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of <h1>International Shipping Profits Taxed Where Management Resides; India-Poland Agreement Offers 50% Tax Reduction on Some Operations.</h1> Profits from international shipping operations are taxable only in the state where the enterprise's effective management is located. If management is aboard a ship, it is deemed to be in the state of the ship's home harbor or the operator's residence. These rules apply to profits from pools, joint businesses, or international agencies. However, under a specific agreement between India and Poland, income from shipping operations between ports of one state and third countries may be taxed in the other state, with a 50% tax reduction.
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