AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF BELARUS AND GOVERNMENT OF TURKMENISTAN

of May 11, 2016

About tax exemption on value added of the goods imported by the Belarusian-Turkmen Trading House on the territory of Turkmenistan and the Turkmen-Belarusian Trading House on the territory of the Republic of Belarus

The government of the Republic of Belarus and the Government of Turkmenistan which are hereinafter referred to as with Contracting Parties

taking into account provisions of the Agreement between the Ministry of Trade of the Republic of Belarus and the Ministry of Trade and foreign economic relations of Turkmenistan about creation of Trading Houses in Turkmenistan and the Republic of Belarus signed in Minsk on January 25, 2010

attaching importance to further development of trade and economic cooperation for the benefit of the states,

understanding need of more effective use of capacity of two states,

agreed as follows:

Article 1

For the purpose of this agreement the following terms are used:

"Trading houses" – the trading houses created according to the Agreement between the Ministry of Trade of the Republic of Belarus and the Ministry of Trade and foreign economic relations of Turkmenistan about creation of Trading Houses in Turkmenistan and the Republic of Belarus signed in Minsk on January 25, 2010;

"goods" – the products made in the territory of the state of one Contracting Party and imported on the territory of the state of other Contracting Party, except for alcoholic products, tobacco products and other goods, liable to the excise tax (excise) according to the legislation of the Contracting Party on which territory commodity importation is performed;

"authorized bodies of Contracting Parties" –

from the Belarusian Side – the Ministry of Trade;

from the Turkmen Side – the Ministry of Trade and foreign economic relations.

In case of change in one of Contracting Parties of authorized body such Contracting Party shall notify in perhaps short terms through diplomatic channels on this change other Contracting Party.

Article 2

The goods imported by the Belarusian-Turkmen Trading House on the territory of Turkmenistan and the Turkmen-Belarusian Trading House on the territory of the Republic of Belarus are exempted from the value added tax levied during the importing and (or) their realization by these Trading Houses in the territory of Contracting Parties.

Article 3

The basis for tax exemption on value added during the importing and (or) sales of goods, stipulated in Article 2 this agreements, is:

their inclusion in the List approved by authorized bodies of Contracting Parties by signing of the separate Protocol;

availability of the certificate of origin of the Contracting Party.

The specified List shall contain data on the name of the goods and their codes according to the Commodity nomenclature of foreign economic activity applied by Contracting Parties in foreign economic activity.

Under approval between authorized bodies of Contracting Parties additions and (or) changes by execution of separate protocols between authorized bodies of Contracting Parties can be made to the List.

The list, and also amendments and (or) changes to it go authorized bodies of Contracting Parties to customs and tax authorities of the states.

Article 4

All disputes and disagreements between Contracting Parties concerning interpretation or application of provisions of this agreement will be solved by negotiations and consultations.

Article 5

In the consent of Contracting Parties changes and additions which will be drawn up by the separate Protocols which are integral part of this agreement can be made to this agreement.

Article 6

This agreement does not affect the rights and obligations of the Contracting Parties following from other international treaties which participants are Contracting Parties.

Article 7

This agreement becomes effective from the date of receipt of the last written notice through diplomatic channels of accomplishment by Contracting Parties of the interstate procedures necessary for its introduction in force.

Within 45 days from signature date of this agreement authorized bodies of Contracting Parties sign the Protocol specified in Article 3 of this agreement which is applied from the effective date this agreement.

The Agreement is terminated after six months from the date of receipt of one of Contracting Parties of the written notice of other Contracting Party of the intention to stop its action.

It is made in Minsk on May 11, 2016 in duplicate, everyone in the Russian and Turkmen languages, and both texts are equally authoritative.

In case of disagreements in interpretation of provisions of this agreement the text in Russian is used.

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