SHIPPING AND AIR TRANSPORT. 1. Profits of an enterprise of one of the Contracting States from the operation of ships or aircraft in international traffic may be taxed in the other Contracting State, but only if such profits are derived from that other Contracting State. However, the tax charged in respect of such profits in that other State shall be reduced by an amount equal to 50 per cent thereof.
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SHIPPING AND AIR TRANSPORT. 1. Profits of derived in a Contracting State by an enterprise of one of the other Contracting States State from the operation of ships or aircraft in international traffic may be taxed in the other Contracting first-mentioned State, but only if such profits are derived from that other Contracting State. However, the tax so charged in respect of such profits in that other State shall be reduced by an amount equal to 50 per cent thereof.
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SHIPPING AND AIR TRANSPORT. 1. Profits of derived by an enterprise of one of the Contracting States from the operation of ships or and aircraft in international traffic may be taxed in the other Contracting that State, but only if such profits are derived from that other Contracting State. However, the tax charged in respect of such profits in that other State shall be reduced by an amount equal to 50 per cent thereof.
Appears in 4 contracts
Samples: Taxation Avoidance Agreement, Taxation Avoidance Agreement, Taxation Avoidance Agreement
SHIPPING AND AIR TRANSPORT. 1. Profits The income of an enterprise of one of the Contracting States derived from the other Contracting State from the operation of ships or aircraft in international traffic may be taxed in the that other Contracting State, but only if such profits are derived from the tax chargeable in that other Contracting State. However, the tax charged in respect of State on such profits in that other State income shall be reduced by an amount equal to 50 fifty per cent thereofthereof .
Appears in 3 contracts
Samples: Agreement, Taxation Avoidance Agreement, Agreement
SHIPPING AND AIR TRANSPORT. 1. Profits The income of an enterprise of one of the Contracting States derived from the other Contracting State from the operation of ships or aircraft in international traffic may be taxed in the that other Contracting State, but only if such profits are derived from the tax chargeable in that other Contracting State. However, the tax charged in respect of State on such profits in that other State income shall be reduced by an amount equal to 50 fifty per cent thereof.
Appears in 3 contracts
Samples: Tax Agreement, phl.hasil.gov.my, internationaltaxtreaty.com
SHIPPING AND AIR TRANSPORT. 1. Profits The income of an enterprise of one of the Contracting States derived from the other Contracting State from the operation of ships or aircraft in international traffic may be taxed in the that other Contracting State, but only if such profits are derived from the tax chargeable in that other Contracting State. However, the tax charged in respect of State on such profits in that other State income shall be reduced by an amount equal aqual to 50 fifty per cent thereofthereof .
Appears in 2 contracts
Samples: Agreement, Taxation Avoidance Agreement
SHIPPING AND AIR TRANSPORT. 1. Profits The income of an enterprise of one of the Contracting States derived from the other Contracting State from the operation of ships or aircraft in international traffic may be taxed in the that other Contracting State, but only if such profits are derived from the tax chargeable in that other Contracting State. However, the tax charged in respect of State or such profits in that other State income shall be reduced by an amount equal to 50 fifty per cent thereof.
Appears in 1 contract
Samples: Tax Agreement
