Profit Tax , Article 26 - Article 42, Tax Law 2012

     Profit Tax is a direct tax that is collected on the profit of enterprises including freelance operating businesses. (Article 26)

     Profit Tax is collected from domestic or foreign business operators who generate profit as stipulated in this Law. (Article 27)

     Taxable profit IS the profit generated from all types and levels of business operations. (Article 28)

Rates of Profit Tax (Article 29)

The rates of profit tax are determined as the followings:

  1. The 24% rate is applied to both domestic and foreign enterprises that hold legal entities, except companies that are registered at the stock market which are granted profit tax reduction of 5% from normal rate for a period of four years from the date of registration at the stock market. After such period normal rate as determined in this Law shall be applied;
  2. The 26% rate is applied to enterprises that are legal entities which produce, import and supply tobacco products of which 2% shall be contributed to cigarette control fund according to Article 46 of the Law on Tobacco Control;
  3. Profit tax rates for individual enterprises and freelance shall be progressive rates ranging from 0% to 24% according to the following table:
    (Unit in Kip)
    Level Annual Profit Base Taxable Amount Rates (%) Tax at Each Level Total
    1 From 3,600,000 and lower 3,600,000 0% 0 0
    2 From 3,600,001 - 8,000,000 4,400,000 5% 220,000 220,000
    3 From 8,000,001 - 15,000,000 7,000,000 10% 700,000 920,000
    4 From 15,000,001 - 25,000,000 10,000,000 15% 1,500,000 2,420,000
    5 From 25,000,001 - 40,000,000 15,000,000 20% 3,000,000 5,420,000
    5 From 40,000,001 upward ......... 24% ......... .........
Methods for Calculating of Profit tax based on Accounting Year (Article 30)
Methods for Calculating Taxable Amount and Profit Tax within a Year (Article 31)
Calculation of Mandatory Profit Tax (Article 32)
Non-Deductible expenses (Article 33)
Deductible expenses (Article 34)
(revised). Depreciation of Fixed Assets (Article 35)
Filing Profit Tax Return (Article 36)
Summary for filling Profit Tax Return (Article 37)
Payment of Profit Tax (Article 38)
Carry Forward of Annual Losses (Article 39)
Payment of Actual Profit Tax according to Accounting System (Article 40)
Closing of Accounts (Article 41)
Closure, Sale, Handing Over or Transfer of Business Activities (Article 42)

ໝາຍເຫດ: ເພື່ອເປັນການໂຄສະນາເຜີຍແຜ່ ກົດໝາຍ ວ່າດ້ວຍສ່ວຍສາອາກອນ; ຂໍ້ມູນເຫຼົ່ານີ້ ແມ່ນ ໄດ້ພີມຄືນມາຈາກ ກົດໝາຍ ວ່າດ້ວຍສ່ວຍສາອາກອນ(ສະບັບປັບປຸ່ງ) ປີ 2012; ດັ່ງນັ້ນ, ເພື່ອຄວາມຊັດເຈນ ແລະ ລະອຽດ ກະລຸນາ ອ່ານ ຫຼື ນຳໃຊ້ ສະບັບຕົ້ນ ຂອງ ກົດໝາຍວ່າດ້ວຍສ່ວຍສາອາກອນ(ສະບັບປັບປຸ່ງ) ປີ 2012

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