Pwc cambodia pocket tax book

Corporate income tax cit tax rates enterprises generally companies are subject to the tax rates imposed under the cit law. Negative list of the industry catalogue guide for foreign investment is further shortened to deepen the opening up to. The majority of foreign investors will fall into the real regime. A new double tax treaty between thailand and cambodia came into force on 26. Over the past two years, the general department of taxation gdt has eliminated the different estimated and real regime systems of taxation and moved to a single taxation regime referred to as the selfdeclaration regime, which is a formalized system of taxation and incentives, with taxpayers being subject to audits. Losses arising from incentivised activities can be offset against pro. A minimum tax liability can be reduced by prepayment of tax on profit payments. Pdf pwc vietnam pocket tax book 2019 en lam tan kiet. Taxation of dividends dividends paid to cambodian shareholders are not taxable. Cambodia pocket tax book 2010 7 pricewaterhousecoopers tax on profit scope of taxation cambodia s taxation rules vary according to the taxpayers regime. If a company distributes dividends from retained earnings that have not been. Tax relief for this new taxpayer category compared to ordinary taxpayers includes a lower corporate income tax of 15%, faster depreciation, and unlimited. All rights are reserved under all applicable existing and future law, statutes, treaties and conventions for the.

The pocket tax book is one of our most popular annual publications. Public companies that satisfy a minimum listing requirement of 40% and other conditions are entitled to a tax cut of 5% off the standard rate, giving them an effective tax rate of 20% refer to page 69. The standard cit rate was reduced from 25% to 22% from 2014 and 20% from 2016. Pwc indonesia indonesian pocket tax book 2019 1 corporate income tax corporate income tax tax rates generally, a flat rate of 25% applies. Taxpayers need a current guide, such as the worldwide corporate tax guide, in such a shifting tax landscape, especially if they are contemplating new markets. Minimum tax is due 3 months after the tax year end. Losses from the transfer of real estate and the transfer of investment projects can be offset against pro. Real regime taxpayers will include most large or incorporated taxpayers. This tax book has been prepared for general information and assistance for those investing in cambodia.

As a separate tax to the tax on profit, minimum tax is due irrespective of the taxpayers profit or loss position. Pwc cambodia has extensive practical experience advising on cambodian tax issues as well as on international tax matters. Over the past two years, the general department of taxation gdt has eliminated the different estimated and real regime systems of taxation. Foreign companies without a pe in indonesia have to settle their tax liabilities for their indonesiansourced income through withholding of the tax by the indonesian party paying the income.