Senior Minister Minister of Economy and Finance
|
|
- Ashlyn Wade
- 5 years ago
- Views:
Transcription
1 Kingdom of Cambodia Nation Religion King Ministry of Economy and Finance No. 741 MoEF.BrK Prakas On Rule and Procedure for Implementation of Income Tax and Other Taxes Related to the Activity of Cut, Make and Trim of Qualified Investment Project Senior Minister Minister of Economy and Finance - Having seen the Constitution of the Kingdom of Cambodia - Having seen Royal Decree NS/RKT/0913/903 dated 24 September 2013 on Appointment of Royal Government of the Kingdom of Cambodia - Having seen Royal Decree NS/RKT/1213/1393 dated 21 December 2013 on Adjustment to the Composition of the Royal Government of the Kingdom of Cambodia - Having seen Royal Decree NS/RKT/0416/368 dated 04 April 2016 on Adjustment to the Composition of the Royal Government of the Kingdom of Cambodia - Having seen Royal Code 02/NS/94 dated 20 July 1994 promulgating the Law on Organization and Functioning of the Council of Ministers - Having seen Royal Code NS/RKM/0196/18 dated 24 January 1996 promulgating the Law on Establishment of Ministry of Economy and Finance - Having seen Royal Code NS/RKM/0297/03 dated 24 February 1997 promulgating the Law on Taxation - Having seen Royal Code NS/RKM/0303/010 dated 31 March 2003 promulgating the Law on Amendment to the Law on Taxation - Having seen Royal Code NS/RKM/0508/016 dated 13 May 2008 promulgating the Law on Public Financial System Having seen Sub-decree 75 OrNKr.BK dated 25 May 2017 on Adjustment to Sub-decree 488 dated 16 October 2013 on Organization and Functioning of the Ministry of Economy and Finance - According to the necessity of the Ministry of Economy and Finance; Decide Article 1 Purpose The purpose of this Prakas is to provide an incentive for local industries to promote exports and create jobs for workers in the Kingdom of Cambodia. Article 2 Objective The objective of this Prakas is to introduce a rule and procedure for implementing income tax and other taxes related to the activity of cut, make and trim of qualified investment projects. Article 3 Scope This Prakas covers qualified investment projects in the garment, textile, footwear, bag, hand bag and hat sector in the Kingdom of Cambodia that carry out the activity of supplying Cut, Make and Trim service as per a contract for exports.
2 This Prakas does not apply to local supporting industry or contractor that supplies goods or services for supporting the export of garment, textile, footwear, bag, hand bag and hat enterprises as stipulated in Prakas 311 MoEF.BrK dated 19 March Article 4 Definition For the purpose of this Prakas: 1- The term Cut, Make and Trim abbreviated to CMT refers to the supply of Cut, Make and Trim service as per a contract with the goods owner to export finished products. 2- The term goods owner refers to non-resident who signs a contract on Cut, Make and Trim with an enterprise that supplies CMT service. 3- The term CMT raw material refers to raw materials and/or other supplying materials of the goods owner that the CMT service supplying enterprise imports into the Kingdom of Cambodia for supplying CMT service to the goods owner in which the goods owner still keeps the legal ownership. Article 5 Conditions for supplying CMT service The enterprise that supplies CMT service shall comply with the following conditions: 1- Notify the General Department of Taxation of its CMT service operations within 30 days after signing a contract with the goods owner by attaching the CMT service contract indicating the detail of the scope of work, service fee and payment conditions. 2- Possess, keep and maintain accounting records and information related to CMT service in accordance with the Cambodian International Financial Reporting Standard (CIFRS) and tax provisions. 3- Have supporting documents as stipulated in Article 9 of this Prakas. Article 6 Incentive for income tax For tax purposes, the activity of CMT shall be considered the activity of producing [goods] for exports that receive an incentive on income tax the same as qualified investment project that produces [goods] for exports. Article 7 Obligation of income tax and Value Added Tax for CMT service activity 1- Income tax The enterprise shall separately record the revenues and expenses related to CMT service as follows: A- Taxable income: - CMT service fee: shall monthly submit the detail of CMT service fee to the tax administration (as in the sample attached herewith) - Revenue from the sale of failed or excess products and - Other revenues other than export price B- Deductible expenses The expenses shall be in accordance with the law and regulations on income tax. C- Advance income tax and minimum tax The basis for calculating advance income tax and minimum tax includes: - CMT service fee - Revenue from the sale of failed or excess product in the production or CMT raw materials.
