6 November 2015
The government will scrap its
poorly regulated and grossly inefficient estimated-tax regime, which covers
mostly small enterprises, and bring all businesses in the Kingdom into the fold
of its more-stringent “real” tax regime, leaked documents show. The real regime
slots businesses into three brackets – small, medium and large taxpayers –
based on their annual turnover, with the tax rate for an incorporated entity
set at 20%.
Source:
http://www.phnompenhpost.com/business/government-revamp-porous-tax-code
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