed.
The government of the state - depositary within 10 days informs in writing on it the governments of member countries of this agreement.
It is made in the city of Moscow on March 13, 1992 in one authentic copy in Russian. The authentic copy is stored in Archive of the Government of the Republic of Belarus which will send to the states which signed this agreement, its verified copy.
For the Government of the Azerbaijan Republic
For the Government of the Russian Federation
For the Government of the Republic of Armenia
For the Government of the Republic of Tajikistan
For the Government of the Republic of Belarus
For the Government of Turkmenistan
For the Government of the Republic of Kazakhstan
For the Government of the Republic of Uzbekistan
For the Government of the Kyrgyz Republic
For the Government of Ukraine
For the Government of the Republic of Moldova
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