https://www.taxtmi.com/acts?id=5631 Profits from operation of ships or aircraft in international traffic are taxable only in the Contracting State of the enterprise; this rule includes use or rental of containers and related equipment and applies to participation in pools, joint businesses, and international operating agencies. If a shipping enterprise's place of effective management is aboard a ship, it is deemed situated in the State of the ship's home harbor or, lacking a home harbor, in the State of residence of the operator. Existing reciprocal exemptions for specified air transport enterprises remain unaffected. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 19 Nov 2024 16:31:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5631 Profits from operation of ships or aircraft in international traffic are taxable only in the Contracting State of the enterprise; this rule includes use or rental of containers and related equipment and applies to participation in pools, joint businesses, and international operating agencies. If a shipping enterprise's place of effective management is aboard a ship, it is deemed situated in the State of the ship's home harbor or, lacking a home harbor, in the State of residence of the operator. Existing reciprocal exemptions for specified air transport enterprises remain unaffected. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5631