Tax on Profit

Top Trading Group Co.,Ltd is merchandising company, and company has two major products. Under the tax regulations, Top Trading Group Co.,Ltd is required to calculate and pay annual Tax on Profit. The following extracts of transactions for financial statement in relation to the tax year ended 31 December 2016. The assumptions for company are as follows: Net profit/(Loss) after

Top Trading Group Co.,Ltd is merchandising company, and company has two major products. Under the tax regulations, Top Trading Group Co.,Ltd is required to calculate and pay annual Tax on Profit. The following extracts of transactions for financial statement in relation to the tax year ended 31 December 2016. Top Trading Group Co.,Ltd   Income Statement   For 2016

PEB IMPORT & EXPORT Co.,Ltd  is local company that makes accounting transactions locally and overseas, and company buys and sells  two major goods such as cars and computers , but cars are imported from overseas while computers are bought from local market. Under the tax regulations, PEB IMPORT & EXPORT Co.,Ltd  is required to calculate and pay annual Tax

XYZ is a company incorporated in Cambodia since 2012. XYZ purchases and sells goods to local customers and distributers. Under the tax regulations, XYZ is required to calculate and pay annual Tax on Profit. The following extracts for equity, liability, sales, profit and costs of goods sold have been provided by XYZ’s accountant in relation to the tax year ended

ABC is a new company incorporated in Cambodia in 2016. ABC purchases and sells house appliances to local customers and distributers. Under the tax regulations, ABC is required to calculate and pay annual Tax on Profit. The following extracts for total costs and other information have been provided by ABC’s accountant in relation to the tax year ended 31

The Tax on Profit is the debt of a resident taxpayer on income from Cambodian sources and from foreign sources. For a non-resident taxpayer, this tax is assessed on income from Cambodian sources only. The rates of the Tax on Profit: The tax rates on the annual profit are as follows: 20 percent for the profit realized by a