DT12758 - Malaysia: Tax spared

The agreement provides for credit to be given for tax spared' (see [/manual/international-manual/intm161270](https://www.gov.uk/hmrc-internal-manuals/international-manual/intm161270) and [/manual/international-manual/intm161280](https://www.gov.uk/hmrc-internal-manuals/international-manual/intm161280)) in Malaysia under the provisions of Malaysian law set out in Article 24(4). Credit relief in the UK in respect of tax spared’ specified at Article 24(4) will not be given for a period of more than 10 years in respect of income or profits from a particular source. In any event, relief will not be given in respect of profits, income or chargeable gains which arise or accrue after 31 December 2005 - Article 24(5).

All amounts of `tax spared’ for which credit relief is given should be reported as mentioned at /manual/international-manual/intm161290.