Cambodia: Taxation of garment, footwear producers | KPMG | GLOBAL

Cambodia: Taxation of garment, footwear producers and financial lease transactions

Cambodia: Taxation of garment, footwear producers

The Ministry of Economy and Finance in late 2015 issued guidance that:


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  • Further suspends the “prepayment of profit tax” for certain eligible garment and footwear production enterprises until the end of 2017. The “prepayment of profit tax”—imposed at a monthly rate of 1%—had been previously extended until the end of 2015. This suspension is available, provided that eligible enterprises continue to maintain accounting records, timely declare the tax on profit, and comply with other tax obligations.
  • Sets forth measures clarifying the tax procedures for financial lease transactions. This guidance defines certain terms and explains the obligations for the lessor and lesser with respect to a financial lease transaction.


Read a January 2016 report prepared by the KPMG member firm in Cambodia

Online registration of all companies

Cambodia’s Ministry of Commerce in late 2015 issued guidance requiring enterprises and business establishments to register (or re-register). This requirement is intended to provide that the on-file information is up to date.


Read a January 2016 report prepared by the KPMG member firm in Cambodia

Taxpayer classification

Guidance in late 2015 sets forth the criteria for classifying “real regime” taxpayers into one of three categories—small, medium, and large taxpayers. There are certain tax requirements, depending on the taxpayer classification.


Read a January 2016 report prepared by the KPMG member firm in Cambodia

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