https://www.taxtmi.com/acts?id=5450 Profits from operating ships in international traffic are taxable in the State of the enterprise, while the source State may tax those profits under its domestic law provided the tax imposed is reduced and capped so it does not exceed the lowest rate applicable to comparable profits of a resident of a third State; the rule also covers participation in a pool, joint business or international operating agency. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 27 Aug 2024 18:40:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5450 Profits from operating ships in international traffic are taxable in the State of the enterprise, while the source State may tax those profits under its domestic law provided the tax imposed is reduced and capped so it does not exceed the lowest rate applicable to comparable profits of a resident of a third State; the rule also covers participation in a pool, joint business or international operating agency. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5450