https://www.taxtmi.com/acts?id=5267 Profits from operating or chartering ships or aircraft in international traffic, and rental of containers incidental thereto, are taxable only in the Contracting State of the enterprise's place of effective management; if that place is aboard a vessel it is deemed to be in the State of the vessel's home harbour or the State of the operator's residence. Interest connected with such operations is treated as operational profits and excluded from separate interest provisions, and the exclusive taxation rule also covers pools, joint businesses and international operating agencies. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Nov 2024 12:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5267 Profits from operating or chartering ships or aircraft in international traffic, and rental of containers incidental thereto, are taxable only in the Contracting State of the enterprise's place of effective management; if that place is aboard a vessel it is deemed to be in the State of the vessel's home harbour or the State of the operator's residence. Interest connected with such operations is treated as operational profits and excluded from separate interest provisions, and the exclusive taxation rule also covers pools, joint businesses and international operating agencies. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5267