https://www.taxtmi.com/acts?id=5419 Profits from operating ships in international traffic are taxable only in the enterprise's Contracting State, including profits from participation in pools, joint businesses or international operating agencies. Interest directly connected with ship operations is treated as shipping income and not subject to Article 12. The operation of ships covers sea transportation of passengers, mail, livestock or goods by owners, lessees or charterers, sale of tickets, incidental lease of ships on behalf of others, and other activities directly connected with such transportation. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 16 Nov 2024 13:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5419 Profits from operating ships in international traffic are taxable only in the enterprise's Contracting State, including profits from participation in pools, joint businesses or international operating agencies. Interest directly connected with ship operations is treated as shipping income and not subject to Article 12. The operation of ships covers sea transportation of passengers, mail, livestock or goods by owners, lessees or charterers, sale of tickets, incidental lease of ships on behalf of others, and other activities directly connected with such transportation. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5419