https://www.taxtmi.com/acts?id=5326 Profits from operating ships in international traffic are taxable only in the State of the enterprise's place of effective management, except that a limited source-State taxing right exists where operations in that State are more than casual; that right applies to profits from carriage embarked in the source State, is capped as a fraction of sums receivable for such carriage, attracts a reduced tax rate, and is limited to an initial transitional series of fiscal years. Interest connected with ship operations is treated as shipping profits, and shipping profits include container-related income, rental (including bareboat) incidental to international traffic, and pool or joint-operation participation profits. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 12 Dec 2024 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5326 Profits from operating ships in international traffic are taxable only in the State of the enterprise's place of effective management, except that a limited source-State taxing right exists where operations in that State are more than casual; that right applies to profits from carriage embarked in the source State, is capped as a fraction of sums receivable for such carriage, attracts a reduced tax rate, and is limited to an initial transitional series of fiscal years. Interest connected with ship operations is treated as shipping profits, and shipping profits include container-related income, rental (including bareboat) incidental to international traffic, and pool or joint-operation participation profits. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5326