https://www.taxtmi.com/acts?id=5480 Profits from operating ships in international traffic are taxable only in the Contracting State where the enterprise's place of effective management is situated; if that place is aboard a ship it is deemed to be in the State of the ship's home harbour or, absent a home harbour, the State of the operator's residence. The rule covers participation in pools, joint businesses and international operating agencies. An exception allows the other Contracting State to tax income from voyages between its ports and third-country ports, subject to a reduction in tax imposed there. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 18 Nov 2024 11:09:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5480 Profits from operating ships in international traffic are taxable only in the Contracting State where the enterprise's place of effective management is situated; if that place is aboard a ship it is deemed to be in the State of the ship's home harbour or, absent a home harbour, the State of the operator's residence. The rule covers participation in pools, joint businesses and international operating agencies. An exception allows the other Contracting State to tax income from voyages between its ports and third-country ports, subject to a reduction in tax imposed there. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5480