3 The price of exported products shall not be considered the revenue of the enterprise that supplies CMT service for calculating advance income tax or minimum tax. 2- Value added tax (VAT) A- Output VAT: - The supply of CMT service for supporting the exports of processed products shall be subject to VAT at a rate of 0% - The supply of CMT raw materials, finished products or failed/excess products to local markets shall be subject to VAT at a rate of 10% - In case of raw material waste or failed products, the enterprise shall give notice in advance to the General Department of Taxation in order to be free from the obligation of 10% VAT. B- Input VAT: Credit of input VAT for VAT that has been paid on local goods or service for the CMT activity shall follow Article 29 to Article 41 of Sub-decree 114 OrNKr.BK dated 24 December 1999 on Value Added Tax. C- The enterprise that supplies CMT service shall simply implement the regulations on VAT and shall possess and keep accounting records on VAT as stipulated in Article 50 of Subdecree on VAT. Article 8 Inventory management The enterprise that supplies CMT service shall possess, record and maintain the records of inventory management which is able to monitor and track the change of inventory of the goods owner. The records of inventory management shall have the following information: 1- Inventory of CMT raw materials A- Records of inventory management to track the movement of CMT raw materials of the goods owner include: - The quantity of the raw materials received - The quantity of raw materials in work-in-progress (WIP) - The quantity of failed raw materials - The quantity of raw materials returned (if any). B- The records of inventory management as stated in Paragraph A above shall have the following supporting documents: - Goods Received Notes (GRN) record the quantity or detailed description of CMT raw materials received. - Acknowledged Delivery Orders support the Goods Received Notes (GRN) - Material Quality Rejects (MQR) record the quantity of substandard or failed raw materials that will be returned, in case of return - Documents for recording the movement of inventory or quantity of raw materials into the warehouse. C- The enterprise that supplies CMT service shall present all the above records as required by the Tax Administration. 2- Inventory of finished products shall have the following records: - Beginning inventory of finished products - Quantity of finished products in the period - Ending inventory of finished products 3- For inventory of failed or excess products (including CMT raw materials, if any) that will be destroyed or disposed, a notice of at least 07 (seven) days in advance shall be given to the
4 General Department of Taxation so that they participate and inspect the destruction or disposal. The enterprise that supplies CMT service shall provide the report of inventory inspection every year together with income tax return. Article 9 Possession, keeping and correction of accounting records 1- The enterprise that supplies CMT service shall possess, keep and maintain accounting records in accordance with the Cambodian International Financial Reporting Standard (CIFRS) and tax provisions. 2- For any enterprise carrying out the business of supplying both CMT service and non-cmt service shall keep records in a joint financial report and prepare only one income tax return but shall have accounting records and documents separately between CMT and non-cmt transactions. 3- In case of any enterprise supplying CMT service whose tax declaration so far does not reflect the actual operations, the enterprise shall make a correction of the income tax return within 03 (three) years backwards. The result of the correction resulting in tax arrears to be paid shall be free from penalty in which it includes additional taxes and interest for being late. The period of the correction shall be set by an instruction of the General Department of Taxation. 4- The enterprise that supplies CMT service shall have supporting documents as follows: A. For sale transactions: - CMT agreement - Sale invoice (supply of service ) - Bank statements - Payment documents via local bank - Customs declaration and export documents - Letter certifying the goods origin - Bills of lading B. For import of CMT raw materials - Shipping orders - Invoice for import - Acknowledged Delivery Orders - Customs declaration and import documents - Bills of lading Article 10 Implementation Cabinet chief, Secretary General, Royal Government Delegate in charge as Director General of General Department of Taxation, Royal Government Delegate in charge as Director General or Director General of all General Departments, General Inspector of General Inspectorate, Directors of units under the supervision of the Ministry of Economy and Finance and all relevant enterprises shall implement this Prakas in an effective manner from the date of signature. Phnom Penh, 03 August 2018 Senior Minister Minister of Economy and Finance (Signed and stamped) Akka Bandit Saphea Cha Aun Pornmoniroth
5 Recipient: - Office of the Council of Ministers - Secretary General of the Royal Government - Cabinet of Samdech Akka Moha Sena Padei Techo Prime Minister - Cabinet of Samdech, Excellency, Lok Chumteav Deputy Prime Minister - Municipal and provincial halls - As in Article 10 for implementation - Royal gazette - Archives
