Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Taxation of International Shipping Profits: Exempt in Home State; Reduced Tax on Third-Country Operations.</h1> Profits from the operation or rental of ships or aircraft in international traffic by an enterprise of a Contracting State are taxable only in that State. This includes profits from renting containers and related equipment incidental to such operations. Profits from participation in pools, joint businesses, or international operating agencies are similarly treated. Interest on funds directly connected with these operations is also considered operational profit, exempting it from Article 11 provisions. However, profits from operating ships between ports of the other Contracting State and third countries may be taxed in the other State, with a two-thirds tax reduction.
TaxTMI 
TaxTMI 
