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HMRC internal manual

Double Taxation Relief Manual

DT: Thailand: Underlying Tax

(1) DOCUMENTS NEEDED TO SUPPORT THE UNDERLYING TAX CLAIM

The accounts and the first page of the income tax form showing the tax assessed [the amount entered in sub-heading (2)].

(2) LEGAL RESERVE

Relevant profits are reduced by transfers of 5% of annual profit until the reserve reaches 10% of share capital.

(3) SPARED TAXES

Credit is available for spared taxes (see DT18656). Attach a copy of the certificate granting tax spared status and the relevant page(s) of the company’s tax computation showing the spared tax.