6 Enterprise name VATTIN: (Annex Table) Detailed Cut Make and Trim Fee Table for the Month of. Year I. Invoice Invoice Amount Date Invoice No Customer Description Quantity F1 F2 F3 F4 F5 F6 II. Cash Receipt Date Voucher No Buyer Description Amount T1 T2 T3 T4 T5 Total Total
Kingdom of Cambodia Nation Religion King. Prakas on Determination of Contribution Rate and Formality of Paying Contribution for Health Care Scheme
Ministry of Labour and Vocational Training No. 220 K.B/Br.K Kingdom of Cambodia Nation Religion King Prakas on Determination of Contribution Rate and Formality of Paying Contribution for Health Care Scheme
More informationKingdom of Cambodia Nation Religion King 3
Unofficial translation of CAMFEBA (Logo) Ministry of Labour and Vocational Training No. 01 RNKr.BK Kingdom of Cambodia Nation Religion King 3 Sub-decree On Establishment of Social Security Scheme Health
More informationKINGDOM OF CAMBODIA NATION RELIGION KING ******* (Logo) Ministry of Economy and Finance No.: 988 SHV.BrK Phnom Penh, 28 December 2012
KINGDOM OF CAMBODIA NATION RELIGION KING ******* (Logo) Ministry of Economy and Finance No.: 988 SHV.BrK Phnom Penh, 28 December 2012 JOINT PROCLAMATION ON THE PROVISION OF INCENTIVE BONUS TO THE MINISTRY
More informationKingdom of Cambodia Nation Religion King * * * * *
Kingdom of Cambodia Nation Religion King * * * * * Securities and Exchange Commission of Cambodia No. 019/17 SECC/Pr.K. PRAKAS On the Implementation of the Operating Rules of Securities Depository * *
More informationKingdom of Cambodia Nation Religion King 3
Securities and Exchange Commission of Cambodia No. 004/16 SECC/Pr.K. Kingdom of Cambodia Nation Religion King 3 PRAKAS On the Implementation of the Operating Rules of Securities Liquidity Providing of
More informationPRAKAS on. Post Clearance Audit by Customs and Excise Department. Senior Minister, Minister of Economy and Finance
Ministry of Economy and Finance o. 388 MEF.CE KI GDOM OF CAMBODIA ation Religion King 3 PRAKAS on Phnom Penh, 22 May 2008 Post Clearance Audit by Customs and Excise Department Senior Minister, Minister
More informationPRAKAS ON THE DETERMINATION OF THE BASE FOR ACCOUNTING THE VALUE ADDED TAX ON TRANSPORT OF GOODS OR PASSENGERS
Ministry of Economy and finance No. 498 MEF.TD KINGDOM OF CAMBODIA NATION RELIGION KING β PRAKAS ON THE DETERMINATION OF THE BASE FOR ACCOUNTING THE VALUE ADDED TAX ON TRANSPORT OF GOODS OR PASSENGERS
More informationKingdom of Cambodia Nation Religion King 6. Prakas on Tax Registration. Senior Minister. Minister of the Ministry of Economy and Finance
Kingdom of Cambodia Nation Religion King 6 Ministry of Economy and Finance No. 496 MEF Prakas on Tax Registration 6 Senior Minister Minister of the Ministry of Economy and Finance - Having seen the Constitution
More informationKINGDOM OF CAMBODIA NATION RELIGION KING
KINGDOM OF CAMBODIA NATION RELIGION KING 3 MINISTRY OF LABOUR AND VOCATIONAL TRAINING NO. 449 LV/PrK.NSSF PRAKAS ON DETERMINATION OF CONTRIBUTION RATE AND FORMALITIES AND PROCEDURES OF CONTRIBUTION PAYMENT
More informationPRAKAS. On the Implementation of the Membership Rules * * * * *
PRAKAS On the Implementation of the Membership Rules * * * * * Deputy Prime Minister Minister of Economy and Finance, and Chairman of the Securities and Exchange Commission of Cambodia - Having seen the
More informationPRAKAS. On the Implementation of Listing Rules * * * * *
PRAKAS On the Implementation of Listing Rules * * * * * Deputy Prime Minister Minister of Economy and Finance, and Chairman of the Securities and Exchange Commission of Cambodia - Having seen the Constitution
More informationPRAKAS. On the Implementation of the Operating Rules Of Securities Market * * * * *
PRAKAS On the Implementation of the Operating Rules Of Securities Market * * * * * Deputy Prime Minister Minister of Economy and Finance, and Chairman of the Securities and Exchange Commission of Cambodia
More informationKINGDOM OF CAMBODIA NATION RELIGION KING
KINGDOM OF CAMBODIA NATION RELIGION KING MINISTRY OF LABOUR AND VOCATIONAL TRAINING No. 449 LV/PrK. PRAKAS ON ESTABLISHMENT OF SETTLEMENT CONTRIBUTION FUND RATE, PROCESS, AND PROCEDURE OF CONTRIBUTION
More informationCambodia. Rules and procedures for resolving tax appeal at the General Department of Taxation of Ministry of Economy and Finance
Cambodia Modification of fiscal stamp tax rates The Royal Government of Cambodia (RGC) amended the fiscal stamp tax (FST) rates imposed on certain legal documents, business advertising posters, and sign
More informationROYAL KROM. Preah Karona Preah Bath Samdech Preah Boromneath NORODOM SIHAMONI Saman Phoum Cheat Sasana Rokhathiya Khmerarothsas
ROYAL KROM NS/RKM/0618/010 WE Preah Karona Preah Bath Samdech Preah Boromneath NORODOM SIHAMONI Saman Phoum Cheat Sasana Rokhathiya Khmerarothsas Pouthitreathoramohakthat Khmereach Chorna Samohorpheas
More informationArticle 1.1 The following technical terms where used in this sub-decree shall have the meanings ascribed thereto in this Article:
Filename: 05 ANK88-CDC.doc KINGDOM OF CAMBODIA Nation Religion King No. 88/ANK/BK ANU-KRET ON THE IMPLEMENTATION OF THE LAW ON INVESTMENT OF THE KINGDOM OF CAMBODIA The Royal Government of Cambodia Referring
More informationINVESTMENT INCENTIVES IN CAMBODIA
INVESTMENT INCENTIVES IN CAMBODIA PHNOM PENH SECURITIES PLC. No. 32, Monivong Bld, Phnom Penh, Cambodia Tel: +855-23-426-999 Fax: +855-23-426-495 Website: http://www.pps.com.kh In this Paper: Executive
More informationUnofficial Translation
