Reforms raise income tax floor to $200

Workers in Cambodia will pay less income tax from January as the governrnent raises it’s lowest tax threshold from 500,000 riel ($125) to 800,000 riel {$200).

Previously, the lowest monthly income tax bracket, which was taxed at 5 per cent, started at $125 and went to $312.50. Following an announcement from the General Department of Taxation on Thesday, the floor for taxable income will rise to $200 per month.