What is the withholding tax rate in Cambodia?

What is the withholding tax rate in Cambodia?

14%
Under the Law on Financial Management 2017, which is effective from 1 January 2017 onwards, any resident taxpayer carrying on a business, including a PE of a non-resident person, who pays any Cambodian-source income as defined under Article 33 of the Law on Taxation to a non-resident taxpayer must withhold tax at 14% …

Do expats pay tax in Cambodia?

But in practice a large percentage of Cambodians and expats alike do not pay taxes on their incomes. For tax purposes, people are considered residents of Cambodia if they have a principal place of abode in Cambodia or are present more than 182 days in the country in any 12-month period ending in the current tax year.

What is the tax system in Cambodia?

There is no personal income tax, per se, in Cambodia. Instead, a monthly salary tax is imposed on individuals who derive income from employment. A Cambodian resident’s worldwide salary is subject to Cambodia salary tax, while non-residents are taxed on Cambodian-sourced salary.

How many types of taxes are there in Cambodia?

The standard corporate tax rate in Cambodia is 20%. Oil and gas, and a business of mineral exploitation activities are subject to a 30% tax rate. Insurance is granted 5% tax rate. Dividend 14% Rent 10% 14% Interest 15% 14% Royalty 15% Service fee 15% Management fee 14% Cambodia has no Capital Gains Tax.

Does Cambodia have tin?

Under Cambodian tax law, offsetting input VAT with output VAT is effectuated in the VAT return of the taxpayer, subject to verification by the TD. The VAT returns are specific per taxpayer. Each taxpayer has a unique Taxpayer Identification Number (“TIN”) which features on the VAT return.

Is there Vat in Cambodia?

Value-added tax (VAT) VAT is applicable to self-declaration regime entities and is charged at 10% on the value of the supply of most goods and services. Exported goods and services rendered outside Cambodia are zero-rated.

What is the import tax in Cambodia?

10 percent
Cambodia charges a flat 10 percent value added tax (VAT) on all imported goods. Cambodia also charges a special tax on certain imported goods. Cambodia levies an export tax on goods leaving the country which ranges between 0 and 50 percent.