Sub-Decree No.196 ANKr.BK dated 28 September 2022 issued by the Royal Government of Cambodia on “New Annual Tax on Income and Monthly Tax on Salary Thresholds”October 1, 2022
The Sub-Decree specifies new Tax on Income (“TOI”) thresholds for the taxable income earned by physical persons, sole proprietorships, and the distributive share of each member of a partnership that is not classified as a legal entity. In addition, the Sub-Decree sets out new Tax on Salary (“TOS”) thresholds for salary income.
The new annual TOI income thresholds are as follows:
|No.||Threshold of Income Subject to TOI (KHR)||Tax Rate|
|1||From 0 to 18,000,000||0%|
|2||From 18,000,001 to 24,000,000||5%|
|3||From 24,000,001 to 102,000,000||10%|
|4||From 102,000,001 to 150,000,000||15%|
The new monthly TOS thresholds are as follows:
|No.||Threshold of salary subject to TOS (KHR)||Tax Rate|
|1||From 0 to 1,500,000||0%|
|2||From 1,500,001 to 2,000,000||5%|
|3||From 2,000,001 to 8,500,000||10%|
|4||From 8,500,001 to 12,500,000||15%|
This Sub-Decree enters into effect on 1 January 2023.