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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Airline Profits Taxable Only Where Effective Management Exists; Interest on Operations Excluded from Article 12.</h1> Profits earned by an enterprise of one Contracting State from operating aircraft in international traffic are taxable only in the state where the enterprise's effective management is located. This rule extends to profits from participating in pooled services, joint operations, or international agencies. Interest on funds directly linked to aircraft operations is considered income from such operations, and Article 12 does not apply to this interest. These provisions are part of the Double Tax Avoidance Agreement between the concerned states, effective until March 31, 2012, concerning air transport taxation.
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