Taxation of international shipping and air transport: profits from operation and related rentals taxable only in enterprise's state. Profits from operation of ships or aircraft in international traffic, including full time, voyage or bareboat rentals, are taxable only in the ... Summary
Taxation of international shipping and air transport: profits from operation and related rentals taxable only in enterprise's state.
Profits from operation of ships or aircraft in international traffic, including full time, voyage or bareboat rentals, are taxable only in the enterprise's State. Income from use, maintenance or rental of containers and related equipment is similarly taxable only in that State, except where such containers are used solely for transport within the other Contracting State. Interest directly connected with the operation of ships or aircraft is treated as operational profits and the separate interest provision does not apply.
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