Patent Tax Amount for Small, Medium and Large business
The Patent Tax is yearly payment, and the patent tax is applied on total annual turnover. It is paid by the end of 31 March every year.
The new business taxpayer shall pay this patent in a full year amount if the business is started within the first half of the year (from 1 January to 30 June), for example, ABC Company registered and got formal letter from Ministry of Commerce (MOC) dated 30 May 2017, so company pay patent in full year amount (1,200,000 KHR for medium company). If the business is started within the second half of the year ( from 1 July to 31 December), Your patent is required to pay in a half year amount. For example, if ABC Company registered and got formal letter from Ministry of Commerce (MOC) dated 9 September 2017, so company pay patent in a half year amount (1,200,000 KHR/2 = 600,000 KHR for medium company).
There are three criteria that defined size of your business based on annual turnover as follows.
- For small business, if your annual business turnover is from 250,000,000 KHR to 700,000,000 KHR, you will patent tax 400,000 KHR.
- For medium companies, if your annual business turnover is from 700,000,000 KHR to 2,000,000,000 KHR, you will patent tax 1,200,000 KHR.
- For large companies, there are classified two kinds of turnover.
- If your annual business turnover is from 2,000,000,000 KHR to 10,000,000,000 KHR, you will patent tax 3,000,000 KHR.
- But if your annual business turnover is from 10,000,000,000 KHR up, you will patent tax 5,000,000 KHR
Phnom Penh HR Promotion
Phnom Penh HR is the best recruitment and consulting in Cambodia and Asia.
***How to Post Job Announcement Free on Phnom Penh HR
There are the following three simple steps:
- First Step- Go to website: www.pp-hr.com
- Second Step – Click Menu: Register
- Third Step-Click Menu : Post Job Free
***Phnom Penh HR Services:
- Recruitment Service : Help to find qualified candidates fast and right position.
- Cambodia Tax Consulting: Help to reduce tax risk.
- Accounting Service Preparation: Help to make proper and timely financial statements.
- Outsourcing service : Help to reduce company complexity.
- Internal Auditing Service : help to reduce fraud, error and improve work quality.
*** Phnom Penh HR services by ACCA | CPA, Diploma in Cambodia Tax, Tax Agent and MBA.
*** Please contact Phnom Penh HR now via 093 682 682 | 078 868 848 | email@example.com