Import and Export Taxes: How to Calculate Tax in Cambodia


Import and Export How to Calculate Tax in Cambodia
Import and Export How to Calculate Tax in Cambodia

Import and export taxes in Cambodia. How to calculate tax in Cambodia

As a businessman, you need to know the import and export and learn to charge taxes yourself, because all imports and exports are taxed, so do not find it difficult. Here’re how to calculate taxes:

Taxes and duties on imported and exported goods are calculated using the following methods:

For general merchandise
Calculation of tax, tax must be calculated in order, first, import tax, special tax (if any) and value added tax

Related: Which Corporate Giants Pay The Most In Taxes in Cambodia?

Import duty = Customs duty x Import tax rate
Special tax = (customs duty + import tax) x Special tax rate
VAT = (customs duty + import tax) x 10% (for general goods not subject to special tax)
Or = (customs duty + import tax + special tax) x 10% (for general merchandise)

Total tax and duty = import tax + value added tax (for general goods not subject to special tax)

Or = import tax + special tax + value added tax (for general goods subject to special tax)

Example: Company A imports 20 cases of beer with a customs value of 4 million riels. What is the total amount of taxes and duties to be paid?

A: The import of beer is subject to import tax at the rate of 35%, special tax 25% and value added tax 10%. The calculation of taxes and duties is as follows:

Import tax = 4,000,000 x 35% = 1,400,000 Riels

Special tax = (4,000,000 + 1,400,000) x 25% = 1,350,000 Riel

Value Added Tax = (4,000,000 + 1,400,000 + 1,350,000) x 10% = 675,000 Riel

Therefore, the total amount of taxes and duties to be paid = 1,400,000 + 1,350,000 + 675,000 = 3,425,000 riels.

Related: What types of tax audits might your business be subject to?


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