(c) to (h) INCOME OTHER THAN DIVIDENDS AND INTEREST
See what has been said above (pages 69 et seq.) in connection with foreign enterprises, noting, however, that the income in question is taxable at reduced rates if earned and taxed abroad.
If the national enterprise is directed by an individual, professional tax alone is due, a reduced rate being applied to that part of the tax corresponding to profits earned and taxed abroad.
In the case of partnerships, the legal entity is liable to professional tax on profits placed to reserve, income of foreign origin being taxed at a lower rate than income of Belgian origin. Active partners are liable to professional tax on the sums distributed to them, including any interest on capital they have invested in the partnership. A reduction of rate is allowed in respect of parts of these sums which represent profits taxed and earned abroad. Sleeping partners (bailleurs de fonds or commanditaires) pay tax on income from personal property, subject to the same reduction of rate on foreign income.
The same principle (reduction of rate) applies to profits placed to reserve by share companies (sociétés anonymes) and limited partnerships with share capital (sociétés en commandite par actions); in the case of distributed profits (dividends), personal tax is imposed at a reduced rate on that proportion of income from shares corresponding to profits earned and taxed abroad.