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Tax and Regulatory Update

Tax and Regulatory Update

KPMG's Tax and Regulatory Update covers changes to the law and tax administration in Cambodia and the implications thereof.

KPMG's Tax and Regulatory Update is most up to date the amended law and tax administration

We hope that you will find KPMG’s Tax and Regulatory Update useful and we welcome the opportunity to further discuss the issues presented and their impacts on your business.

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2020

Corporate Update/2020 August: Health - Temporary suspension of flights from Malaysia and Indonesia from 1 August 2020

Corporate Update/2020 July: (1) Labor - Holidays on 17, 18, 19, 20 and 21 August 2020 to Compensate for the Khmer New Year Holidays; (2) Labor - Inter-ministerial inspections for the tourism industry

Technical Update/2020 July: (1) Application to Obtain Certificate of Tax Incentives for SME; (2) Withholding Tax (WHT) on Interest for Loan 

Corporate Update/2020 July: Electricity exemption plan and incentives

Corporate Update/2020 July: Entry requirements and quarantine measures in response to the spread of the Covid-19 pandemic

Corporate Update/2020 July: Implementation of additional measures of the Royal Government for the exemption of the fees for the renewal of all types of tourism licenses for the year 2021

Corporate Update/2020 June: Schedule of Minimum Wage negotiations in the textile, garment and footwear sector for the year 2021

Corporate Update/2020 June: Business registration via information technology system

Technical Update/2020 June: VAT on Long-Term Tangible Asset Sales

Technical Update/2020 June: Delay of E-Filing

Corporate Update/2020 June: (1) Royal Code (Kram) – State of Emergency Law; (2) Health – Translation into the Khmer language of all packages and labels of food products

Corporate Update/2020 June: Labor – Notification on the postponement of back pay of seniority payment before the year 2019 and the new seniority payment in the year 2020

Technical Update/2020 June: Further government Tax reliefs

Corporate Update/2020 May: (1) Labor – Inspections for the manufacturing sector; (2) Tourism – Additional measures for the tourism sector; (3) Labor – Suspension of employment contracts and NSSF contribution payment for garment and tourism sectors ; (4) NSSF – Contribution Payments for Educational Institutions

Technical Update/2020 May: WHT incentives for securities investors

Corporate Update/2020 May: Travel and Immigration – (1) Travel Ban into Cambodia for Foreigners; (2)FPCS system for Visa Extensions and Trade and Customs – (1) Export of Masks; (2) Update of Certificate of Origin Form D

Technical Update/2020 April: Seniority Indemnity and FBT on loan to employees

Technical Update/2020 April: Additional government Tax relief measures

Corporate Update/2020 April: (1) Labor- how to calculate the seniority payment for permanent workers or employees who have performed work from one (1) to six (6) months in each semester; (2) Labor- how to calculate employment seniority in order to determine the prior notice periods for the employment contract termination if employment contracts have been converted from Fixed Duration Contracts (“FDCs”) to Undetermined Duration Contracts (“UDCs”); (3) Labor- the calculation of proportional annual leave for employees or workers who perform work less than twenty-one (21) days per month

Corporate Update/2020 April: (1) Customs (2) Commerce

Corporate Update/2020 April: Labor- Identification of Labor Contractors (Sub-Contractors)

Corporate Update/2020 April: Labor- Waiver of Financial Penalties for the Renewal of Foreigner Work Permits for the Year 2020 until further notice

Corporate Update/2020 April: Labor- Notification on the Postponement of the Khmer New Year Holidays for the year 2020

Corporate Update/2020 April: (1) Tourism License; (2) Provision of Grace Period for Tourism Businesses (3) Management of Real Estate Development Business; (4) Instruction on the Strengthening of the Construction Quality and Safety (5) Law on the Amendment of Law on Trade Unions

Corporate Update/2020 March: Customs – Measures against the Impact on the Cambodian Economy

Corporate Update/2020 March: Labor – URGENT Requirements for Updating Contact Phone Numbers of Employees/Workers 

