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Equation in Accounting Profit
Accounting Profit = Accounting Revenue – Accounting Expense
Equation in Tax Profit
Tax Profit = Taxable income – Tax Deductible Expense = Accounting Profit + tax non deductible expenses- tax deductible expense + taxable income -non taxable income
Tax on Income = tax profit x 20%
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (ACAR Decision N0. 014), member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (license number C-00085) and tax agent from General Department of Taxation (license number TA202204002).
This Publication is intended for general guidance only and should not form the basic of specific decisions.
Should you need any further information or support, please contact us at: accounting@advancegroupkh.com (accounting), audit@advancegroupkh.com (audit), tax@advancegroupkh.com (tax) and number and telegram 085 36 8888 and 070 399 888.
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