https://www.taxtmi.com/acts?id=10373 Profits from the operation of ships or aircraft in international traffic are taxable only in the enterprise's State of residence, covering transport of passengers, goods, mail and livestock, and extending to participation in pools, joint businesses and international operating agencies. Income from use or rental of containers and related equipment used in international traffic is taxable solely in the resident State unless used only within the other Contracting State. Interest directly connected with such operations is regarded as incidental operational profit and is excluded from the separate interest provisions. en-us Sat, 17 Jan 2009 18:58:37 +0530 Mon, 25 Nov 2024 17:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10373 Profits from the operation of ships or aircraft in international traffic are taxable only in the enterprise's State of residence, covering transport of passengers, goods, mail and livestock, and extending to participation in pools, joint businesses and international operating agencies. Income from use or rental of containers and related equipment used in international traffic is taxable solely in the resident State unless used only within the other Contracting State. Interest directly connected with such operations is regarded as incidental operational profit and is excluded from the separate interest provisions. Act-Rules DTAA Sat, 17 Jan 2009 18:58:37 +0530 https://www.taxtmi.com/acts?id=10373