The Ministry of Economy and Finance has issued Prakas No. 543 on Tax on Salary dated 8 September 2021.
This purpose of this Prakas is to adjust and update various Prakas and regulations related to tax on salary in response to the rapidly growing Cambodian economy and ensures the effectiveness of tax collection.
This Prakas explains the main definitions regarding salary, fringe benefits.
Taxable salary is all salary income received from performing work, except fringe benefits as stated in this Prakas. The monthly taxable salary is determined as follows:
For resident employees, including:
For non-resident employees, taxable salaries include salaries from Cambodian sources
Based on the evidence of family status, any resident employee with:
Fringe benefits provided by the employer directly or indirectly to a natural person for work that natural person performs for the benefits of the employers are subject to tax on additional benefits. These benefits include:
Prakas 1173 MEF.PD.BrK dated 31 December 2003 on Tax on Salary and all regulations contrary to this Prakas shall be abrogated.
Advance Grand Formula Co., Ltd is a Cambodian tax agent under license number – TA202204002.
Should you need any further information or tax support, please contact us at: email@example.com.
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: firstname.lastname@example.org (accounting), email@example.com (audit), firstname.lastname@example.org (tax) and number and telegram 085 36 8888 and 070 399 888.