The first month of 2018 has brought with it a number of important tax and customs updates which we summarize in this tax alert. We should note that January 2018 began with an important statement from the General Department of Taxation (GDT) announcing the entry into force and effect of two Double Taxation Agreements, one between Cambodia and Singapore, and the other between Cambodia and Thailand. For those who missed our previous alert on that important development, please click here.
The changes which this alert looks at in more detail include the following:
- Modification to the calculation formula regarding Specific Tax and Value Added Tax on the importation of goods into Cambodia under a Free Trade Agreement brought about by Notification 11825
- Instructions regarding the implementation of the amended monthly Tax on Salary rates issued by the GDT under Instruction No.002 on 15 January 2018
- Changes to the criteria determining taxpayer classification under the Self-Assessment Tax Regime as per Prakas 025 – On the Amendment of Classification of Taxpayers under the Self-Assessment Regime – issued on 24 January 2018
Read the full article here.
Tax services required to be undertaken by a licensed tax agent in Cambodia are provided by Mekong Tax Services Co., Ltd, a member of DFDL and licensed as a Cambodian tax agent under license number – TA201701018.
The information provided in this article is for information purposes only and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.
DFDL Contact
Clint O’Connell
Partner & Head of Cambodia Tax Practice
clint.oconnell@dfdl.com
