I: Companies involved in maritime or air navigation or operating communication satellites

Profits made by maritime or air navigation companies established abroad from the operation of foreign ships or aircraft are exempt from tax provided that a reciprocal and equivalent exemption is granted to French companies of the same nature. The terms of the exemption and the taxes included in the exemption are set, for each country, by a diplomatic agreement and are the subject of a decree countersigned by the Minister…

Profits, determined in accordance with the conditions laid down in Article 57, from the operation of communication satellites located at geostationary orbital positions which are not owned by such undertakings shall not be considered as profits made in undertakings operated in France. .