(Sub-Decree No. 160 ANK.BK, dated 16 July 2024)
The Royal Government of Cambodia established a Special Tax Audit Unit (“STAU”), which has an equivalent status to a department managed by the General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF). It has been established as a mechanism to promote and expedite the resolution of taxpayer issues related to tax audits and is aimed at improving the business, trade, and investment environment.
Article 2 of the Sub-Decree provides that the STAU has the following roles and responsibilities, among others:
• To manage and conduct tax audits in accordance with the laws and regulations in force, as well as within the Standard Operating Procedures (SOP) for tax audits.
• To review documents and conduct risk analysis for a one-time comprehensive audit without having to conduct a desk and limited tax audit of enterprises.
• To prepare an annual special tax audit plan based on SOP and the unit’s risk analysis.
• To conduct a tax audit at the request of a taxpayer in accordance with SOP and laws and regulations in force.
• To provide information to enterprises on reasons for selecting them for tax audits. In accordance with Article 7 of the Sub-Decree, the enterprises to be transferred under the jurisdiction of the STAU will be among those that have received gold tax compliance certificates and other enterprises as identified through a committee to be established by the GDT.
Also, Article 8 of the Sub-Decree provides that the STAU may request the GDT to work on and resolve the outstanding and ongoing tax audit cases of enterprises under its authority by working together with relevant tax audit units of the GDT.
Source: KPMG
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