Supreme Court of Pakistan Rules on Scope of Shipping and Air Transport Income Under Tax Treaties with Belgium and Denmark
On 12 January 2024, the Supreme Court of Pakistan issued an judgment concerning the scope of income covered by Article 8 (Shipping and Air Transport) of the 1980 tax treaty with Belgium and Article 8 (Profits From International Traffic) of the 1987 tax treaty with Denmark. The case involved two non-resident shipping companies incorporated in Belgium and Denmark (the respondents) that claimed t…
Continue Reading