Amounts derived by the following entities are treated as designated concession income:
- an entity that operates in Canada as an international banking centre under a law of Canada
- an entity that operates in Canada as a non-resident owned investment corporation under a law of Canada
- an entity that operates in France as a headquarters or coordination entity, or as a logistics centre under a law of France or by virtue of an administrative arrangement with the French authorities
- an entity that operates in France as a soci t d'investissement capital variable (SICAV) or as a soci t de capital risque (SCR) under a law of France
- an entity that operates in Germany as a headquarters or coordination entity under a law of Germany or by virtue of an administrative arrangement with the German authorities.
Amounts derived by the following entities and from the following activities are treated as designated concession income for statutory accounting periods of CFCs commencing before 1 July 1997.
Belgium
- Coordination centres
- Foreign sales corporations
- Distribution centres
Brazil
- Authorised investment funds
Bulgaria
- Entities in duty free zones
France
- Headquarters of foreign companies
Germany, Federal Republic of
- Management centres (Kontrollstellenerlass)
Greece
- Offshore companies
Hungary
- Banking activities of foreign financial institutions
Ireland, Republic of
- Income - including income from financial services and shipping - taxed at 10%
- Headquarters operations
Israel
- Foreign international trade companies
Luxembourg
- Holding companies
- Re-insurance business
- Coordination centres
Malaysia
- Inward re-insurance business
- Offshore insurance income
- Operational headquarters
Malta
- Offshore activities
Netherlands
- Headquarters of foreign companies
- Foreign sales corporation
Pakistan
- Air transport operations
Philippines
- Regional headquarters of multinational companies
- Offshore banking units
- Foreign currency deposit units
Portugal
- Madeira and Azores tax free zones
Singapore
- Asian currency units
- Approved securities companies
- Insurance and re-insurance of risks outside Singapore
- Gold bullion, gold features and financial futures
- Syndicated offshore credit and underwriting facilities
- Operational headquarters
- Offshore managed funds
- Oil futures concession
Solomon Islands
- Air transport operations
- Insurance business
Spain
- Headquarters of foreign companies
- Venture capital companies and funds
Sri Lanka
- Offshore banking services
- Income from services rendered outside Sri Lanka
Switzerland
- Holding companies
- Service or auxiliary companies
- Domiciliary companies
- Participation exemption
Tonga
- Offshore banking
Turkey
- Export incentives, including international transport earnings
Western Samoa
- International offshore centres