B. NATIONAL ENTERPRISES WITH BRANCHES OR SUBSIDIARIES ABROAD
I. GENERAL METHODS OF ALLOCATION
National enterprises which make profits from separate establishments abroad have to attach to their annual declaration a copy of the separate balance-sheets and profit-and-loss accounts of these establishments (Article 54, paragraphs 1, (3), 2).
For the rest, reference may be made to page 60 “National Enterprises operating abroad”.
II. ALLOCATION OF PROFITS TO REAL CENTRE OF MANAGEMENT WITHIN THE COUNTRY
In this matter, the revenue authorities rely upon the accounts, if these appear to be in order, and if the accounts show that all the profits are of foreign origin, the law forbids any part of them being ascribed to the real centre of management.