62 ก ก ! ก"# 10110 & 0-2229-2938-46 &, 0-2359-1258
62 The Stock Exchange of Thailand Bldg., Rachadapisek Rd. Klongtoey
Bangkok 10110 Tel. (66) 2229 2938-46 Fax. (66) 2359 1258
TNVDR 195 / 2011
28 November 2011
Dear NVDR holders,
Subject : Notice on additional NVDRs and withholding tax payment of UOBKH-R
In UOB Kay Hian Securities (Thailand) pcl (UOBKH) Extraordinary General Meeting No. 2/2011 on November 4, 2011, UOBKH
informed a stock dividend payment and withholding tax payment which was paid up by UOBHK (UOBHK will pay for its
shareholders in every period the withholding tax was made from income calculation or know as 5permanently paid up tax6). Then,
Thai NVDR Co., Ltd. (Thai NVDR) would like to inform the details of substituted dividend payment (additional NVDRs) and
permanently paid up tax, together with example, are as follows:
Date of closing the register book
: September 7, 2011
Date of substituted dividend payment : December 6, 2011
Rate of substituted dividend payment : THB 0.42 and permanently paid up tax
Rate of additional NVDRs
: THB 0.42 per unit
Proportion of additional NVDRs
: 1 : 0.42 in case that there is a fraction of NVDR unit remaining, an additional
NVDRs at one unit will be calculated instead
Case 1 : No fraction of additional NVDRs remaining
Example : Mr.A currently holds 1,000 units of UOBKH-R. He will receive additional NVDRs and
permanently paid up tax as follows:
Types of Payment
1. According to Section 40 (4) (A), substituted
dividend payment.
2. Permanently paid up tax.
Total Income
Paid up Money
(THB)
420.00 Withholding Tax
(THB)
46.67 Actual amount after
deducted (THB)
420.00 46.67 466.67 0.00
46.67 0.00
420.00 Amount of additional NVDRs that Mr.A will receive = 420 units (Using the ratio of 0.42 additional NVDRs per unit * 1,000 units)
Value of additional NVDRs
Permanently paid up tax
Total income
Withholding Tax
Net income
=
420 units * par value (THB1.00/unit)
=
=
=
+
= 420.00+46.67
(Permanently paid up tax)
(Value of additional NVDRs)
=
=
=
=
=
THB 420.00
THB 46.67
THB 466.67
THB 46.67
THB 420.00
-2Case 2 : There is a fraction of additional NVDRs unit remaining
Example : Mr.B currently holds 1 unit of UOBKH-R which will receive additional NVDRs and
permanently paid up tax as follows:
Types of Payment
1. According to Section 40 (4) (A), substituted
dividend payment.
2. Permanently paid up tax.
Total Income
Paid up Money
(THB)
1.00 Withholding Tax
(THB)
0.11 Actual amount after
deducted (THB)
1.00 0.11 1.11 0.00
0.11 0.00
1.00 Amount of additional NVDRs that Mr.B will receive = 1 unit (Using the ratio of 0.42 additional NVDRs per unit * 1 unit,
rounding up the resulting fraction)
Value of additional NVDRs
Permanently paid up tax
Total income
Withholding Tax
Net income
=
1 unit * par value (THB1.00/unit)
=
=
=
+
= 1.00+0.11
(Permanently paid up tax)
(Value of additional NVDRs)
=
=
=
=
=
THB
THB
THB
THB
THB
1.00
0.11
1.11
0.11
1.00
For more details, please visit the NVDR website at http://www.set.or.th/nvdr/en/news/others_all.html. Should you need more
information, please call 02-229-2900 Ext. 2938-46 or contact the following email address : [email protected]
Sincerely yours,
Thai NVDR Company Limited
Pichaya Chomchaiya (Ms.)
Head Depository Department
The Stock Exchange of Thailand
Enclosure : Calculation of permanently paid up tax complying with The Revenue DepartmentFs terms and conditions.
Enclosure
Calculation of permanently paid up tax complying with The Revenue Department(s terms and conditions *
Case 1 : No fraction of additional NVDRs remaining
Example
Mr.AFs income from the value of additional NVDRs totals THB 420.00; withholding tax of 10 % = THB 42.00
Mr.AFs income from permanently paid up tax totals THB 42.00; withholding tax of 10 %
= THB 4.20
Mr.AFs income from permanently paid up tax totals THB 4.20; withholding tax of 10 %
= THB 0.42
Tax calculation will be periodically made until the final number was zero as following example:
Income (THB)
420
42
4.2
0.42
0.042
0.0042
0.00042
0.000042
0.0000042
0.00000042
0.000000042
0.0000000042
0.00000000042
0.0000000000042
Total of withholding tax
Withholding Tax (THB)
42
4.2
0.42
0.042
0.0042
0.00042
0.000042
0.0000042
0.00000042
0.000000042
0.0000000042
0.00000000042
0.0000000000042
0.00000................
46.67
Remarks: Thai NVDR has already posted this information letter in (http://www.set.or.th/nvdr/en/news/others_all.html)
* Since the company pays the withholding tax on behalf of the unit holder, such withholding tax is the same
as income to the unit holder. Therefore, withholding tax must be paid on that income. This goes on until the
withholding tax due is zero.
Enclosure
Calculation of permanently paid up tax complying with The Revenue Department(s terms and conditions* (Continued)
Case 2 : There is a fraction of additional NVDRs unit remaining
Example
Mr.BFs income from the value of additional NVDRs totals THB 1.00; withholding tax of 10 % = THB 0.10
Mr.BFs income from permanently paid up tax totals THB 0.10; withholding tax of 10 %
= THB 0.01
Mr.BFs income from permanently paid up tax totals THB 0.01; withholding tax of 10 %
= THB 0.001
Tax calculation will be periodically made until the final number was zero as following example:
Income (THB)
1
0.10
0.01
0.001
0.0001
0.00001
0.000001
0.0000001
0.00000001
0.000000001
0.0000000001
0.00000000001
0.000000000001
0.0000000000001
Total of withholding tax
Withholding Tax (THB)
0.10
0.01
0.001
0.0001
0.00001
0.000001
0.0000001
0.00000001
0.000000001
0.0000000001
0.00000000001
0.000000000001
0.0000000000001
0.00000................
0.11
Remarks: Thai NVDR has already posted this information letter in (http://www.set.or.th/nvdr/en/news/others_all.html)
* Since the company pays the withholding tax on behalf of the unit holder, such withholding tax is the same
as income to the unit holder. Therefore, withholding tax must be paid on that income. This goes on until the
withholding tax due is zero.