Treasury Regulations · 26 CFR
§ 509.107. Income from operation of ships or aircraft.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Cite as 26 CFR § 509.107
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Length
- 79 words · about 1 min to read
Under Article V of the convention so much of the income from sources within the United States of a Swiss enterprise as consists of earnings derived from the operation of ships or aircraft documented or registered in Switzerland shall not be included in gross income and shall be exempt from United States tax, even though at some time during the taxable year such enterprise has engaged in trade or business in the United States through a permanent establishment situated therein.
Where it sits in 26 CFR
- Subchapter G Regulations under tax conventions
- Part 509 Switzerland
- Subpart ECFRd60dfb9daabf2ae Subpart—General Income Tax
Nearby sections
- § 509.103 Scope of the convention.
- § 509.104 Definitions.
- § 509.105 Industrial and commercial profits.
- § 509.106 Control of a United States enterprise by a Swiss enterprise.
- § 509.107 Income from operation of ships or aircraft.
- § 509.108 Dividends.
- § 509.109 Interest.
- § 509.110 Patent and copyright royalties and film rentals.
- § 509.111 Real property income and natural resource royalties.