You are correct, as the rulebook says on page 25:
“A power collects the indicated bonus IPCs during each of its Collect Income phases if the condition for that bonus has been met, unless otherwise specified.”
@Brain:
if i want to play with my grandparents i HAVE to be the axis…they refuse to play if they have to be japan or germany
My grandparents actually fought against the Germans
I set up the board one time for my Grandpa who was based on Tuvalu Island in the Solomons; he took one look at it, smiled, and shook his head. “WWII was no boardgame, son.”