https://www.taxtmi.com/acts?id=45316 Profits from operation of ships and aircraft in international traffic are taxable only in the Contracting State of the enterprise; this includes transport of passengers, livestock and goods, income from use, maintenance or rental of containers, and interest incidental to the operation, which is treated as transport profit rather than separate interest; the place of effective management aboard a ship is deemed in the State of the ship's home harbor or, absent a home harbor, in the State of residence of the operator; participation in pools, joint businesses or international operating agencies is covered by the same exclusive taxing rule. en-us Fri, 18 Oct 2024 11:52:50 +0530 Fri, 18 Oct 2024 11:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45316 Profits from operation of ships and aircraft in international traffic are taxable only in the Contracting State of the enterprise; this includes transport of passengers, livestock and goods, income from use, maintenance or rental of containers, and interest incidental to the operation, which is treated as transport profit rather than separate interest; the place of effective management aboard a ship is deemed in the State of the ship's home harbor or, absent a home harbor, in the State of residence of the operator; participation in pools, joint businesses or international operating agencies is covered by the same exclusive taxing rule. Act-Rules DTAA Fri, 18 Oct 2024 11:52:50 +0530 https://www.taxtmi.com/acts?id=45316