SHIPPING, AIR TRANSPORT AND CONTAINERS Sample Clauses

SHIPPING, AIR TRANSPORT AND CONTAINERS. 1. Income or profits derived by an enterprise of a Contracting State from the operation of aircraft in international traffic shall be taxable only in that Contracting State. 2. Income or profits derived by an enterprise of a Contracting State from the operation of ships in international traffic may be taxed in the other Contracting State, but the tax imposed in that other State shall be reduced by an amount equal to 50 per cent thereof. 3. Income or profits of an enterprise of a Contracting State from the use, demurrage or rental of containers (including trailers, barges, and related equipment for the transport of containers), that are incidental to income from the operation of ships or aircraft in international traffic, shall be treated for purposes of paragraphs 1 and 2 as income from the operation of ships or aircraft in international traffic. 4. The provisions of paragraphs 1, 2 and 3 shall also apply to income or profits from the participation in a pool, a joint business or an international operating agency. 5. The provisions of paragraphs 1, 3 and 4 shall apply to income or profits derived by the joint Norwegian, Danish and Swedish air transport consortium Scandinavian Airlines System (SAS), but only insofar as income or profits derived by SAS Norge ASA, the Norwegian partner of the Scandinavian Airlines System (SAS), are in proportion to its share in that organization.
AutoNDA by SimpleDocs
SHIPPING, AIR TRANSPORT AND CONTAINERS. 1. Income or profits derived by an enterprise of a Contracting State from the operation of aircraft in international traffic shall be taxable only in that Contracting State; 2. Income or profits derived by an enterprise of a Contracting State from the operation of ships in international traffic may be taxed in the other Contracting State, but the tax imposed in that other State shall be reduced by an amount equal to 50 percent thereof; 3. Income or profits of an enterprise of a Contracting State from the use, maintenance, or rental of containers (including trailers, barges, and related equipment for the transport of containers) that are incidental to income from the operation of ships or aircraft in international traffic shall be treated for purposes of paragraphs 1 and 2 as income from the operation of ships or aircraft in international traffic. 4. The provisions of paragraphs 1, 2 and 3 shall also apply to income or profits from the participation in a pool, a joint business or an international operating agency; 1. Where
SHIPPING, AIR TRANSPORT AND CONTAINERS. 1. Profits of an enterprise of a Contracting State from the operation of ships or aircraft in international traffic shall be taxable only in that Contracting State.
SHIPPING, AIR TRANSPORT AND CONTAINERS. 1. Profits of an enterprise of a Contracting State from the operation of ships or aircraft in international traffic shall be taxable only in that State. 2. Notwithstanding the provisions of paragraph 1 and Article 7, profits derived by an enterprise of a Contracting State from a voyage of a ship where the principal purpose of the voyage is to transport passengers or goods exclusively between places in the other Contracting State may be taxed in that other State. However, this paragraph shall not apply to coastal traffic which is incidental or supplementary to international traffic. 3. The provisions of paragraphs 1 and 2 shall also apply to profits referred to in those paragraphs derived by an enterprise of a Contracting State from its participation in a pool, a joint business or an international operating agency. 4. Profits derived by an enterprise of a Contracting State from the use, maintenance or rental of containers (including trailers and related equipment for the transportation of containers) used for the transport of goods or merchandise in international traffic shall be taxable only in that Contracting State except insofar as those containers or trailers and related equipment are used for transport principally between places within the other Contracting State. 5. The provisions of paragraphs 1, 2, 3 and 4 shall apply to profits derived by the joint Norwegian, Danish and Swedish air transport consortium, Scandinavian Airlines System (SAS), but only in respect of the share thereof that is derived by SAS Norge ASA, the Norwegian partner of the Scandinavian Airlines System (SAS).
SHIPPING, AIR TRANSPORT AND CONTAINERS. 1. Profits from the operation of ships or aircraft in international traffic carried on by an enterprise of a Contracting State shall be taxable only in that Contracting State. 2. The profits of an enterprise of a Contracting State from the use, maintenance or rental of containers (including trailers and ralated equipment for the transport of containers) used for the transport of goods or merchandise shall be taxable only in that Contracting State, except insofar as those containers or trailers and related equipment are used for transport solely between places within the other Contracting State. 3. The provisions of paragraphs 1 and 2 shall also apply to profits derived from the participation in a pool, a joint business or in an international operating agency. 4. The provisions of paragraphs 1,2 and 3 shall apply to profits derived by the joint Norwegian, Danish and Swedish air transport consortium Scandinavian Airlines System (SAS), but only insofar as profits derived by Det Norske Luftfartsselskap A/S (DNL), the Norwegian partner of the Scandinavian Airline System (SAS), are in proportion to its share in that organisation.
