Shipping

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..... activities connected with the operation of ships in international traffic are carried on in that other State, but the tax so charged shall not exceed 2.50 per cent of the gross amount payable in respect of operation of ships in that other 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 a .....

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..... elation to interest referred to in (b) above. 5. In determining the income of an enterprise of a Contracting State for the purposes of taxation in the other Contracting State, no deduction shall be allowed in respect of any loss or depreciation allowance admissible to that enterprise for any earlier previous year or calendar year, as the case may be. - - statute, statutory provisions legislation .....

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