Unofficial Translation Prakas on Structures Duties and Functions of the Cambodia Financial Intelligence Unit The Governor of the National Bank of Cambodia - With reference to the Constitution of the Kingdom
More informationLAW ON FINANCIAL REGIME AND PROPERTY OF MUNICIPALITIES AND PROVINCES
Document prepared by the MLMUPC Cambodia, supported by ADB TA 3577 and LMAP TA GTZ. Preah Reach Kram/CH-RKM-0298/03/25Feb98 Enacted on February 10, 1998 LAW ON FINANCIAL REGIME AND PROPERTY OF MUNICIPALITIES
More informationSIHANOUKVILLE AUTONOMOUS PORT CONDENSED INTERIM FINANCIAL INFORMATION (UNAUDITED) FOR THE TWELVE-MONTH PERIOD ENDED 31 DECEMBER 2017
CONDENSED INTERIM FINANCIAL INFORMATION (UNAUDITED) CONDENSED INTERIM FINANCIAL INFORMATION (UNAUDITED) CONTENTS Pages Report on review of condensed interim financial information 1 Interim statement of
More informationBANKING AND FINANCE & CAPITAL MARKET
Monthly Law Update February 2016 Table of Contents BANKING AND FI- NANCE & CAPITAL MARKET BUSINESS CIVIL PUBLIC LAW TAXATION & CUS- TOMS No 65, St 111 PO Box 172 Phnom Penh Cambodia +855 23 217 510 +855
More informationPresentation On Property Tax Collection
MINISTRY OF ECONOMY AND FINANCE GENERAL DEPARTMENT OF TAXATION KINGDOM OF CAMBODIA NATION RELIGION KING 3 Presentation On Property Tax Collection Department of Tax on Movable and Immovable Properties Contents
More informationGnuRkwtü sþibi ynþkar nignitivifignuvtþc,ab;sþibicivsuvtißpab Sub-decree on Mechanisms and Procedures for Implementing the Law on Biosafety
GnuRkwtü sþibi ynþkar nignitivifignuvtþc,ab;sþibicivsuvtißpab Sub-decree on Mechanisms and Procedures for Implementing the Law on Biosafety Sub-decree on Mechanisms and Procedures for Implementing the
More informationV INVESTMENT. V-1 Policies toward FDI. V-4 Responsible Organization. V-2 Regulatory Framework for Investment. V-5 Quali ed Investment Project
V INVESTMENT V-1 Policies toward FDI Laws and regulations governing FDI in Cambodia are basically designed to encourage investments. As the Law on Investment stipulates, FDIs are treated in a non-discriminatory
More informationMINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA
COPY REGULATION OF THE MINISTER OF FINANCE NUMBER 176/PMK.04/2013 CONCERNING THE AMENDMENT TO REGULATION OF THE MINISTER OF FINANCE NUMBER 254/PMK.04/2011 ON EXEMPTION OF IMPORT DUTY ON GOODS AND MATERIALS
More informationLABOUR DISPUTE ADJUDICATION
DRAFT LAW ON PROCEDURES OF LABOUR DISPUTE ADJUDICATION Ministry of Labour and Vocational Training 25 August 2017 Page 1 of 15 GENERAL PROVISIONS Article 1: This law has a purpose to: - ensure the just,
More informationKINGDOM OF CAMBODIA Nation - Religion - King. PREAH REACH KRAM Kram
Filename: 51 RKM-Law on Insurance-2000.doc KINGDOM OF CAMBODIA Nation - Religion - King No. NS/RKM/0700/02 PREAH REACH KRAM Kram We Preahbath Samdech Preah Norodom Sihanouk Reach Harivong Uphatosucheat
More informationOfficial language is Thai language. Page 1 Vol. 132, Part 72a Government Gazette 5 th August B.E (2015) INHERITANCE TAX ACT, B.E.
Page 1 INHERITANCE TAX ACT, B.E. 2558 (2015) BHUMIBOL ADULYADEJ, REX. Given on the 29th Day of July B.E. 2558; Being the 70th Year of the Present Reign. His Majesty King Bhumibol Adulyadej is graciously
More informationCabinet Decision No. (37) of 2017 on the Executive Regulation of The Federal Decree-Law No (7) of 2017 on Excise Tax
Cabinet Decision No. (37) of 2017 on the Executive Regulation of The Federal Decree-Law No (7) of 2017 on Excise Tax The Cabinet, Having reviewed the Constitution; Federal Law No. (1) of 1972 on the Competencies
More informationKINGDOM OF CAMBODIA Nation Religion King = = = = (Logo) MINISTRY OF ECONOMY AND FINANCE Phnom Penh, 28 December 2012 No.
KINGDOM OF CAMBODIA Nation Religion King = = = = (Logo) MINISTRY OF ECONOMY AND FINANCE Phnom Penh, 28 December 2012 No. 985 SHV-PrK MINISTRY OF COMMERCE No. 0266 NRB INSCRIPTION Date: 14 January 2013
More informationChapter I General Provisions
Chapter I General Provisions Article 1- This law aims at organizing the Social Security Schemes for persons defined by the provisions of the Labor Law of the Kingdom of Cambodia as follows: benefit. benefit.
More informationLegal Pointer. For October (Issue 15) National Social Security Scheme (NSSF) and NSSF Dispute or Complaint Resolution
Legal Pointer For October (Issue 15) National Social Security Scheme (NSSF) and NSSF Dispute or Complaint Resolution Reference: 1. Law on Social Security Schemes for Persons Defined by the Provisions of
More informationGENERAL AGREEMENT ON TARIFFS AND TRADE
GENERAL AGREEMENT ON TARIFFS AND TRADE RESTRICTED COM.IND/W/55/Add.24/Rev.1 21 November 1980 Limited Distribution REPLIES TO THE QUESTIONNAIRE ON LICENSING TURKEY Revision Outline of systems 1 Import licences
More informationKINGDOM OF CAMBODIA NATION RELIGION KING ELECTRICITY AUTHORITY OF CAMBODIA REGULATIONS
KINGDOM OF CAMBODIA NATION RELIGION KING ELECTRICITY AUTHORITY OF CAMBODIA REGULATIONS ON GENERAL PRINCIPLES FOR REGULATING ELECTRICITY TARIFFS IN THE KINGDOM OF CAMBODIA Under Electricity Law of The Kingdom
More informationDebt Sustainability Framework Debt Sustainability Analysis (Cambodia) DMF Stakeholders Forum June 3-4, 2015, Manila, Philippines
Debt Sustainability Framework Debt Sustainability Analysis (Cambodia) DMF Stakeholders Forum June 3-4, 21, Manila, Philippines Thirong PEN Deputy Director General General Department of Budget Ministry
More informationRoyal Decree on Organizing Department of Energy Development and Promotion, Ministry of Science, Technology and Environment, B.E.
