Cambodia tax guide pdf

This guidance compiles, amends, and updates various provisions related to the tax on income as well as providing implementation rules and procedures. The effective date of the guidance is 29 January Furthermore, the General Department of Taxation affirmed that this guidance contained in Prakas is applicable for the tax on income return.

In general, the guidance reflects many amendments concerning the tax treatment in relation to taxable income and deductible expenses—that in turn will affect the tax on income return preparation for for all taxpayers registered under the self-assessment regime.

In particular, there are provisions concerning:. This guidance provides one of the first major updates to the main tax provisions on tax on income since Also, the exemptions of rental income and certain software sales for registered taxpayers from withholding tax may be beneficial for registered taxpayers. However, there does not appear to be any clear mechanism or procedure on how these non-residents would remit the tax, if applicable.

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Request for proposal. KPMG Personalization. Get the latest KPMG thought leadership directly to your individual personalized dashboard. Register now Login. Sub-decree on implementation mechanism for VAT on foreign e-commerce - 22 April Updates on E-commerce laws and regulations - 22 October Capital Gains Tax - 22 September Prakas on revision of statutory audit requirements - 24 July July updates - 7 July TOS exemption on seniority indemnity payments - 7 April New taxable income thresholds for non-corporate business owners and tax on salary - 26 February Customs incentives for SMEs - 12 April Tax audit - 1 April Interest rate rules on related party loans - 30 August Petroleum tax provision - 27 June VAT refund - 19 June Tax on Income for Insurance Enterprise - 11 June Double Tax Agreement - 26 March New tax provisions for exploitation of petroleum and mineral resources - 11 December Lowering withholding tax on interest from overseas loans for Cambodian microfinance institutions - 15 November Cambodia transfer pricing guidelines - 13 November Ministry clarifies conditions for exemption from minimum tax - 25 July Update on registration tax - 31 May Regulation issued on withholding tax on dividends paid to nonresidents - 26 May Extended deadline for filing and payment of Tax on Profit - 6 April Market interest rate on loans for - 12 February