(Instruction No. 13804 GDT, dated 08 April 2024)
Pursuant to the provisions of the 2023 Law on Taxation (LoT), 2021 Law on Investment (LoI), and the decision of the government during the 19th Government-Private Sector Forum, the General Department of Taxation (GDT) issued this Instruction to provide guidance on the Minimum Tax (MT) exemption granted to enterprises registered as Qualified Investment Projects (QIP). To ensure effective implementation, the GDT instructed as follows:
- QIPs shall receive MT exemption by having an independent audit report and maintaining proper accounting records.
- Newly registered QIPs are also exempted from MT, and they are required to submit the independent audit report to the GDT no later than June of each following year, except for the first year in which submission of the audit report is not required.
Source: KPMG
If our sharing this article infringes on your company's intellectual property, please contact us at info@royalcta.com.kh so that our team will remove this article. Our purpose is just participating and share the update information to the public and taxpayers to be more understood and participate to do compliance in tax and other legal obligation. Thank you!