Royal Decree on Organizing Department of Energy Development and Promotion, Ministry of Science, Technology and Environment, B.E. 2537 (1994) BHUMIBHOL ADULYADEJ, REX. Given on the 16th day of July B.E.
More informationCambodia Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: June Cambodia (2016) 1
Cambodia Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: June 2016 Cambodia (2016) 1 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double
More informationTHE CUSTOMS ACT (NO.18) B.E BY COMMAND OF THE KING S MOST EXCELLENT MAJESTY.
20 January 2010 THE CUSTOMS ACT (NO.18) B.E. 2543 BY COMMAND OF THE KING S MOST EXCELLENT MAJESTY. Was promulgated on the 8th Day of November 2543 His Majesty King Bhumibol Adulyadej is graciously pleased
More informationFile: 09 MOC Secured Transactions. Kingdom of Cambodia. Nation -- Religion -- King. Law of Secured Transactions. Prepared by:
File: 09 MOC Secured Transactions Kingdom of Cambodia Nation -- Religion -- King Law of Secured Transactions Prepared by: World Bank Legal Advisory Assistance Unit Ministry of Commerce 5 January 1999 Index
More informationArticle 26 Co-operation in the Field of Automotive Industry
Article 26 Co-operation in the Field of Automotive Industry The Countries shall co-operate, with the participation of their respective automotive industries, to further enhance competitiveness of the automotive
More informationInternational Tax Cambodia Highlights 2018
International Tax Cambodia Highlights 2018 Investment basics: Currency Khmer Riel (KHR) Foreign exchange control Payments for commercial transactions may be made freely between residents and nonresidents,
More informationThis is an unofficial translation
Federal Decree-Law No. (8) of 2017 on Value Added Tax We, Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, Having reviewed the Constitution, Federal Law No. (1) of 1972 on the Competencies
More informationOn Approving the Regulation on the Procedure of Liquidating Non-State-Owned, Not-for-Profit Enterprises RESOLUTION #5 OF THE CABINET OF MINISTERS
On Approving the Regulation on the Procedure of Liquidating Non-State-Owned, Not-for-Profit Enterprises 26.01.2015 RESOLUTION #5 OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN OF JANUARY 15,
More information1. The National Energy Policy Council (NEPC)
The energy sector in Thailand is managed by the National Energy Policy Council (NEPC), established under the National Energy Policy Council Act, B.E. 2535 (1992), with the National Energy Policy Office
More informationThe Kingdom of Saudi Arabia Excise Tax Implementing Regulations Issued by Board of Directors Resolution no of 5/9/1438
The Kingdom of Saudi Arabia Excise Tax Implementing Regulations June 2017 Introduction This document is an English version of the Kingdom of Saudi Arabia Excise Tax Regulations published by the General
More informationIntroduction. Choose the language your prefer.
The United Arab Emirates Federal Decree-Law No. (8) of 2017 on the Value Added Tax Law August 2017 Introduction This document is an English version of The United Arab Emirates Federal Decree-Law No. (8)
More informationCabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal Decree-Law No (8) of 2017 on Value Added Tax
Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal Decree-Law No (8) of 2017 on Value Added Tax The Cabinet: Having reviewed the Constitution, Federal Law No. (1) of 1972 on
More informationArticle (4) Article (5) Article (6) Article (7)
We, Al-Hussein the First, King of the Hashemite Kingdom of Jordan Upon Article 31 of the Constitution And Upon the Cabinet s resolution of 6.11.1993, We order the following Regulation: Regulation No. 74
More informationCommon and Current Tax Issues in Cambodia 2016
Common and Current Tax Issues in Cambodia 2016 Taxation Practice in Cambodia Thai Business Council in Cambodia (TBCC) Phnom Penh, Cambodia 2 September 2016 BANGLADESH CAMBODIA INDONESIA LAO PDR MYANMAR
More informationFOREWORD Samdach Akka Moha Sena Padei Techo Hun Sen
ANNUAL REPORT 2016 FOREWORD Cambodia still maintains the economic growth rate at average about 7% in 2016 and is estimated to grow at the same pace in the following year even the global and regional economic
