Taxation of international transport profits confined to the enterprise's state, including incidental container income and related interest. Profits from operating ships or aircraft in international traffic are taxable only in the enterprise's Contracting State; this includes incidental income ... Summary
Taxation of international transport profits confined to the enterprise's state, including incidental container income and related interest.
Profits from operating ships or aircraft in international traffic are taxable only in the enterprise's Contracting State; this includes incidental income from containers and interest on bank accounts (excluding term deposits) directly connected with those operations. The exclusive taxing right extends to profits from participation in pools, joint businesses and international operating agencies.
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