Tax Audit & Transfer Pricing Updates

A tax audit is a formal examination conducted by the GDT to verify information or uncover inaccurate tax returns or fraud. Tax audits are challenging and need to be well managed from start to finish. Each year the number of tax audits for business enterprise in Cambodia keeps increasing. The GDT is using techniques and experience for targeting enterprise, international and domestic, from across many sectors.

In addition, Transfer Pricing (TP) has become the key focus area for the GDT when assessing taxpayers. The local TP regulation requirements, initially adopted by the Ministry of Economy and Finance of Cambodia in late 2017, have been, in practice, increasing in tax audits. Any business enterprise continuously making losses or having low profitability will be scrutinized. Moreover, during the tax audit process, there are a number of issues that have generally been scrutinized or challenged by the GDT; such as the pricing of goods and intangibles (i.e. technology/ trademark/ brand-names, etc.), intra-group services and interest expense. Therefore, TP documentation has become a major requirement for all taxpayers who have related party transactions. There is no separate TP audit, at this stage and generally the GDT conducts such audits together with the general tax audit.

To navigate tax audit and transfer pricing, our experts will provide you with the updates of Tax Audit and Transfer Pricing. KPMG Cambodia cordially invites you to Online Webinar on “Tax Audit & Transfer Pricing Updates".

Our experts will highlight:

• Tax Audit updates – Type, process and timeframe of audits, key common issues, and preparation for tax audit)
• Transfer Pricing updates 

 

Agenda

09:45am – 10:00am : Online registration

10:00am – 11:00am : Presentation and Q&A

 

 

Language: English

 

For more deyails regarding the event, please contact Ms. Sim Somanita.