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Double Taxation Avoidance Agreement With Kuwait

Legislation in one of the contracting states continues to govern the placement and taxation of income in contracting states, unless expressly provided for by this agreement. g. the term “aircraft operation”: any air transport of persons, livestock, luggage, cargo or mail, and includes the sale of tickets and route invoices for that transport for the company itself or for any other business engaged in such activities. 1. This agreement is approved in accordance with the legislation in force in each contracting state. It will come into force thirty days after the exchange of letters certifying that due process is carried out in each State party. The exchange of letters is to take place in New Delhi. The Indian government and the Kuwaiti government intend to reach an agreement to avoid double taxation of international air transport revenues. G.S.R. 302 (E). -The annexed agreement between the Government of the Republic of India and the Government of the State of Kuwait to avoid the double taxation of international air transport revenues, which comes into force when the two States Parties notify the procedures under Article 5 of that Convention, enters into force. For this reason, in the exercise of the powers conferred by Section 90 of the Income-tax Act, 1961 (43 of 1961) and Section 24A of the Companies (Profits) Sur-tax Act, 1964 (7 of 1964), the central government orders that all provisions of that agreement take effect in the Indian Union.

3. For the purposes of paragraph 1, the interests of funds directly related to the operation of aircraft in international traffic are considered revenues from aircraft operations. c. the term “contracting state” and the other contracting state refer to Kuwait or India, as the context requires; . For the Indian government for the government of Kuwait. ACCORD ENTRE THE GOVERNMENT OF THE REPUBLIC OF INDIA AND THE GOVERNMENT OF KOWE-T FOR THE RISK OF DOUBLE IMPOSITION OF INTERNATIONAL AIR TRANSPORT derived revenues b. in Article 5, paragraph 1, line 5, for “Exchange,” read “The Exchange.” The two countries then signed a protocol amending the tax treaty on 15 January 2017. When the Afghan government and government have entered into an F.

term of “international traffic,” the term “international traffic” means any transport by aircraft operated by a company in a contracting state, unless the aircraft is operated exclusively between premises located in another contracting state; 2. Paragraph 1 also applies to the share of profits from the operation of aircraft in international traffic, obtained by a company of a contracting state by participating in a collective service, a joint operation or an international operating agency.