Profit from Aircraft & Ships

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....hall be taxable only in that Contracting State. 2. Profits from the operation of ships in international traffic carried on by an enterprise of a Contracting State shall be taxable only in that Contra....

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....he remaining five years, 25 per cent, of the tax otherwise imposed by the taxation law of that other Contracting State. 4. The provisions of the preceding paragraphs of this Article shall also apply....