(e) Rents from Real Estate, Mining Royalties and Similar Income
50. Such income is, as a rule, subject, on the basis of a declaration, to income tax if the beneficiary is an individual or partnership, or to the company tax in all other cases. The only exception is that royalties paid to a non-resident company which are computed as a percentage of the whole profit of the exploiting company and are taxed as a part of such profit are not taxed again as income of the recipient. Such royalties received by a foreign individual or partnership may, however, be taxed again, as the Income-Tax Ordinance does not contain an exemption for the recipient of royalties which have been taxed at source.