Corporate Update/2020 March: Instruction on the Implementation of Compensatory Special Leave and Notification on the Use of Joint Infirmary and Health Facility instead of Infirmary in Enterprises/Establishments

Corporate Update/2020 March: Intellectual Property – Recordal of Mark License Agreement and Franchise Agreement

Corporate Update/ 2020 March: Investment – Implementation of Cambodian National Single Window (CNSW)

Technical Update/2020 March: Measures to Support the Tourism and Garment Sectors and to Improve the Economy; and VAT state-charge for Basic Daily Food

Corporate Update/2020 February: Environment – Classification of Environmental Impact Assessments for development projects

Technical Update/2020 February: Prakas No. 159 Prk on Instruction on Tax Incentives for SMEs in the Priority Sector and Sub-Decree No. 09 SD.Prk on Threshold of Annual Taxable Income and Threshold of Monthly Taxable Salary

Technical Update/2020 February: Prakas No. 098 MEF Prk. dated 29 January 2020 on Tax on Income

Technical Update/2020 February: Notification No. 3218 GDT on Implementation of the Prakas No.723 Prk. on the Rule for Use of Invoices and Instruction No. 3033 on Registration for SBAA and NGO

Corporate Update/2020 January: (1) Construction; (2) NSSF

Technical Update/2020 January: Amend Basis for Specific Tax on Certain Merchandise for Locally Produced Goods

Technical Update/2020 January: The Law on Financial Management for year 2020 and The use of exchange rate following Instruction 27617

 

2019

Corporate Update/2019 December (Vol.2): Intellectual Property

Corporate Update/2019 December (Vol.1): Construction – Law on Construction 

Technical Update/2019 November: (1) Labor – Law on Social Security Schemes; (2) Correction – New Minimum Wage for Textile, Garment and Footwear Sectors for the year 2020

Corporate Update/2019 November (Vol.3): (1) Law on Social Security Schemes; (2) Foreign Manpower Quota

Corporate Update/2019 November (Vol.2): Law on E-commerce and Law on Consumer protection

Corporate Update/2019 November (Vol.1): (1) Labour; (2) Health; (3) Commerce; (4) Customs

Technical Alert/2019 October: DTA Requests Online

Corporate Update/ 2019 September: (1) Finance and Banking; (2) Customs; (3) Health; (4) Transportation; (5) Labor; (6) Construction

Technical Alert/2019 September: Double Tax Agreement

Technical Alert/2019 September: (1) Tax debt settlement in installment; (2) Rules for use of invoice

Corporate Update/ 2019 August: (1) Customs; (2) Commerce; (3) Health; (4) Mines and Energy; (5) Labor

Technical Alert/2019 Auguest: Tax Incentives for Agricultural Enterprises

Technical Alert/2019 July: (1) Measures to prevent tax evasion and criminal offense against tax provisions; (2) Implementation of Withholding Tax on Insurance Enterprise; (3) Double Taxation Agreement (DTA) with Hong Kong

Corporate Update/ 2019 June: (1) Labor; (2) Health

Technical Alert/2019 June: (1) Clarification to Value Added Tax at zero percent; (2) Tax incentives for Entertainment Industry; (3) Reminder to Apply for Certificate of Sale Agent for Supplying of Goods or Services on behalf of Principal Enterprise

Corporate Update/ 2019 May (Vol.3): (1) Industry; (2) Health; (3) Labor; (4) Commerce 

Corporate Update/ 2019 May (Vol.2): (1) Labor; (2) Health; (3) Law on Trusts

Corporate Update/ 2019 May (Vol.1): (1) Investment; (3) Commerce; (4) Customs

Technical Alert/2019 April: Amendment to withholding tax (WHT) on dividend distribution

Technical Alert/2019 March: (1) Documentation on Interest between Related Parties; (2) Khmer Riel on Invoices for Self-Assessment Regime Taxpayers; (3) Prakas on Tax Audit; (4) Market Interest Rate Limit for Loans in 2018; (5) Implementation of Double Taxation Agreement

