Exemption of international aircraft profits recognises tax exemption in the other Contracting State, includes pools and related interest. Profits earned by an enterprise of a Contracting State from the operation of aircraft in international traffic are exempted from tax in the other Contracting State. This exemption also applies to profits from participation in a pool, a joint business or an international operating agency. Interest on funds connected with the operation of aircraft in international traffic is regarded as profits derived from that operation and is covered by the exemption.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption of international aircraft profits recognises tax exemption in the other Contracting State, includes pools and related interest.
Profits earned by an enterprise of a Contracting State from the operation of aircraft in international traffic are exempted from tax in the other Contracting State. This exemption also applies to profits from participation in a pool, a joint business or an international operating agency. Interest on funds connected with the operation of aircraft in international traffic is regarded as profits derived from that operation and is covered by the exemption.
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