Common use of AVOIDANCE OF DOUBLE TAXATION Clause in Contracts

AVOIDANCE OF DOUBLE TAXATION. 1. An enterprise of a Contracting Party operating ships or aircraft in international traffic shall be exempted in the other Contracting Party from taxes of every kind and description on income derived therefrom, irrespective of the manner in which they are levied.

AVOIDANCE OF DOUBLE TAXATION. 1. An Income derived by an enterprise of a Contracting Party operating ships or State from the operation of aircraft in international traffic shall be exempted from tax in the other Contracting Party from taxes of every kind and description on income derived therefrom, irrespective of the manner in which they are leviedState.