More informationResolution of the Supreme Rada of Ukraine On Procedures for Implementing the Law of Ukraine "On Excise Duty on Alcoholic Drinks and Tobacco Products"
Resolution of the Supreme Rada of Ukraine On Procedures for Implementing the Law of Ukraine "On Excise Duty on Alcoholic Drinks and Tobacco Products" The Supreme Rada of Ukraine resolves: 1. Implement
More informationCIRCULAR ON SPECIAL SALES TAX
MINISTRY OF FINANCE No. 18-2005-TT-BTC SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness Hanoi, 8 March 2005 CIRCULAR ON SPECIAL SALES TAX Amending adding to Circular 119-2003-TT-BTC of
More informationTax File No. Sultanate of Oman Ministry of Finance Secretariat General for Taxation
For official use No: Date: Tax File No. Sultanate of Oman Ministry of Finance Secretariat General for Taxation Income Tax Form No (14) Final Return of Income of Omani Company for tax year.. (Accounting
More informationJoint Media Statement of the 16 th ASEAN Finance Ministers Meeting (AFMM) Phnom Penh, Cambodia, 30 March 2012
Joint Media Statement of the 16 th ASEAN Finance Ministers Meeting (AFMM) Phnom Penh, Cambodia, 30 March 2012 Theme: ASEAN - One Community, One Destiny Introduction 1. We, the ASEAN Finance Ministers,
More informationNEW END-OF-YEAR TAX LEGISLATION (2017) AMENDMENTS TO THE REGULATIONS ON A NUMBER OF TAXES
COMMENTARY TAX 1-2018 JANUARY 2018 NEW END-OF-YEAR TAX LEGISLATION (2017) AMENDMENTS TO THE REGULATIONS ON A NUMBER OF TAXES The Official State Gazette of December 30, 2017 published Royal Decree-Law 20/2017,
More informationCOPY REGULATION OF MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 150 /PMK.010/2018 CONCERNING
MINISTER OF FINANCE REPUBLIC OF INDONESIA COPY REGULATION OF MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 150 /PMK.010/2018 CONCERNING PROVISION OF CORPORATE INCOME TAX DEDUCTION FACILITY BY
More informationMONTHLY LAW UPDATE EDUCATION YOUTH AND SPORT. - Ministry of Tourism; - The Office of Council of Ministers; - Ministry of Economy and Finance;
MONTHLY LAW UPDATE December 2015 TABLE OF CONTENTS EDUCATION YOUTH AND SPORT ENVIRONMENT HEALTH AND MEDICINES PUBLIC LAW TAXATION AND CUSTOMS TOBACCO AND DRUCG CON- TROL EDUCATION YOUTH AND SPORT Sub Decree
More informationIndustrial Estate Authority of Thailand Act, B.E (1979) Translation
Industrial Estate Authority of Thailand Act, B.E. 2522 (1979) Translation BHUMIBHOL ADULYADEJ, REX. Given on 19 th March B.E. 2522 Being the 34 th Year of the Present Reign His Majesty King Bhumibhol Adulyadej
More information1 L.R.O International Business Companies CAP. 77 CHAPTER 77 INTERNATIONAL BUSINESS COMPANIES
1 L.R.O. 1993 International Business Companies CAP. 77 CHAPTER 77 INTERNATIONAL BUSINESS COMPANIES ARRANGEMENT OF SECTIONS SECTION 1. Short title. 2. Purposes of Act. 3. Interpretation. 4. International
More informationFederal Decree-Law No. (7) of 2017 on Excise Tax
Federal Decree-Law No. (7) of 2017 on Excise Tax We, Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, Having reviewed the Constitution; Federal Law No. (1) of 1972 on the Competencies
More informationINTERNATIONAL DEVELOPMENT ASSOCIATION
Public Disclosure Authorized CONFORMED COPY GRANT NUMBER H324-KH Public Disclosure Authorized Financing Agreement (Poverty Reduction and Growth Operation) Public Disclosure Authorized between KINGDOM OF
More informationKINGDOM OF CAMBODIA NATION RELIGION KING. ARBITRAL AWARD (Issued under Article 313 of the Labour Law)
KINGDOM OF CAMBODIA NATION RELIGION KING RkumRbwkSaGaCJakNþal THE ARBITRATION COUNCIL Case number and name: 70/11-Goldfame Date of Award: 13 July 2011 Dissenting opinion by: Ing Sothy ARBITRAL AWARD (Issued
More informationAssessment of the National Social Security Fund (NSSF) operations Cambodia TERMS OF REFERENCE
Assessment of the National Social Security Fund (NSSF) operations Cambodia TERMS OF REFERENCE I. Background The Law on Social Security Scheme for workers covered under the Labour Law was enacted in 2002,
More informationTHE MINISTRY OF FINANCE
THE MINISTRY OF FINANCE Circular No. 28/2011/TT-BTC of February 28, 2011, guiding a number of articles of the Law on Tax Administration and the Government s Decree No. 85/2007/ND-CP of May 25, 2007, and
More information13. What banking business in foreign currency is permitted to use foreign currency?
