Difference between Accounting Profit and Tax Profit

Difference between Accounting Profit and Tax Profit for Cambodia Tax

Equation in Accounting Profit

Accounting Profit = Accounting Revenue – Accounting Expense

Equation in Tax Profit

Tax Profit = Taxable income – Tax Deductible Expense = Accounting Profit + tax non deductible expenses- tax deductible expense + taxable income -non taxable income

Tax on Income = tax profit x 20%