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of <h1>Article 8: Taxation on Profits from International Shipping and Air Transport Explained in OECD and UN Models</h1> Article 8 of both the OECD and UN Model Tax Conventions addresses taxation on profits from international shipping and air transport. According to the OECD Model, profits from such operations by an enterprise of a Contracting State are taxable only in that State. The UN Model offers two alternatives: Alternative A mirrors the OECD's provision, while Alternative B allows taxation in another State if shipping activities are more than casual, with profits allocated appropriately and subject to a negotiated tax reduction. Indian Income Tax Act provisions, specifically Sections 44B and 44BBA, address similar taxation rules for non-resident shipping and aircraft operations.
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