Travel Reference
In-Depth Information
Taxes
Income tax is taken out of your salary by your employer and everyone's salary is taxed at
the following rate:
Monthly
Salary
:
To
Rate
From
0
$125.00
0%
$125.25
$312.50
5%
$312.55
$2,125.00
10%
$2,125.25
$3,125.00
15%
$3,125.25
upwards
20%
Fringe benefits such as housing and cars are also taxed and there are no other income taxes
at this stage. Business owners pay profit taxes of 20 percent. Taxes are paid in riel - the
General Department of Taxation provides a conversion rate in the event that salaries are
paid in US dollars.
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