Shipping and Air Transport definition

Shipping and Air Transport. The Article shall also apply:
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Shipping and Air Transport. For the purpose of paragraph 2, the tax imposed by the other Contracting State shall be reduced by 100 per cent if, after the date of signature of this Agreement, Malaysia and China have entered into a Shipping Agreement with each other. The reduction shall be effective from the date the Shipping Agreement enters into force. The tax to be exempt means all taxes in relation to the operation of ships imposed, in Malaysia, by the Income Tax Act 1967 and the Supplementary Income Tax Act 1967 and, in China, by the Income Tax Act and the Industrial and Commercial Consolidated Tax Act.
Sample 1

Examples of Shipping and Air Transport in a sentence

  • Article 8 It is understood that both Contracting States will apply the OECD model Commentary on International Shipping and Air Transport, in particular in relation to the treatment of profits from the rental, on a bareboat basis, of ships and aircraft and profits from the use, maintenance or rental of containers used for the transport of good or merchandise.

Related to Shipping and Air Transport

  • International air transportation means transportation by air between a place in the United States and a place outside the United States or between two places both of which are outside the United States.

  • air transport service means a service for the transport by air of persons, mails or any other thing, animate or inanimate, for any kind of remuneration whatsoever, whether such service consists of a single flight or series of flights;

  • Ocean transportation means any transportation aboard a ship, vessel, boat, barge, or ferry through international waters.

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Air Transportation Business means the carriage by aircraft of persons or property as a common carrier for compensation or hire, or carriage of cargo or mail by aircraft, in air commerce, as defined in 49 U.S.C. § 40102, as amended.

  • Transportation fuel means electricity and any liquid or

  • Transportation network company means a company or organization facilitating and/or providing transportation services using a computer or digital application or platform to connect or match passengers with drivers for compensation or a fee.

  • Transportation Services means travel assistance given to an individual

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

  • Maritime cargo handling services means activities exercised by stevedore companies, including terminal operators, but not including the direct activities of dockers, when this workforce is organised independently of the stevedoring or terminal operator companies. The activities covered include the organisation and supervision of:

  • High Quality Waters means all state waters, except:

  • Aviation gasoline means fuel designed for use in the operation of aircraft other than jet aircraft,

  • Transportation Service means a service for moving people and goods, such as intercity bus service and passenger rail service.

  • Ambient air quality standard means an established concentration, exposure time, and frequency of occurrence of air contaminant(s) in the ambient air which shall not be exceeded.

  • Transportation System means the facilities at any time in place to receive Shipper’s Gas at the Entry Point(s), process, handle, transport and redeliver the Gas at the Exit Point(s), in accordance with the Transportation Agreement, as detailed in Transportation System Description.