1st Subsection: Determination of net profits or income for the various categories of income

Interest on special series of current account Treasury bills denominated in euros which are reserved for international organisations, foreign sovereign States, central banks or the financial institutions of such States is exempt from the levy provided for in article 125 A. The characteristics of these special issues of Treasury bills are set by order of the Minister for the Economy and Finance.

I. – Income from shares, corporate units or profit shares distributed by French companies, as well as income mentioned in article 118 which benefit international organisations, foreign sovereign States or the central banks of these States, are exempt from the withholding taxes provided for in 1 and 2 of l’article 119 bis et du prélèvement prévu au III de article 125 A. These investments must not constitute a direct investment…