Salary Tax

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Spigzy
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Re: Salary Tax

Post by Spigzy »

https://www.dfdl.com/resources/cambodia ... ry-tables/

If your friend is in a job paying over $3k (roughly) then 20% is the correct rate.
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GMJS-CEO
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Re: Salary Tax

Post by GMJS-CEO »

Spigzy wrote: ↑Wed Apr 26, 2023 6:20 pm https://www.dfdl.com/resources/cambodia ... ry-tables/

If your friend is in a job paying over $3k (roughly) then 20% is the correct rate.
They would pay a blended rate, I.e. they would pay 15% on dollars 2.5k to 3k and 20% on dollars 3,001 and up. I just made up the 2.5k level for example purposes, didn’t calculate actual
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cautious colin
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Re: Salary Tax

Post by cautious colin »

Non resident is 20%

Resident is tiered from 0 to 20%

If he has lived in the country then he is resident and therefore tiered
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Freightdog
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Re: Salary Tax

Post by Freightdog »

cautious colin wrote: ↑Wed Apr 26, 2023 8:40 pm Non resident is 20%

Resident is tiered from 0 to 20%

If he has lived in the country then he is resident and therefore tiered
Do you know by any chance what the tiers, breakpoints are?
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Sheepdog
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Re: Salary Tax

Post by Sheepdog »

Hey all. I copy and pasted this from a Google sheet we got from our finance department to calculate/ double check our tax. It's a bit messy soz, but I'm too lazy to attach or crop a pic, but the bands are there

From To
Amount USD Amount USD Percentage Minus
($ -  ) ($ 325.00) 0% ($ -  )
($ 325.00) ($ 500.00) 5% ($ 16.25)
($ 500.00) ($ 2,125.00) 10% ($ 41.25)
($ 2,125.00) ($ 3,125.00) 15% ($ 147.50)
($ 3,125.00) Over 20% ($ 303.75)
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cautious colin
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Re: Salary Tax

Post by cautious colin »

Sheepdog wrote: ↑Wed Apr 26, 2023 9:34 pm Hey all. I copy and pasted this from a Google sheet we got from our finance department to calculate/ double check our tax. It's a bit messy soz, but I'm too lazy to attach or crop a pic, but the bands are there

From To
Amount USD Amount USD Percentage Minus
($ -  ) ($ 325.00) 0% ($ -  )
($ 325.00) ($ 500.00) 5% ($ 16.25)
($ 500.00) ($ 2,125.00) 10% ($ 41.25)
($ 2,125.00) ($ 3,125.00) 15% ($ 147.50)
($ 3,125.00) Over 20% ($ 303.75)
Thi k it's been updated since then. The beginning is around $370

The rest is the same

Edit, 360$

Image
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John Bingham
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Re: Salary Tax

Post by John Bingham »

So if you earn $2050 a month you pay $205 but if you earn $2055 its $308. Good to know.
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cautious colin
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Re: Salary Tax

Post by cautious colin »

John Bingham wrote: ↑Thu Apr 27, 2023 1:12 am So if you earn $2050 a month you pay $205 but if you earn $2055 its $308. Good to know.
Nah, you go through the stages so you would only pay $1 more

Also, obviously based on riel, so the tax paid each month will be slightly different
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Bluenose
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Re: Salary Tax

Post by Bluenose »

John Bingham wrote: ↑Thu Apr 27, 2023 1:12 am So if you earn $2050 a month you pay $205 but if you earn $2055 its $308. Good to know.
Pretty sure the different rates are charged on the different portions, so the 15% rate only applies to however much above $2050 you earn
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Kammekor
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Re: Salary Tax

Post by Kammekor »

Freightdog wrote: ↑Wed Apr 26, 2023 5:40 pm
Kammekor wrote: ↑Wed Jan 04, 2023 1:26 pm Why not let your friend contact one of the larger accountancy firms? They can answer all his specific questions with a certainty this forum can't offer unless someone has recently been in the same situation and found it all out.
Most large accountancy firms will give you a free 'welcome meeting' for 15-30 minutes so it's not very costly to find the correct legal answers.
Would you have any names or details of such firms that are reputable and reliable?
I used PWC back in the days, they offered the first 30 minutes free of charge.
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