Cambodia: VAT-related guidance for invoices; interest rate for loans (2015)

Cambodia: VAT-related guidance for invoices

Cambodia’s tax department issued guidance concerning the use and issuance of invoices for registered “real regime” taxpayers. The guidance (issued in late January 2016) clarifies existing requirements and establishes certain conditions.

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For example:

  • Invoices must be printed in Khmer or be bilingual (in both Khmer and English, with English written below Khmer).
  • Invoices must be signed by both suppliers and customers.

Failure to comply can result in disallowed value added tax (VAT) input claims and disallowance of the claim of expense for tax on profit purposes.

Taxpayers are required to attach proper invoices or provided scanned copies during the monthly tax declaration for claiming VAT input, as well as maintaining proper invoices for expense deductibility purposes.

 

Read a February 2016 report [PDF 161 KB] prepared by the KPMG member firm in Cambodia: Technical Update

Interest market rate for loans

This KPMG report also includes information on the interest market rate for loans in U.S. dollar and Khmer riel for use in calculating the tax on profits for the year ended 2015, as follows:

  • 10.28% for loans in U.S. dollar
  • 19.51% for loans in Khmer riel

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