https://www.taxtmi.com/acts?id=51404 Profits from operation of ships or aircraft in international traffic are generally taxable only in the enterprise's Contracting State. Alternative A treats both shipping and air transport profits as taxable solely in that State and extends the rule to pools, joint businesses and international operating agencies. Alternative B treats aircraft profits as taxable only in the enterprise's State but allows the other State to tax allocated shipping profits where its shipping activities are more than casual; such taxed amounts are to be allocated from overall net shipping profits and reduced by a bilaterally negotiated percentage. en-us Thu, 22 May 2025 11:59:16 +0530 Tue, 27 May 2025 12:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51404 Profits from operation of ships or aircraft in international traffic are generally taxable only in the enterprise's Contracting State. Alternative A treats both shipping and air transport profits as taxable solely in that State and extends the rule to pools, joint businesses and international operating agencies. Alternative B treats aircraft profits as taxable only in the enterprise's State but allows the other State to tax allocated shipping profits where its shipping activities are more than casual; such taxed amounts are to be allocated from overall net shipping profits and reduced by a bilaterally negotiated percentage. Act-Rules DTAA Thu, 22 May 2025 11:59:16 +0530 https://www.taxtmi.com/acts?id=51404