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CONTENTS

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PART I. — GENERAL DESCRIPTION OF INCOME-TAX SYSTEM1
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PART II. — METHODS OF TAXING FOREIGN AND NATIONAL ENTERPRISES
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PART III. — METHODS OF ALLOCATING TAXABLE INCOME
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A. FOREIGN ENTERPRISES WITH LOCAL BRANCHES OR SUBSIDIARIES
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I. GENERAL QUESTIONS AND METHODS OF APPORTIONMENT
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II. APPLICATION OF THE METHODS OF ALLOCATION IN SPECIFIC CASES
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(a) INDUSTRIAL AND COMMERCIAL ENTERPRISES
   
(b) BANKING ENTERPRISES
   
(c) INSURANCE ENTERPRISES
   
(d) TRANSPORT ENTERPRISES
   
(e) POWER, LIGHT AND GAS ENTERPRISES
   
(f) TELEGRAPH AND TELEPHONE ENTERPRISES
   
(g) MINING ENTERPRISES
   
B. NATIONAL ENTERPRISES WITH BRANCHES OR SUBSIDIARIES ABROAD
   
C. HOLDING COMPANIES
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Annex


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(b) Computation of Tax and Abatements

34. The tax is computed on the total net taxable income of the company at a proportional rate plus a surcharge (also proportional) on the preceding rate (see Annex).

35. No abatements are allowed against the tax. For double taxation relief, see paragraph 31.

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