DT3127 - DT: Bangladesh: double taxation agreement, Article 8: Air transport

(1) Profits from the operation of aircraft in international traffic shall be taxable only in the Contracting State in which the place of effective management of the enterprise is situated.

(2) The provisions of paragraph (1) of this Article shall likewise apply in respect of income derived from participation in pools of any kind by enterprises engaged in air transport.

(3) For the purposes of paragraph (1) of this Article, interest on funds directly connected with the operation of aircraft in international traffic shall be regarded as income from the operation of such aircraft, and the provisions of Article 11 shall not apply to such interest.