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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Shipping Profits Taxable in State of Effective Management; Limited Tax Rate for 10 Years in Other State</h1> Profits from operating ships in international traffic are taxable only in the state where the enterprise's effective management is located. However, these profits may also be taxed in the other contracting state, with limitations on the tax rate: 50% for the first five years and 25% for the next five years after the convention's entry into force. Thereafter, only the primary provision applies. Profits from participation in shipping pools or joint businesses are included. Interest related to ship operations is treated as shipping income, and profits encompass the use and rental of containers for international transport.
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