Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.
ARTICLE 8
International Traffic
Profits derived by an enterprise of a Contracting State from the operation of ships, boats, aircraft, or road and railway vehicles in international traffic shall be taxable only in the Contracting State in which the registered office of the enterprise is situated.