On the ratification of the Agreement between the Government of the Republic of Kazakhstan and the Government of Georgia on the principles of levying indirect taxes on the Export and Import of Goods (works, services)

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On the ratification of the Agreement between the Government of the Republic of Kazakhstan and the Government of Georgia on the principles of levying indirect taxes on the Export and Import of Goods (works, services)

Law of the Republic of Kazakhstan dated June 24, 1999 No. 400

To ratify the Agreement between the Government of the Republic of Kazakhstan and the Government of Georgia on the principles of levying indirect taxes on the Export and Import of Goods (works, services), concluded in Almaty on November 11, 1997.

President of the Republic of Kazakhstan

Agreement between the Government of the Republic of Kazakhstan and the Government of Georgia on the principles of levying indirect taxes on the export and import of goods (works, services)

(Entered into force on June 5, 2000 - Bulletin of International Treaties of the Republic of Kazakhstan, 2001, No. 5, art. 45)

The Government of the Republic of Kazakhstan and the Government of Georgia, hereinafter referred to as the Parties, striving to develop trade and economic relations, create equal opportunities for business entities and establish conditions for fair competition, guided by the norms and rules of international trade, have agreed as follows:

 Article 1 General definitions For the purposes of this Agreement: a) the term "indirect taxes" means value-added tax and excise duty (excise tax or fee); b) the term "zero rate" means the imposition of value-added tax at a rate of zero percent, which is equivalent to full exemption from value-added tax; (c) The term "destination principle" means the application of a zero rate on exports from the customs territory of one Party and taxation on imports at the current rate established by the national legislation of the other Party; (d) The term "competent authorities" means, on the Kazakh side, the Ministry of Finance of the Republic of Kazakhstan, and, on the Georgian side, the Ministry of Finance of Georgia.  

Article 2 The principle of tax collection during export The Parties will not impose indirect taxes on goods (works, services) exported from the territory of one Party to the territory of the other Party.  

Article 3 1. Goods (works, services) imported into the territory of one of the Parties and exported from the territory of the other Party are subject to indirect taxes in the importing country in accordance with its legislation. Taxation will be carried out by the customs authorities when goods are imported into the customs territory of the Parties. 2. When imposing taxes on imports of goods (works, services) exported from the territory of the other Party, the Parties will apply the same tax rates, benefits and calculation procedures as those established for similar goods (works, services) produced (sold) on their domestic market.  

Article 4 Resolution of disputes All disputes and disagreements between the Parties regarding the interpretation and application of the provisions of this Agreement will be resolved through consultations and negotiations by the competent authorities of the Parties.  

Article 5 Final provision 1. This Agreement shall enter into force from the date of notification by the Parties of the completion of all necessary domestic procedures. 2. This Agreement will apply only to goods (works, services) supplied after its entry into force. 3. Each Party may terminate this Agreement by sending a written notification to the other Party no later than six months prior to withdrawal, having settled financial and other obligations that arose during the validity of the Agreement. 4. The Parties will, if necessary, hold consultations to assess the progress of the implementation of this Agreement and the expediency of making additions and amendments to it. The terms of such consultations are additionally determined by the Parties.

Done in Almaty on November 11, 1997, in two original copies, each in the Kazakh, Georgian and Russian languages, all texts being equally authentic.

For the purposes of interpreting the provisions of this Agreement, a test in Russian is used.

For the Government of the Republic of Kazakhstan and Georgia

President

Republic of Kazakhstan

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