Special provision for computing shipping profits now excludes cruise ships from the non-resident computation regime. Amendment creates an explicit exclusion for cruise vessels from the non-resident shipping income computation rule, revises the marginal heading to ... Summary
Special provision for computing shipping profits now excludes cruise ships from the non-resident computation regime.
Amendment creates an explicit exclusion for cruise vessels from the non-resident shipping income computation rule, revises the marginal heading to identify the rule as a special provision applicable to shipping businesses other than cruise shipping, and inserts operative text excluding cruise ships referred to in the separate cruise-ship provision.
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