Common use of AVOIDANCE OF DOUBLE TAXATION Clause in Contracts

AVOIDANCE OF DOUBLE TAXATION. (1) Income or profits derived from the operation of aircraft in international traffic by an airline of one Contracting Party, including participation in a pool service, a joint air transport operation or an international operating agency, which are subject to tax in the area of that Contracting Party shall be exempt from income tax, profits tax and all other taxes on income or profits imposed in the area of the other Contracting Party.

AVOIDANCE OF DOUBLE TAXATION. (1) Income or and profits derived from the operation of aircraft in international traffic by an airline of one Contracting Party, including participation in a pool service, a joint air transport operation or an international operating agency, which are subject to tax in the area of that Contracting Party shall be exempt from income tax, profits tax and all other taxes on income or and profits imposed in the area of the other Contracting Party.

AVOIDANCE OF DOUBLE TAXATION. (1) Income Revenues, gross receipts, income or profits derived from the operation of aircraft in international traffic by an airline of one Contracting Party, including participation in a pool service, a joint air transport operation or an international operating agency, which are subject to tax in the area of that Contracting Party shall be exempt from income tax, profits tax and all other taxes on revenues, receipts, income or profits imposed in the area of the other Contracting Party.

AVOIDANCE OF DOUBLE TAXATION. (1) Income or profits derived from the operation of aircraft in international traffic by an airline of one Contracting Party, including participation in a pool service, a joint air transport operation business or an international operating agency, which are subject to tax in the area of that Contracting Party shall be exempt from income tax, profits tax and all other taxes on income or profits imposed taxable only in the area of the other that Contracting Party.

AVOIDANCE OF DOUBLE TAXATION. (1) Income Profits or profits derived income from the operation of aircraft in international traffic derived by an airline of one Contracting Party, including participation in a pool serviceinter-airline commercial agreements or joint business ventures, a joint air transport operation or an international operating agencyshall, which if they are subject to tax in the area of that Contracting Party shall Party, be exempt from any tax on profits or income tax, profits tax and all other taxes on income or profits imposed in by the area Government of the other Contracting Party.