The government has amended the taxable thresholds for the Annual Tax on Income and Monthly Tax on Salary according to Sub-decree No. 196. In accordance with Sub-decree No. 196, it will come into effect on January 1, 2023. Sub-Decree No. 196 has the following purposes:
- To determine the table of taxable thresholds for annual tax on income which is realized by the normal persons, sole proprietorships, partnerships and on the distributive shares of partners in a partnership that are not classifies as a legal person under the Law on Taxation.
- To amend the table of thresholds on monthly Tax on Salary for resident employees who are based in Cambodia.
The tables of thresholds on taxable Income and Salary are set below:
- The threshold of taxable Income as mentioned in (1) above are as follow:
|
No. |
The Thresholds of Annual Taxable Income |
Tax Rate |
|
|
|
KHR |
USD (Approx.) |
|
|
1. |
From KHR 0 to KHR 18,000,000 |
From USD 0 to USD 4,500 |
0% |
|
2. |
From KHR 18,000,001 to KHR 24,000,000 |
From USD 4,500 to USD 6,000 |
5% |
|
3. |
From KHR 24,000,001 to KHR 102,000,000 |
From USD 6000 to USD 25,500 |
10% |
|
4. |
From KHR 102,000,001 to KHR 150,000,000 |
From USD 25,500 to USD 37,500 |
15% |
|
5. |
Over KHR150,000,000 |
Over USD 37,500 |
20% |
- The thresholds of taxable salary as mentioned in (2) above, are as follow:
|
No. |
The Thresholds of Monthly Taxable Salary |
Tax Rate |
|
|
|
KHR |
USD (Approx.) |
|
|
1. |
From KHR 0 to KHR 1,500,000 |
From USD 0 to USD 375 |
0% |
|
2. |
From KHR 1,500,001 to KHR 2,000,000 |
From USD 375 to USD 500 |
5% |
|
3. |
From KHR 2,000,001 to KHR 8,500,000 |
From USD 500 to USD 2,125 |
10% |
|
4. |
From KHR 8,500,001 to KHR 12,500,000 |
From USD 2,125 to USD 3,125 |
15% |
|
5. |
Over KHR12,500,000 |
Over USD 3,125 |
20% |
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