DT6402 - Ecuador: Underlying Tax

 (1) Documents needed to support the underlying tax claimThe accounts showing the profits used to pay the dividend and the company tax declaration (Declaracion del Impuesto Sobre la Renta) showing the tax payable on these profits used will be required by the Underlying Tax Group.

 (2) Reserves

Relevant profits are reduced by transfers of 10% of the annual net profit to a legal reserve until that reserve is equal to 50% of the subscribed capital.