Article 1. “Purpose”
This Parkas aims to introduce the implementation of provisions on the tax on petroleum operations to ensure the effective management of tax collection on the petroleum sector.
Article 2. “Goal”
This Parkas aims to define the rules and procedures for the taxation of oil operations in accordance with the provisions of Chapter 6 of the Tax Law, as amended by the Financial Law for Management 2018, promulgated by Royal Kram. No. NS / RKAM / 1217/019, dated December 9, 2017.
Article 3. “Scope”
This Parkas applies to taxpayers who carry out oil operations in the sovereign territory of the Kingdom of Cambodia.
Article 4. “Definition”
The terms used in this Parkas are defined as defined in Chapter 6 of the Law.
On the tax, as amended by the Law on Finance for Management 2018, promulgated by Royal Kram No. NS / RKAM / 1217/019, dated 09 December 2017.
Taxpayers who carry out oil operations as stated in article 142 of the tax law are subject to income tax at the rate of 30% of taxable income in the tax year. In addition to the tax rate as stated in paragraph 1 of this article, if the taxpayer has income over taxpayers are subject to tax on income in excess of the growth rate by class.
Parkas on Tax Implementation of Oil Industry Download