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With the deadline of the annual compliance obligations fast approaching, it is now time for all enterprises/companies to pay attention to certain annual compliance requirements for the year 2021/2022.

The General Department of Taxation (“GDT”) has issued Notification no. 7175 GDT dated 16 April 2021 to extend the deadline for the submission of monthly tax return and the payment of any tax due for the month of March 2021.

On 19 January 2021, the General Department of Taxation (“GDT”) issued Notification no. 1005 GDT to determine the market interest rate for loans in 2020 for the purpose of implementing obligations to withhold tax on fringe benefits on loans to employees. Under this notification, the following market interest rate for loans in 2020 were determined based on the average annual interest rate of 8 (eight) big local commercial banks:

On 12 January 2021, the Ministry of Economy and Finance (“MEF”) issued Prakas no. 009 MEF.Pr.K, on the classification of taxpayers under self-assessment regime. This prakas (directive) aims to replace Prakas no. 025 on the amendment of classifications of taxpayers under the self-assessment regime dated 24 January 2018. Below is a summary of Prakas no. 009 MEF.Pr.K:

On the implementation of the instruction of the Royal Government of Cambodia (round 7) on additional measures in order to continue managing impacts on key sectors of the economy in the context of the operation to restore and stimulate Cambodia’s economic growth after the crisis of covid-19 and the provision of unified services to taxpayers.

Tax alert No.26892 GDT

Tax on capital gain

Tax alert No.002 MEF.GDT

Tax Alert No. 9839 GDT