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• Corporate income tax is levied on taxable net profit from the Company’s revenues after expense deduction
as prescribed in the Revenue Code.

• Withholding tax is immediately deducted from the Company’s payment to the payee at the rate specified
by law. The Company has remitted the deducted amount to the Revenue Department according to the
conditions stated in the Revenue Code.
• Specific business tax is levied on most of the Company’s revenues from business operation, such as
Bangkok Commercial Asset Management Public Co., Ltd.
interest income which is subject to specific business tax. The Company puts in place systematic work
process to ensure information available for complete, correct and timely payment of specific business tax.
• Value-added tax (VAT) is levied on the Company’s sales and service provision within the scope of VAT
(output tax). VAT settlement is based on the offsetting between output tax and VAT on expenses (input tax).
The Company’s centralized tax data system ensures that its tax payment is carried out accurately.
• Land and building tax is levied on the person/party owning or possessing or making use of the land or
building. The tax rates depend on the utilization of such land or building. The Company has remitted the

tax accurately according to the tax assessment form.
• Duty stamp is chargeable on an instrument or contract as specified in the duty stamp rate list.
The Company has controlled and ensured accurate duty stamp payment.
• Signboard tax is chargeable on advertising signboards at the rates prescribed by law. The Company has
controlled and ensured accurate signboard tax payment.

The Company puts in place internal control with clear segregation of duties, responsibilities and reporting lines
of all tax-functional departments in compliance with the corporate governance principles, formulates operation
processes and administration of each type of taxes so that all relevant departments acknowledge and follow the same

standards, and makes available the accounting control system for all types of taxes to ensure complete, accurate and
reliable information which would prevent damage to the Company.
4.3 Tax transparency
The Company gives importance to business operation according to the corporate governance principles. Its tax
administration is based on righteousness as prescribed by law and with transparent and adequate disclosure of
information in the best interests of its stakeholders. Details are as follows:
4.3.1 Disclosure of tax information is compliant with the relevant laws as well as disclosure of information
in the Company’s financial reports according to the accounting standards.
4.3.2 The Company is ready to cooperate with the tax agency and prepares information as requested by
the tax agency.

5. Review of the policy

The Accounting Department is in charge of the review of this policy at least once a year and when there are any
changes, which is accordingly subject to the consideration and scrutiny by the Executive Board and the consideration
and approval by the Board of Directors.