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HMRC internal manual

Double Taxation Relief Manual

HM Revenue & Customs
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Venezuela: Underlying Tax

(1) Documents needed to support the underlying tax claim

The accounts showing the profits out of which the dividend was made and the first two pages of the company tax declaration (D201 - Declaracion de Rentas) showing the tax assessed will be required by the Underlying Tax Group.

(2) Reserves

Relevant profits are reduced by transfers to:

  • Re-investment (Reserva Afectada a Reinversion)
  • Legal reserve until it reaches 10% of authorised capital.

(3) Spared taxes

A copy of the certificate granting tax spared status and the relevant page(s) of the company’s tax computation showing the spared tax should be included with the documents above and sent to the Underlying Tax Group.