#Tax

By way of providing guidelines for implementing the Tax Law No.106/2016/QH13 (Law 106) effective from 1 July 2016, the government has issued Decree 100/2016/ND-CP (Decree 100) on 1 July 2016 and the Ministry of Finance has issued Official Letter 10315/BTC-TCT dated 25 July 2016 (OL 10315) and Circular 130/2016/TT-BTC dated 12 August 2016 (Circular 130)....

#Import duty #Tax #Tax law #VAT #Vietnam

In the last few weeks, the General Department of Taxation (GDT) has issued two Notifications (No. 12723 & 13466) reminding owners of immovable property to file their annual Property Tax declaration and pay Property Tax before the deadline of 30 September 2016....

#Cambodia #ImmovableProperty #PropertyTax #Tax

Corporate income tax (CIT) incentives granted during the period 2009-2013 have increasingly been challenged by tax authorities and particularly by state auditors with an inclination towards reassessment of such incentives....

#Business #CorporateTax #Investment #Tax #Vietnam

As per Notification No. 039 issued by the Ministry of Economy and Finance (MEF) on 21 July 2016, a working group consisting of representatives from both the General Department of Taxation (GDT) and the Phnom Penh Municipality will begin to collect data from all enterprises in Phnom Penh from August 2016 onwards. Representatives of the...

#Cambodia #Tax #VAT

Effective from 1 July 2016, Law No.106/2016/QH13 dated 6 April 2016 (Law No.106), the amendment of the Law on Value Added Tax (VAT), Law on Special Sales Tax (SST) and the Law on Tax administration provides the following key changes: Input VAT refunds  are no longer allowed (except input VAT relevant to exports or input...

#Tax #VAT #Vietnam

“If you can’t explain it simply, you don’t understand it well enough.” – Albert Einstein In an earlier tax alert we referred to the issuance by the General Department of Taxation (“GDT”) of Instruction No.1127 which provided important instructions on VAT invoices for taxpayers registered under the real regime of taxation in Cambodia. On the...

#Cambodia #Tax #Taxation #VAT

On the 6th of this month, the Ministry of Economy and Finance issued a new Prakas on Tax Registration No. 496 MEF.P. (Prakas 496). Prakas 496 abrogates Prakas 1139 (dated 9 October 2014) that had previously set out procedures for all existi...

#Cambodia #Tax #TaxRegistration

Notification 4227 issued on the 22 of March 2016 advises that from the 1st of April 2016 onward, the Specific Tax Rate on certain goods which are domestically produced and supplied in Cambodia shall be adjusted and assessed as follows:...

#Cambodia #SinTax #SpecificTax #Tax

Notification No. 3001 issued on the 26th of February 2016 extends, again, the new deadline for enterprises or companies to complete their tax registration renewal update with the General Department of Taxation which is now 1 May 2016....

#Cambodia #Tax #TaxRegistrationRenewal

On 5 February 2016, the General Department of Taxation (GDT) released Notification 2118 and 2119, which provides the deemed market rates for determining the caps on interest rate deductions under Circular 151 for loans that had been entered into using Khmer Riel (KHR) and United States Dollars (USD) in the 2015 financial year....

#Cambodia #DeemedMarketRates #Tax