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On December 27, 2022, Ministry of Economy and Finance (MEF) issued Instruction No. 017 MoEF on Implementation of new rate of tax on salary.
This instruction is line with Sub-decree 196 dated 28 September 2022. Read more here of Sub-decree 196.
The deduction of for each dependent child and housewife spouse shall be 150,000 Riels per month. In particular, for workers/employees of factories/enterprises, taxable salary shall be deducted further by the benefits received from performing their work as stipulated in Circular 011 MEF dated 6 October 2016.
To calculate salary tax of the resident employees, salary tax calculation basis must be figured out by taking the total taxable salary to minus allowance for spouse and dependent children. Then tax on salary is equal to tax base multiplied by tax rate minus difference-over-tax-amount.
| Taxable parts of monthly salary | Tax rate | Difference over tax amount |
| From 0 Riels to 1,500,000 Riels | 0% | 0 Riel |
| From 1,500,000 Riels to 2,000,000 Riels | 5% | 75,000 Riels |
| From 2,000,000 Riels to 8,500,000 Riels | 10% | 175,000 Riels |
| From 8,500,000 Riels to 12,500,000 Riels | 15% | 600,000 Riels |
| More than 12,500,000 Riels | 20% | 1,225,000 Riels |
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (ACAR Decision N0. 014), member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (license number C-00085) and tax agent from General Department of Taxation (license number TA202204002).
This Publication is intended for general guidance only and should not form the basic of specific decisions.
Should you need any further information or support, please contact us at: accounting@advancegroupkh.com (accounting), audit@advancegroupkh.com (audit), tax@advancegroupkh.com (tax) and number and telegram 085 36 8888 and 070 399 888.
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