FREQUENTLY ASKED QUESTIONS BANK INDONESIA CIRCULAR NO. 17/11/DKSP /DKSP DATED 1 JUNE 2015 CONCERNING MANDATORY USE OF RUPIAH WITHIN THE TERRITORY OF THE REPUBLIC OF INDONESIA A. GENERAL REVIEW 1. What
More informationMinister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER : 45/M-DAG/PER/9/2009
Minister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER : 45/M-DAG/PER/9/2009 CONCERNING IMPORTER IDENTITY NUMBER (API) BY THE GRACE OF GOD
More informationExcise Obligations For Units Paying Duty Of More Than 1.0 Crores Annually As Per Notifications Issued On
Excise Obligations For Units Paying Duty Of More Than 1.0 Crores Annually As Per Notifications Issued On 29.09.08 All the units paying duty of more than Rs.1 crore (Cenvat Credit + PLA payment) have to
More informationPAYMENT OF SENIORITY INDEMNITY
JBL newsletter 12 Nov. 2018_attachment 1 PAYMENT OF SENIORITY INDEMNITY BY HIS EXCELLENCY HENG SOUR Ministry of Labour and Vocational Training dated 23 September 2018 unofficial translation by JBL Mekong
More informationRoyal Decree issued under the Revenue Code Regarding Reduction and Exemption from Revenue Taxes (No. 508) B.E (2010)
Royal Decree issued under the Revenue Code Regarding Reduction and Exemption from Revenue Taxes (No. 508) B.E. 2553 (2010) BHUMIBOL ADULYADEJ P.R.; Given on the 27th day of October B.E. 2553; Being the
More informationMOCK EXAM PAPER QUESTIONS
MOCK EXAM PAPER QUESTIONS Time allowed Reading and planning: 15 minutes Writing: 3 hours All FIVE questions are compulsory and MUST be attempted. Tax rates and rebates are listed on page 2. CAMBODIAN TAXATION
More informationPAT Professional Limited
Cambodian Pocket Tax & Corporate Guide 2nd edition - 1 May 2017 The information in this publication is provided for the purpose of information only. No guarantee is given f o r the accuracy of the information
More informationINTERPRETATION NOTE: NO. 40 (Issue 2)
INTERPRETATION NOTE: NO. 40 (Issue 2) DATE : 30 March 2012 ACT : VALUE-ADDED TAX ACT NO. 89 OF 1991 (the VAT Act) SECTIONS : SECTIONS 1, 7, 8, 9, 10, 11, 12, 13 AND 18 AND ITEM 498.00 IN PARAGRAPH 8 of
More informationTHE WORLD BANK IBRD * IDA I WORLD BANKGROUP
Public Disclosure Authorized Constantine Chikosi Acting Country Director Brunei, Cambodia, Lao PDR, Malaysia, Myanmar, Thailand East Asia and Pacific Region THE WORLD BANK IBRD * IDA I WORLD BANKGROUP
More informationTax updates PwC- Proud to be the leading tax advisor globally
Tax updates 2013 PwC- Proud to be the leading tax advisor globally Disclaimer These Notes on the Inland Revenue (Amendment) Act No. 18 of 2013 Economic Service Charge (ESC), Value Added Tax (VAT), Nation
More informationLao People s Democratic Republic Peace Independence Democracy Unity Prosperity
Authentic in Lao Only Prime Minister Office Lao People s Democratic Republic Peace Independence Democracy Unity Prosperity Decree on Export of Mining Products Ref.90/PM Vientiane Capital, date 09 June
More informationThe Postponement to Pay Immovable Property Tax for 2013 Tax Payment for the Business of Boreys, Flats, Villas and Buildings for Sale
Bun & Associates TAX UPDATE The Postponement to Pay Immovable Property Tax for 2013 Tax Payment for the Business of Boreys, Flats, Villas and Buildings for Sale Registration Obligation for Organizations
More informationCEO MESSAGE... 2 BOARD OF DIRECTORS... 4 EXECUTIVE MANAGEMENT ORGANIZATIONAL CHART FINANCIAL HIGHTLIGHT FINANCIAL RESULTS...
Table of Contents Pages VISION AND MISSION... 1 VISION... 1 MISSION... 1 CEO MESSAGE... 2 BOARD OF DIRECTORS... 4 EXECUTIVE MANAGEMENT... 11 ORGANIZATIONAL CHART... 16 FINANCIAL HIGHTLIGHT... 17 FINANCIAL
More informationEmergency Decree on Secondary Mortgage Finance Corporation, B.E (1997) Translation
Emergency Decree on Secondary Mortgage Finance Corporation, B.E. 2540 (1997) Translation BHUMIBOL ADULYADEJ, REX Given on the 27th day of June B.E. 2540 Being the 52nd Year of the Present Reign By Royal
More informationSECURITIES MARKET: MORE THAN JUST A SOURCE OF FUNDING WEDNESDAY MAY 18, 2016
SECURITIES MARKET: MORE THAN JUST A SOURCE OF FUNDING WEDNESDAY MAY 18, 2016 Contents Introduction of the CSX Brief about the CSX Market Operations Cambodia Securities Listing Main Benefits of Securities
More informationSOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness. General Provisions
GOVERNMENT No. -2006-ND-CP Draft 1653 SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness Hanoi, [ ] 2006 DECREE PROVIDING GUIDELINES FOR IMPLEMENTATION OF LAW ON INVESTMENT Pursuant to the
More informationTHE KERALA VALUE ADDED TAX RULES, 2005 FORM NO.13A
THE KERALA VALUE ADDED TAX RULES, 2005 FORM NO.13A [See Rule 20(8)] STATEMENTS OF PARTICULARS IN THE CASE OF PERSON CARRYING ON BUSINESS 1. Name of the Dealer : 2. Address : 3. Registration No. : 4. Assessment
More informationGOODS AND SERVICE TAX (GST) TRANSITIONAL PROVISIONS COMPILED AND PREPARED BY : CA SAGAR THAKKAR
GOODS AND SERVICE TAX (GST) TRANSITIONAL PROVISIONS COMPILED AND PREPARED BY : CA SAGAR THAKKAR PRESENTATION COVERAGE TRANSITIONAL PROVISIONS UNDER CGST/SGST ACT SEC. 139 TO 142 OF CGST ACT TRANSITIONAL
More informationCOPY OF REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 69/PMK.04/2012 CONCERNING
