AUSTRALIAN TAX TREATIES

Italian Convention  

Italian Airline Profits Agreement  

ARTICLE 3  

(1)  
Profits derived by an enterprise of a Contracting State from the operation of aircraft in international traffic or arising from the carriage by air of persons, livestock, goods or mail between places in that Contracting State, shall be exempt from tax in the other Contracting State.

(2)  
The exemption provided in paragraph 1 of this Article shall apply to a share of the profits from the operation of aircraft in international traffic derived by an enterprise of a Contracting State through participation in a pooled service, in a joint air transport operation or in an international operating agency.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.