Greece (tax/treaty)

Shipping and Air Transport 1. Profits from the operation of ships in international traffic shall be taxable only in the Contracting State in which theships are registered or by which they are documented. 2. 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. 3. The provisions of paragraph 1 of this Article shall also apply to profits from the participation in a pool, a joint business or an international operating agency. 4. Nothing contained in this Article shall affect the rights and obligations of the Contracting States under the Agreement between the Kingdom of Saudi Arabia and the Hellenic Republic for the Avoidance of Double Taxation with respect to taxes on income derived from the operation of aircraft in international transport signed in Riyadh on 1-RABI'II-1427 (corresponding to 29 APRIL 2006) .