SHIPPING, AIR TRANSPORT AND CONTAINERS. 1. Profits from the operation of ships or aircraft in international traffic carried on by an enterprise of a Contracting State shall be taxable only in that Contracting State. 2. Profits of an enterprise of a Contracting State from the use, maintenance or rental of containers (including trailers and related equipment for the transport of containers) used for the transport of goods or merchandise in international traffic shall be taxable only in that State. 3. The provisions of paragraph 1 and 2 of this Article shall also apply to profits derived from the participation in a pool, a joint business or in an international operating agency. 4. Whenever companies from different countries have agreed to carry on an international transportation business together in the form of a consortium, the provisions of paragraphs 1 and 2 of this Article shall apply to the profits derived by that consortium, but only to such part of the profits of the consortium as relates to the participation held in that consortium by a company that is a resident of a Contracting State.
SHIPPING, AIR TRANSPORT AND CONTAINERS. 1. Income or profits derived by an enterprise of a Contracting State from the operation of aircraft in international traffic shall be taxable only in that Contracting State; 2. Income or profits derived by an enterprise of a Contracting State from the operation of ships in international traffic may be taxed in the other Contracting State, but the tax imposed in that other State shall be reduced by an amount equal to 50 percent thereof; 3. The provisions of paragraphs 1and 2 shall also apply to income or profits from the participation in a pool, a joint business or an international operating agency;
AutoNDA by SimpleDocs
SHIPPING, AIR TRANSPORT AND CONTAINERS. 1. Profits of an enterprise of a Contracting State from the operation of ships or aircraft in international traffic shall be taxable only in that State. 2. Profits of an enterprise of a Contracting State from the use, maintenance or rental of containers (including trailers and related equipment for the transport of containers) used for the transport of goods or merchandise shall be taxable only in that State, except insofar as those containers or trailers and related equipment are used for transport solely between places within the other Contracting State. 3. The provisions of paragraphs 1 and 2 shall also apply to profits from the participation in a pool, a joint business or an international operating agency. 4. The provisions of paragraphs 1, 2 and 3 shall apply to profits derived by the joint Norwegian, Danish and Swedish air transport consortium Scandinavian Airlines System (SAS), but only insofar as profits derived by SAS Norge AS, the Norwegian partner of SAS, are in proportion to its share in that organisation.
SHIPPING, AIR TRANSPORT AND CONTAINERS. 1. Profits of a resident of a Contracting State from the operation of ships or aircraft in international traffic shall be taxable only in that Contracting State. 2. For the purposes of this Article and notwithstanding the provisions of Article 12, the term «profits from the operation of ships or aircraft in international traffic» includes profits derived from the rental of ships or aircraft on a full (time or voyage) basis and also includes profits from the rental of ships or aircraft on a bareboat basis, if such rental activities carried on by a resident of a Contracting State are incidental to the activity mentioned in paragraph 1. 3. Notwithstanding the provisions of Article 12, profits of a resident of a Contracting State from the use, maintenance or rental of containers (including trailers and related equipment for the transport of containers) used for the transport of goods or merchandise shall be taxable only in that Contracting State, except insofar as those containers or trailers and related equipment are used for transport solely between places within the other Contracting State. 4. The provisions of paragraphs 1 and 3 shall also apply to profits derived from the participation in a pool, a joint business or in an international operating agency. 5. The provisions of paragraphs 1, 3 and 4 shall apply to profits derived by the joint Norwegian, Danish and Swedish air transport consortium Scandinavian Airlines System (SAS), but only insofar as profits derived by SAS Norge ASA, the Norwegian partner of the Scandinavian Airlines System (SAS), are in proportion to its share in that organisation.
SHIPPING, AIR TRANSPORT AND CONTAINERS. 1. Profits from the operation of ships or aircraft in international traffic carried on by an enterprise of a Contracting State shall be taxable only in that Contracting State. 2. Profits of an enterprise of a Contracting State from the use, maintenance or rental of containers (including trailers and related equipment for the transport of containers) used for the transport of goods or merchandise shall be taxable only in that Contracting State, except insofar as those containers or trailers and related equipment are used for transport solely between places within the other Contracting State. 3. The provisions of paragraphs 1 and 2 shall also apply to profits from the participation in a pool, a joint business or an international operating agency. 4. The provisions of paragraphs 1, 2 and 3 shall apply to profits derived by the joint Norwegian, Danish and Swedish air transport consortium Scandinavian Airlines System (SAS), but only insofar as profits derived by SAS Norge ASA, the Norwegian partner of the Scandinavian Airline System (SAS), are in proportion to its share in that organization. 5. Notwithstanding paragraph 1 of this Article, profits derived by a resident of a Contracting State from the international operation of ships used for the transport of hydrocarbons out of the other Contracting State may be taxed in that other State.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!