Taxation of international executives
Are there security/social insurance taxes in Cambodia? If so, what are the rates for employers and employees?
The employer shall pay a contribution at 0.8 percent rate of the average monthly wage of the employees.
Are there any gift, wealth, estate, and/or inheritance taxes in Cambodia?
Are there real estate taxes in Cambodia?
Real Estate Tax, known as Tax on Immovable Properties (TIP), will be collected every year at the rate of 0.1 percent on the value of the immovable property that is over KHR100,000,000 (approximately USD25,000). Further, the tax calculation base is the market value, to be assessed by the Ministry of Economy and Finance, less KHR100,000,000 (approximately USD25,000). The deadlinef or paying the TIP is 30 September each year.
Certain immovable properties are exempted from paying the TIP such as:
Are there sales and/or value-added taxes in Cambodia?
Yes. The standard value-added tax at 10 percent is applicable for taxable supplies made in Cambodia.
Are there unemployment taxes in Cambodia?
Are there additional taxes in Cambodia that may be relevant ot the general assignee? For example, customs tax, excise tax, stamp tax, and so on.
The total value of fringe benefits provided to the employee is taxable to the employer at the rate of 20 percent. The taxable value of fringe benefits is the fair market value inclusive of all taxes.
Fringe benefits include:
© 2017 KPMG Cambodia Ltd, the Cambodian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.