Specific Tax ( SPT) | PLT, PPT, VAT in Cambodia – Example 1
Example
Assume that ABC Company manufactured and sold Wine Brand Y. During April, ABC Company sold to the following customers:
- Local real regime company customers of $20,000 ( included any taxes).
- Local wholesaler customers of $10,000 ( included any taxes).
- Local final users of $5,000 ( included any taxes).
Required:
Calculate any taxes ?
Solution
1. Prepayment of Profit Tax (PPT)
PPT = (20,000 + 10,000 + 5,000)/1.1 x 1%=$318
2.Value Added Tax (VAT)
VAT = (20,000 + 10,000 + 5,000)/1.1 x 10%=$3,182
3. Specific Tax on Certain Merchandises (SPT)
SPT= [(20,000 + 10,000 + 5,000)/1.1/1.35] x 90% x 35%=$7,424
4. Public Lighting Tax (PLT)
PLT = = [(20,000 + 10,000 + 5,000)/1.1/1.03] x 3%=$927