How is individual income tax (IIT) calculated in Asia?
In Asian countries individuals are taxed according their salary. Therefore those with a higher salary will have to pay higher taxes. However, rates vary in different Asian countries and could be anywhere between 17 and 45%.
Exceptions of this are Brunei which does not have any individual income tax (IIT) and Cambodia where the rate is fixed at 20% no matter how high or low your income is.
We provide expert advisory and corporate services across Asia, guiding businesses through complex markets and regulations.