AUSTRALIAN TAX TREATIES

Korean Convention  

CONVENTION BETWEEN THE GOVERNMENT OF AUSTRALIA AND THE GOVERNMENT OF THE REPUBLIC OF KOREA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME  

CHAPTER III - TAXATION OF INCOME  

ARTICLE 8   Ships and Aircraft  

(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 State.

(2)  
The provisions of paragraph (1) shall also apply to profits derived from participation in a pool, a joint business or an international operating agency.




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