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Russia, Armenia Sign Value Added Tax Accord

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  • Russia, Armenia Sign Value Added Tax Accord

    RUSSIA, ARMENIA SIGN VALUE ADDED TAX ACCORD

    ITAR-TASS News Agency
    September 25, 2007 Tuesday

    Russia and Armenia have signed an agreement on a zero rate of the
    value added tax in bilateral trade.

    The document was signed after interstate talks in Moscow on Tuesday.

    Russian Prime Minister Viktor Zubkov said the agreement had extended
    a previous accord.

    "This agreement provides the right to trustfully do business, and
    this will benefit qualitative budget revenues," Zubkov said.

    Also, changes have been added to earlier signed accords between Russia
    and Armenia on the stationing of a Russian military base in Armenia and
    on the procedure of land allocation for it, PRIME-TASS said on Tuesday.
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