eCFR.io
Daily eCFR

§ 521.107 Income from operation of ships or aircraft.

26 CFR 521.107

Citation26 CFR 521.107
CorpusDaily eCFR
Displayed edition2026-09-08
Last updated2026-09-08

§ 521.107 Income from operation of ships or aircraft.

The income derived from the operation of ships or aircraft registered in Denmark by a nonresident alien who is a resident of Denmark, or by a Danish corporation, and carrying on an enterprise in Denmark, is, for taxable years beginning on or after January 1, 1948, exempt from United States income tax under the provisions of Article V of the convention.