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alien individuals
PURPOSE
statutory exemption.
United States.
and royalties, and other income because such benefits are not
periodically.
Part A of Table I; Part III (domestic law) of the prior table has
the United Arab Emirates have been added to the list of countries
official Gazette on March 31, 1999, for income earned after that
countries have entered into new income tax conventions with the
TO CLAIM AN EXEMPTION
under section 883 must file a return on Form 1120F (U.S. Income
473.
Rev. Rul. 97-31 and Rev. Rul. 89-42 are modified and
superseded.
DRAFTING INFORMATION
1
PART A - EXCHANGE OF NOTES
TYPES OF SHIPPING AND AIRCRAFT INCOME EXEMPTED2
Marshall
Islands 1990-2 C.B. 321 X X X X X
United Arab
Emirates 1998-2 C.B. 528 X X X X X
3
Venezuela 1988-1 C.B. 467 X X X X X
- 10 -
Antigua6 &
Barbuda NOV 1991 X X X X X
Cayman 11
Islands JAN 1987 X X X X X
6
Chile OCT 1988 X X X X X
6/12 3
Ecuador DEC 1989 X X X X X
Netherlands
Antilles MAY 1988 X X X X X
5
Peru SEPT 1995 X X X X X
10
Portugal Ships JUNE 1989 X X X - -
Aircraft FEB 1989 X X X - -
5 8
Qatar AUG 1994 X - - - -
13
Spain DEC 1988 X X - X -
U.S. Virgin
Islands OCT 1988 X X X X X
TABLE II
Countries Currently Granting by Income Tax Convention
Equivalent Exemptions For Purposes of Qualifying
15
a
Shareholder Under Section 883(c)(1)
2
BASIS FOR EXEMPTION TYPES OF SHIPPING AND AIRCRAFT INCOME EXEMPTED
Canada X X X X X X
22
China
(Peoples 20 20
Republic) X X X X X X
20 20
Cyprus X X X X X X
Czech 3
Republic X X X X X X
19 20
Denmark X X X X X X
3 3 3
Egypt X X X X X -
19 3
Estonia X X X X X X
3 3 23
Finland X X X X X X
20 3 3
France X X X X X X
24
Germany X X X - X X
8
Greece X X - - - -
3 3
Hungary X X X X X X
25 3 3 3
Iceland X X X X X X
3 3 3/26
India X X X X X X
27 3
Indonesia X X X X X X
19 20
Ireland X X X X X X
3 3 3 3
Israel X X X X X X
28/29 25 30 3 3
Italy X X X X X X
20 20 3
Jamaica X X X X X X
- 12 -
28 31 3 3 3 3
Japan X X X X X X
20
Kazakhstan X X X X X X
32 3
Korea X X X - X -
19 17
Latvia X X X X X X
19 17 3
Lithuania X X X X X X
19 20
Luxembourg X X X X X X
23
Mexico X X X X X X
21 8 3
Morocco X X - - - X
3 3
Netherlands X X X X - X
3 3 18
New Zealand X X X X X X
28 32 3 3
Norway X X X X X X
5 8
Pakistan X X - - - -
6 3
Philippines X - - - - X
25 3 3 3
Poland X X X X X X
3
Portugal X X X X - X
3 3 3
Romania X X X X X X
Russian 20
Federation X X X X X X
Slovak 3
Republic X X X X X X
19 20
Slovenia X X X X X X
South 19 20
Africa X X X X X X
3
Spain X X X X X X
3
Sweden X X X X X X
19 33 3
Switzerland X X X X - X
19 5 3 3
Thailand X6 X X X X X
X - - - - X
Trinidad & 25 3 3
Tobago X X X X - X
20 20 3
Tunisia X X X X X X
19 3
Turkey X X X X X X
19 20 3
Ukraine X X X X X X
34 8 3
USSR/NIS X X - - - X
29 25 3 3
U.K. X X X X X X
- 13 -
19 20
Venezuela X X X X X X
- 14 -
FOOTNOTES TO TABLES
29 The United States has entered into new treaties with Italy
and the United Kingdom, but neither treaty has entered into
force as of the date of publication of this ruling.
30 This exemption applies if the ship or aircraft is operated
in international traffic or if the rental income is
incidental to income from such international operation.
34 The U.S. - U.S.S.R. income tax treaty signed June 20, 1973,
continues to apply to the New Independent States (NIS) of
Armenia, Azerbaijan, Belarus, Georgia, Kyrgyzstan, Moldova,
Tajikistan, Turkmenistan, and Uzbekistan.