COPY OF REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 69/PMK.04/2012 CONCERNING EXEMPTION OF IMPORT DUTY AND / OR EXCISE ON THE IMPORTED GOODS OF GIFTS / GRANTS FOR PURPOSES
More informationCAMBODIA NATIONAL MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT REPORT
CAMBODIA NATIONAL MONEY LAUNDERING AND TERRORIST FINANCING RISK ASSESSMENT REPORT 8 Foreword Money laundering is the acts that criminals convert properties generated from proceeds of crimes into legitimate
More informationMINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA DIRECTOR GENERAL OF TAXES REGULATION NUMBER PER-10/PJ/2017 CONCERNING
MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA DIRECTOR GENERAL OF TAXES REGULATION NUMBER PER-10/PJ/2017 CONCERNING THE APPLICATION PROCEDURE OF DOUBLE TAXATION CONVENTION DIRECTOR GENERAL OF TAXES,
More informationContents. Oeur Sophal, Deputy Director of Department
National Accounts of Cambodia Oeur Sophal, Deputy Director of Department \\csng14p20101\covsea$\ibduser\cambodia\project Tiger\Ratings Review\S&P\Ratings Review_22Oct2007_sent.ppt /1 Contents 1. Background
More informationPRASAC MICROFINANCE INSTITUTION LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014
FINANCIAL STATEMENTS FINANCIAL STATEMENTS CONTENTS Page (s) DIRECTORS REPORT 1-3 INDEPENDENT AUDITOR S REPORT 4 FINANCIAL STATEMENTS Balance sheet 5 Income statement 6 Statement of changes in shareholders
More informationGeneral Authority of Zakat and Tax Excise Tax Implementation. Excise Tax Guidelines
General Authority of Zakat and Tax Excise Tax Implementation Content: Preface Introduction Excise Tax Registration Payment of Excise Tax Excise Tax Returns Customs Declaration Tax Warehouse Movement of
More informationDECREE No 104 OF 17 MAY 2008 ON ORGANIZATION AND COORDINATION OF MANAGEMENT OF RESOURCES FROM THE FUNDS OF THE EUROPEAN UNION
DECREE No 104 OF 17 MAY 2008 ON ORGANIZATION AND COORDINATION OF MANAGEMENT OF RESOURCES FROM THE FUNDS OF THE EUROPEAN UNION Effective as of 20 May 2008 Promulgated, SG No 47 of 20 May 2008, as amended,
More informationKINGDOM OF SAUDI ARABIA. Capital Market Authority
KINGDOM OF SAUDI ARABIA Capital Market Authority Instructions for the Foreign Strategic Investors Owner ship in Listed Companies (draft) Issued by the Board of the Capital Market Authority Pursuant to
More information- 1 - Table 1. Cambodia: Policy Framework Paper Matrix,
- 1 - Table 1. Cambodia: Framework Paper Matrix, 1. Fiscal Reform Generate additional revenue of 4 percent of GDP over four years to 2002. a. Broaden revenue base. Review mechanism for timber royalties,
More information(e) the term customs value of goods means the value of goods for the purposes of levying ad valorem customs duties on imported goods;
(e) the term customs value of goods means the value of goods for the purposes of levying ad valorem customs duties on imported goods; (f) the term domestic industry means the producers as a whole of the
More informationTax Newsletter February For internal use only
Tax Newsletter February 2018 For internal use only NEW REGULATIONS New regulations on the application of trade remedies Procedures for the registration of import tax incentive for an automotive manufacturer
More informationLaos Introduces Major Amendments to Law on Investment Promotion
Laos Introduces Major Amendments to Law on Investment Promotion Dino Santaniello dino.s@tilleke.com The Law on Investment Promotion No. 14/NA (LIP) became effective in Laos on April 19, 2017, and replaces
More informationValue Added Tax ( VAT ) in the UAE
Value Added Tax ( VAT ) in the UAE 2307, LIWA HEIGHTS, JUMEIRAH LAKES TOWERS, P.O. BOX: 43711, DUBAI, U.A.E. 2705, API TOWER, AL BARSHA, P.O. BOX: 43711, DUBAI, U.A.E. M&M AL MENHALI AUDITING IS A MEMBER
More informationOfficial language is Thai language ROYAL DECREE
For translation purpose only Official language is Thai language ROYAL DECREE Issued under the Revenue Code Governing Reduction of Tax Rates and Exemption of Taxes (No. 586) B.E. 2558 (2015) BHUMIBOL ADULYADEJ,
More informationINPUT INPUT TAX TAX CREDIT
INPUT TAX CREDIT PROVISIONS GOVERNING TAX CREDIT S.NO. PARTICULARS SECTION/RULE 1. Tax Credit Section 9 2. Adjustment to tax Credit Section 10 3. Apportionment of tax Credit Rule 6 4. Restrictions and
More informationGOVERNMENT OF THE REPUBLIC OF INDONESIA REGULATION NUMBER 27 YEAR 2017 REVISION TO GOVERNMENT REGULATION NUMBER 79 YEAR 2010
GOVERNMENT OF THE REPUBLIC OF INDONESIA REGULATION NUMBER 27 YEAR 2017 ON REVISION TO GOVERNMENT REGULATION NUMBER 79 YEAR 2010 ON RECOVERABLE OPERATING COST AND THE TREATMENT OF INCOME TAX IN THE UPSTREAM
More informationSOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness
GOVERNMENT No. 23-2007-ND-CP SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness Hanoi, 12 February 2007 DECREE PROVIDING REGULATIONS FOR IMPLEMENTATION OF COMMERCIAL LAW REGARDING PURCHASE
More informationPRAKAS. Khmer Riel Denominated Check Clearing House
Nº B5-00-170 Pro Kor PRAKAS On Khmer Riel Denominated Check Clearing House Article 1: Article 2: Article 3: Article 4: Chapter 1 General Provisions To set up the regulations on the Riel (KHR) denominated
More information