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 deadline for paying the TIP is 30 September each year.
Certain immovable properties are exempted from paying the TIP such as:
In addition, there is a 4 (four) percent property transfer tax on the transfer of title of certain assets, such as land, buildings and all kinds of means of transportation and vehicles. The four percent tax is imposed on the transferred value and payable by the party acquiring the asset (within three months from the date of execution of the agreement to transfer the title).
Are there sales and/or value-added taxes in Cambodia?
Yes. Taxable supplies attract Value Added Tax (VAT) at either the standard rate of 10% or the zero rate. The zero rate applies to export of goods and services and certain charges in relation to international transport of people and goods. Also, this zero rate is applicable
VAT on certain supply and import of certain agricultural products and daily basic foods for people shall be borne by the State (i.e. State Charges).
In addition, certain items are exempt from VAT (subject to approval from the Ministry of Economy and Finance).
Are there unemployment taxes in Cambodia?
Are there additional taxes in Cambodia that may be relevant
There should be no other additional taxes as listed above applied to the assignee.
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:
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