Shipping and Air Transport definition

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 1Sample 2
Shipping and Air Transport. The Article shall also apply:
Sample 1Sample 2

Examples of Shipping and Air Transport in a sentence

  • This result is consistent with the general rule under Article 8 (Shipping and Air Transport) that confers exclusive taxing rights over international shipping and air transport income on the state of residence of the enterprise deriving such income.

  • The substantive taxing rules of the Convention relating to the taxation of income from transport, principally Article 8 (Shipping and Air Transport), therefore, would not apply to income from such carriage.

  • This result is consistent with the allocation of taxing rights under Article 8 (Shipping and Air Transport).

  • With reference to paragraph 2 of Article 8 (Shipping and Air Transport): it is understood that income earned by an enterprise from the inland transport of property or passengers within either Contracting State falls within Article 8 if the transport is undertaken as part of the international transport of property or passengers by the enterprise.

  • Notwithstanding paragraph 2 of this Article, Article 8 (Shipping and Air Transport), and paragraph 3 of Article 13 (Capital Gains) shall have effect from the date of entry into force of this Agreement.

  • However, the term “interest” does not include income dealt with in Article 8 (Shipping and Air Transport) or Article 10 (Dividends).

  • In view of the special nature of the SAS consortium and in view of the agency agreement as described above, the United States for purposes of Article 8 (Shipping and Air Transport) of the Convention shall treat all of the income earned by SAS, Inc., that is derived from the operation in international traffic of aircraft as the income of the SAS consortium.

  • For example, the taxation of income of international shipping and aircraft operations is governed by Article 8 (Shipping and Air Transport) and not by this Article.

  • The provisions of Article 8 (Shipping and Air Transport) shall not affect the provisions of the Agreement of December 29, 1987, between the Government of the United States of America and the Government of the Republic of Venezuela for the avoidance of double taxation with respect to shipping and air transport.

  • Thus, the capital to which each of paragraphs 1, 2 and 3 of the Article relate is subject to taxation in the same manner as is income from such capital under Articles 6 (Income from Real Property (Immovable Property)), 7 (Business Profits), 8 (Shipping and Air Transport) and 13 (Gains) of the Convention.

Related to Shipping and Air Transport

  • air transport means the carriage by aircraft of passengers, baggage, cargo, and mail, separately or in combination, held out to the public for remuneration or hire, including scheduled and non-scheduled air services;

  • commercial air transport means an aircraft operation involving the transport of passengers, cargo, or mail for remuneration or hire.

  • Air transportation means the public carriage by aircraft of passengers, baggage, cargo, and mail, separately or in combination, for remuneration or hire;

  • 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.

  • international air transport means air transport that passes through the airspace over the territory of more than one State;

  • 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.

  • 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 with

  • 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.

  • Underground source of drinking water means an aquifer or its portion:

  • High Quality Waters means all state waters, except:

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

  • Transportation network company driver or “driver” means an

  • 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.

  • Economy Transportation means the lowest published available transportation rate for a ticket on a Common Carrier matching the original class of transportation that You purchased for Your Trip.

  • Radiopharmaceutical quality assurance means, but is not limited to, the performance of appropriate chemical, biological, and physical tests on potential radiopharmaceuticals and the interpretation of the resulting data to determine their suitability for use in humans and animals, including internal test assessment, authentication of product history, and the keeping of proper records.