OrbitaxDraft ruling of taxation of ship and aircraft leasing profits
|Approved Changes|Australia
The Australian Taxation Office released on 9 April 2008, for discussion a Draft Taxation Ruling TR 2008/D3 dealing with the taxation treatment of ship and aircraft leasing profits under the ships and aircraft articles of Australia's tax treaties.
The Draft Ruling clarifies the taxation implications under each of Australia tax treaties, including Airline Profit Agreements. …
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