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Article 8 - Shipping and air transport - Indonesia (Old - Effective upto 31-3-2016)Extract Article 8 : Shipping and air transport 1. Profits derived by an enterprise of a ContractingState from the operation of ships or aircraft in international traffic shall be taxable only in that State. 2. The provisions of paragraph 1 of this article shall also apply to profits from participation in a pool, a joint business or an international operating agency. 3. For the purposes of this article, interest on funds connected with the operation of ships or aircraft in international traffic shall be regarded as profits derived from the operation of such ships or aircraft and the provisions of article 11 shall not apply in relation to such interest. 4. The term "operation of ships or aircraft" shall mean business of transportation of passengers, mail, livestock or goods carried on by the owners or lessees or charterers of ships or aircraft, including the sale of tickets for such transportation on behalf of other enterprises, the incidental lease of ships or aircraft and any other activity directly connected with such transportation.
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