Tax treatment of non-resident cruise operators: a fixed proportion of passenger receipts deemed business income under prescribed conditions. A special computation treats a specified proportion of passenger receipts of non-resident cruise ship operators as profits chargeable under business ... Summary
Tax treatment of non-resident cruise operators: a fixed proportion of passenger receipts deemed business income under prescribed conditions.
A special computation treats a specified proportion of passenger receipts of non-resident cruise ship operators as profits chargeable under business income, notwithstanding sections 28-43A. The aggregate comprises amounts paid or payable to the assessee or on the assessee's behalf for carriage of passengers and amounts received or deemed received by or on behalf of the assessee for carriage of passengers, subject to prescribed conditions.
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