Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Profits from International Shipping or Aircraft Operations Taxable Only in Home State, Per Relevant Tax Rules.</h1> Profits from the operation of ships or aircraft in international traffic by an enterprise of a Contracting State are taxable only in that State. If a shipping enterprise's management is on a ship, it is considered located in the State of the ship's home harbour or the operator's residence State. Profits from container use in international traffic by a resident enterprise are taxable only in that State unless used solely within the other State. Interest on investments tied to ship or aircraft operations is treated as operational profits, exempting Article 11. These rules also apply to profits from participation in pools, joint businesses, or international agencies.
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