How to Calculate Tax on Income (profit)
How to Calculate Tax on Income (profit) for Small Taxpayers
Taxable Income Base = Total turnovers excluding VAT for current year -cost of goods sold/ cost of service -current expenses – tax depreciation.
Taxable income(profit) based on progressive tax rate as follows.
| Parts of the annual taxable profit | Tax rate | P= Taxable Profit |
| From 0 to 12,000,000 KHR
(Approximate: USD 3,000) |
0% | 0 |
| From 12,000,001 KHR to 18,000,000 KHR
(Approximate: USD 3,000 to USD 4,500) |
5% | P x 5% – 600,000 KHR |
| From 18,000,001 KHR to 102,000,000 KHR
(Approximate: USD 4,500 to USD 25,500) |
10% | P x 10% – 1,500,000 KHR |
| From 102,000,001 KHR to 150,000,000 KHR
(Approximate: USD 25,500 – USD 37,500) |
15% | P x 15% – 6,600,000 KHR |
| Greater than 150,000,000 KHR
(Approximate: above USD 37,500) |
20% | P x 20% – 14,100,000 KHR |