Develop an online database containing specific positions or interpretations on various tax provisions.
Tax & Governance Issue Tackled
Intellectual Property Rights Dispute Resolution Process
Create a formalised Alternative Dispute Resolution process to address trademark rights infringement cases through relevant ministries.
Availability of an Independent Review Mechanism for the Application Laws
Create an independent review mechanism within relevant ministries and public bodies responsible for processing applications and approvals for private entities, and a Supreme Administrative Court.
Voluntary Disclosure
Continue offering voluntary disclosure options to taxpayers for previous tax irregularities prior to an audit notification being issued.
Visa Policy
Cambodia’s visa framework continues to reflect a cautious and traditional approach, lagging behind the more progressive and facilitative visa regimes adopted by a number of countries in the region. Tourists holding passports from outside ASEAN are still required to pay for a visa to enter the country, regardless of...
Taxation of Collective Investment Schemes
While the Securities and Exchange Regulator of Cambodia (SERC) has successfully established a robust operational framework for the fund management industry—most notably through Prakas No. 035 on the Issuance of Fund Units of Collective Investment Scheme (CIS), the taxation regime for these vehicles remains critically...
Taxation of Promotional Goods
Based on Instruction No. 025 dated 10 October 2024, CIT is imposed on free goods and winning prizes that are the enterprise’s inventory by recognizing revenue equivalent to the Cost of Goods Sold (“COGS”) while the COGS of free goods and winning prizes is treated as a deductible expense. Recognizing the provision of...
Extension of Former Tax Liability
Amend the article 215 of the law on taxation to establish, by principle, a limited liability for the now owner of a company.
Stamp Duty on Share Capital Increase
The promulgation of the Law on Financial Management 2013 introduced the provision to subject the transfer of shares within a Cambodian company to a stamp duty of 0.1% of the value of shares. While this practice is commonplace in many countries, EuroCham’s members report that the General Department of Taxation (GDT)...
Irregularities in VAT payments
Under the prevailing tax law and regulations, a taxable person is entitled to VAT refund if the purchase is made for businesses purposes with proper VAT invoices. To claim a refund, taxpayers must make sure they fulfill the eligibility criteria according to Prakas 576 on ‘Value Added Tax Refunds’ enacted by the...
1% Prepayment Tax on Income/Minimum Tax on Turnover
We understand Prakas No. 597 on “the Recognition and Tax Obligation regarding the supply of Goods and Services made by an Agent on behalf of a Principal” (Prakas 597) issued in June 2018 was intended to reduce tax burden for distributors by taxing their commissions only instead of sales or turnover. We support this...
Intellectual Property Rights Infringement Cases
Consult with the private sector to develop legal instruments to define specific remedies for Intellectual Property Rights infringement cases.