Withholding Tax
Withholding Tax on Interest Payment by Resident Bank or Saving Institution Taxpayers This withholding tax is applied for local banking sector in Cambodia. When you deposited (lent) to Bank in Cambodia, so it means that you are saver or investor while bank is borrower. You will get interest income while bank in Cambodia will pay interest expense to you. For
Continue reading Withholding Tax on Interest Payment to Resident Non-Bank or Saving Institution Taxpayers Withholding Tax on Interest Payment to Resident Non-Bank or Saving Institution Taxpayers is taxable at 15%. If your company borrows loan from friend, family or other companies except borrowing from banking institution, so you must withhold tax before payment of interest to them. Example 1 Assume that ABC
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Withholding tax on service for resident physical person Any resident taxpayer carrying on business and who makes any payment in cash or in kind to a resident physical person, so taxpayers need to withhold tax before payment if resident physical persons provide services to taxpayers. This tax is withheld on service, but not goods or product. Example 1 Mr. A
Continue reading Summary for withholding tax on resident and non-resident Withholding Tax on Resident Any resident taxpayer carrying on business and who makes any payment in cash or in kind to a resident paxpayer shall withhold, and pay a tax, an amount according to the below mentioned rates which are applied to the amount paid before withholding the tax: – Performance of
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