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Taxation: Sub-Decree on Chart for Taxable Part of Annual Income and Taxable Parts of Monthly Salary

Date of publication: 27-02-2020


Category: Legal updates


Audience: All


Sub-Decree on Chart for Taxable Part of Annual Income and Taxable Parts of Monthly Salary

    On February 13th, 2020, the government issued a Sub-Decree No. 09 ANKr.BK concerning Chart for Taxable Annual In come and Taxable Monthly Salary in order to determine the taxable annual income and monthly salary. This Sub-Decree amends the previous range of annual income and monthly salary that are subject to different tax rates.

    The table below provides a comparison between the previous and current tax rates for taxable income and salary:


Previous Tax Rate

 

Current Tax Rate

Annual Taxable Income

Tax Rate

 

Parts of the Annual Taxable Income

Tax Rate

   From 0៛

To 12,000,000៛

0%

  From 0៛

To 16,000,000៛

0%

From 12,000,001៛

To 18,000,000៛

5%

From 16,000,001៛

To 24,000,000៛

5%

From 18,000,001៛

To 102,000,000៛

10%

From 24,000,001៛

To 102,000,000៛

10%

 From 102,000,001៛

To 150,000,000៛

15%

From 102,000,001៛

To 150,000,000៛

15%

Over 150,000,000៛

20%

Over 150,000,000៛

20%

 

Previous Tax Rate

 

Current Tax Rate

Taxable Parts of the Monthly Salary

Tax Rate

 

Taxable Parts of the Monthly Salary

Tax Rate

    From 0៛

To 1,200,000៛

0%

    From 0៛

To 1,300,000៛

0%

From 1,200,001៛

To 2,000,000៛

5%

From 1,300,001៛

To 2,000,000៛

5%

From 2,000,001៛

To 8,500,000៛

10%

From 2,000,001៛

To 8,500,000៛

10%

From 8,500,001៛

To 12,500,000៛

15%

From 8,500,001៛

To 12,500,000៛

15%

Over 12,500,000៛

20%

Over 12,500,000៛

20%