This ruling is issued pursuant to the authority granted under Section 84 of the Tax Administration Act (Law Number 3/2010) as amended by Law Number 14/2011. Unless otherwise stated, all references to the Act are the Business Profit Tax Act (Law Number 5/2011), and all references to the Ruling are to the Tax Ruling TR-2015/B43 (Application for exemption under section 16 of the Business Profit Tax Act). This ruling is legally binding.

Introduction

1. This ruling amends paragraphs 3 and 7 of the Ruling.

Ruling

2. Amend paragraph 3 of the Ruling as follows:

3. A non-resident entity that carries on business as the owner or charterer of a ship or an aircraft may apply for the exemption specified in section 16 of the Act by submitting MIRA 307 (Application for Exemption under section 16 of the Business Profit Tax Act) form together with the information and documents specified therein to MIRA, in accordance with this ruling.

4. Amend paragraph 7(b) of the Ruling as follows:

(b) apply to payments made, or profits earned, on or after the date on which all the documents required under paragraph 6 of this ruling are submitted to MIRA.

Date of Effect

3. This ruling shall have effect from its date of issue.