• Locations
  • Desks
  • Awards
  • Careers
  • Solutions
  • Teams
  • Insights
  • Our Firm
  • Locations
  • Desks
  • Awards
  • Careers
© Copyright DFDL 2023. All Rights Reserved.
  • Privacy Policy
  • Solutions
  • Locations
  • Teams
  • Insights
  • Our Firm
  • Search
  • Contact Us
  • Back
Legal and Tax Updates

Cambodia Tax Alert: Key Tariff Adjustments Under Sub-Decree 122

Jul 3 2023
Written by Clint O'Connell, Diberjohn Balinas and Kosal Dun

On 6 June 2023, the Royal Government of Cambodia issued Sub-Decree 122 on the Adjustment to Customs Tariff, Specific Tax, and Export Tax Rates on certain goods.

The Sub-Decree 122 aims to address inflation and promote trade activities in Cambodia. The tariff changes will focus on accelerating the development in the priority sectors such as agriculture, transportation, health, education, industry and production, and environmental protection.  The Sub-Decree will be effective starting 1 July 2023.

The following are the key changes in tariff and rates under the Sub-Decree 122:

1. Decrease in customs duty rates on certain goods

2. Increase in customs duty rates on certain goods 

3. Decrease in specific tax on certain imported goods

4. Increase in specific tax on certain imported goods

5. Decrease in export tax on certain goods

6. Increase in export tax on certain goods

DFDL Comments:

Most of the tariff adjustments provide tax reductions for certain types of goods. For example, agricultural products, chemicals to be used for pharmaceutical purposes, and vehicles have significant tax reductions – some of these products are exempted from tax starting 1 July 2023. On the other hand, the increase in duties and taxes apply to certain goods such as metals, mineral-related items, vehicle parts, and energy drinks.  

While these tariff adjustments will affect the revenue collection of the General Department of Customs and Excise, it is expected that these changes will help reduce Cambodia’s trade barriers and will open more opportunities for exports.  

Tax services required to be undertaken by a licensed tax agent in Cambodia are provided by Mekong Tax Services Co., Ltd, a member of DFDL and licensed as a Cambodian tax agent under license number – TA201701018.

Clint O'Connell
Partner, Head of Cambodia Tax Practice
Cambodia
Clint leads the Cambodian Tax and Customs Practice and is based in Phnom Penh.
View Profile

Related Articles

Legal and Tax Updates
Sep 12 2023
Davy Kong

Cambodia: Adopts the 2023 Environmental and Natural Resources Code

Legal and Tax Updates
Sep 8 2023
Raksa Chan

Cambodia: 2024 Foreign Employee Quota Application Window Now Open

Legal and Tax Updates
Sep 1 2023
Clint O'Connell

Cambodia Tax Alert: Announcement on VAT Refund Deadline and Procedures

Legal and Tax Updates
Aug 23 2023
Chris Robinson

Cambodia: Adopts Implementing Regulations for Obtaining Merger Clearance

We provide practical and creative legal solutions
and insights to complex business challenges.

Sign up for our Newsletter
  • Solutions
  • Teams
  • Insights
  • Locations
  • Desks
  • Networks
© Copyright DFDL 2023. All Rights Reserved.
  • Privacy Policy