Specific Tax ( SPT) | PLT, PPT, VAT for alcoholic product and beer Producer– Example 2

 Specific Tax , Public lighting tax , Value Added Tax , Prepayment of Profit Tax – alcoholic product and beer Producer in Cambodia : Example 2

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If original producers in Cambodia manufactured and sold  alcoholic product and beer, they are  subject to the following  monthly taxes:

1.  Specific Tax (SPT)- alcoholic product and wine subject to specific tax rate at 35% and tax base rate at 90%.
2. Specific Tax (SPT)-beer product subject to specific tax rate at 30%  and tax base rate at 90%.
3. Public lighting tax ( PLT)-alcoholic product and beer subject to public lighting tax rate at 3%.
4. Value Added Tax ( VAT)-10%  This standard rate applies to all supplies other than exports and non-taxable supplies.
5. Prepayment of Profit Tax (PPT)- Company has the obligation to pay a monthly prepayment of tax on profit at the rate of 1% of turnover inclusive of all taxes, except Value Added Tax.

 Example for Specific Tax (ST), Public lighting tax ( PLT), Value Added Tax ( VAT), Prepayment of Profit Tax (PPT):

ABC Co., LTD. manufactured  beer brand XY , and Company sold these beers its local customers 100 cases and selling price per case is $22 (included any taxes).

Required:

You are required calculated the following monthly taxes:

1. Value Added Tax ( VAT)
2. Prepayment of Profit Tax (PPT)
3. Public lighting tax ( PLT)
4. Specific Tax (SPT)
5. Total tax amounts will be paid to tax administration.

Solution:

Total Prices ( included any taxes)=100 x $22=$2,200

1. Value Added Tax ( VAT)

• Value Added Tax base= $2,200/1.1=$2,000
• Value Added Tax will be paid= $2,000 x 10%= $200

2. Prepayment of Profit Tax (PPT)

• Prepayment of Profit Tax= 2,200/1.1=$2,000
• Prepayment of Profit Tax will be paid=$2,000 x 1% = $20

3. Public lighting tax ( PLT)

• Public lighting tax base=$2,200/1.1/1.03=$1,941.75
• Public lighting tax will be paid= $ 1,941.75 x 3%=$58.25

4. Specific Tax (ST)

• Specific tax base  =($2,200/1.1/1.3) x 90%=$1,384.62
• Specific tax (ST) will be paid=$1,384.62 x 30%=$415.38

5. Total tax amounts will be paid to tax administration.

Total tax amounts= ( 200+20+$58.25+$415.38)= $693.63

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