Question

1. Are there any restrictions on distributing profits (paying out dividends) in Cambodia? please be deltails

1. Are there any restrictions on distributing profits (paying out dividends) in Cambodia? please be deltails

Homework Answers

Answer #1
  • Actually the profits recieved in form of dividend from companies which are non resident are taxable as income tax in Cambodia.
  • But the the tax paid on Foriegn source income is given or allowed a credit
  • Paying out dividends are not subject to Dividend withholding tax rather the company who want to pay the advance tax they need to firstly pay the advance tax on the profits earned at the time of dividend distribution.
  • But the the advance tax which is already paid is generally exempted
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