Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>International Air Traffic Profits Tax-Exempt in Other States; Sales Gains Taxable Only in Home State</h1> Profits from the operation of aircraft in international traffic by an enterprise from one Contracting State are exempt from taxation in the other Contracting State. This exemption also applies to enterprises participating in air transport pools. The term 'operation of aircraft' includes the transportation of people, livestock, goods, or mail by aircraft owners, lessees, or charterers, and related activities. Gains from the sale of aircraft owned and operated by an enterprise are taxable only in the enterprise's home state.