Technical Alert/2019 February: (1) Suspension on the Prepayment of Tax on Income of Agricultural Enterprises; (2) Procedures for the Request of Recognition, the Use of Tax Invoice and Tax Obligations of Agents Supplying Goods or Services on Behalf of Principal Enterprises; (3) Value Added Tax (VAT) refund online; (4) Tax Incentive for the Securities Sector

Technical Alert/2019 January: (1) Implementation of Sub-Decree on Tax Incentive for SMEs; (2) Effectiveness Implementation of Double Taxation Agreements; (3) Law on Financial Management (LoFM) for the year 2019 to amend on Tax Provision

 

2018

Tax and Corporate Update/ October 2018: Interest rules for related party loan

Tax Update/ 2018 August: Obligation of agent being supplied goods or services on behalf of Principal

Tax Update/ 2018 June: Implementation of the Double Taxation Avoidance Agreements

Tax Alert/ 2018 April (Week4): Tax obligation of association and NGO

Tax Alert/2018 April (Week1): Double Tax Agreement with Vietnam

Tax and Corporate Update/ 2018 April: (1) Labor; (2) Electricity; (3) Commerce

Annual 2017 and 2018 Tax and Corporate Compliance: 2017 Annual Tax on Income (ToI) Compliance and Annual 2018 Patent Tax Compliance

Tax Alert/ 2018 February: Changes to the Annual Tax on Income Form and Amendment of Taxpayer Classification

Tax and Corporate Update/ 2018 February: Provision of Tax on Petroleum and Mineral Resource Operation

Tax and Corporate Update/ 2018 February: (1) Commerce; (2) Customs; (3) Agriculture; (4) Labor

Tax Alert/ 2018 January (Week3): Implementation of new Tax on Salary Threshold, Effective data of Double Tax Agreement and Policy for requirements of reporting U.S.TIN (FATCA)

Tax and Corporate update/ 2018 January: (1) Commerce; (2) Intellectual Property; (3) Trade; (4) Labor; (5) Construction; (6) Environment

2017

Technical Update/ 2017 August: (1) Industry; (2) Commerce; (3) Telecommunications

Technical Update/ 2017 January - Issue 2: Law on Financial Management (LoFM)

Technical Update/ 2017 January - Issue 1: Prakas on the Tax Obligation of Multi-Project Enterprises

 

2016

Technical Update/ 2016 October: (1) Labor; (2) Commerce

Technical Update/ 2016 June: Singapore/ Cambodia Agreement for the Avoidance of Double Taxation

Technical Update/ 2016 May-Issue2: PPT and Finance Lease

Technical Update/ 2016 May-Issue1: Tax Classification

Technical Update/ 2016 February-Issue2: Invoices for taxpayers under the Real Regime

Technical Update/ 2016 February-Issue1: Sub-decree on the organization and functioning of the Committee of Tax Arbitration

Technical Update/ 2016January-Issue3: Online Business Registration

Technical Update/ 2016 January-Issue2: PPT and Finance Lease

Technical Update/ 2016 January-Issue1: Tax Classification

 

2015

Technical Update/ 2015 December: Notification on the Extension of the Deadline for the Update of Enterprises’Information for Enterprises or Companies Under the Department of the Large Taxpayer until 31 December 2015

Technical Update/ 2015 October: Notification on the Application for Update of Enterprise’s Informationfor Enterprise or Company under the Department of Large Taxpayers

Technical Update/ 2015 August: Tax Collection on Transportation Means and all kinds of Vehicles for Year 2015

Technical Update/ 2015 June: Notification on Calling for Enterprises with Tax Debts to Settle

Technical Update/ 2015 May: Circulars on the completion of the application for Tax registration or information update

Technical Update/ 2015 February: Circular on implementation on obligation to withholdTax on Salary (ToS) and Fringe Benefits Tax (FBT)

Technical Update/ 2015 January: Notification on implementation of the provision of Tax on Salary as amended by 2015 Law on Financial Management

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