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Coffee Talk: Tax Updates – New Regulations

The General Department of Taxation has been busy over the past few months, issuing several new regulations that will change the landscape of Cambodian taxation.

The objective of this seminar is to update you on the latest changes and give you practical information on how this will affect your business’s operations. As a leading tax advisory firm in Cambodia, we have firsthand experience of the changing practices of the tax authorities, and interpreting and applying the relevant regulations – both old and new.

Highlights

  • VAT invoices.
  • Extension of Suspension of Prepayment of Profit Tax for Garment and Footwear Manufacturers
  • Classification of Real Regime Taxpayers
  • Method and Procedure on Implementation of Simple Accounting Record for Small Real Regime Taxpayers
  • Method and Procedure for Management and Collection of Patent Tax
  • Patent Tax Filing and Payment
  • New Tax Audit and Protest Procedures
  • Tax Arbitration Committee
  • Response letter from GDT to the GMAC’s queries regarding PPT suspension and tax audit procedure
  • Sub-decree on dropping the 4% registration tax of transferring ownership

Please note that this seminar will be conducted in Japanese.

Attendance is free, and light refreshments will be provided. Seats are limited and will be allocated on a first-come, first-served basis. RSVP to Yumi Ishimoto at yumi[email protected] or on +855 10 333 109.

Speakers

Laysym Sim
Partner
VDB Loi

Laysym is an experienced tax advisor with a degree in management. He has over 11 years of work experience, including with KPMG and DFDL in Cambodia, where he was responsible for relations with the tax authorities. He has advised on tax planning for large property projects, on employee benefits, and has conducted tax due diligence on several major acquisitions in Cambodia. He has worked with a wide variety of clients, focusing particularly on the real estate and transportation industries.

Laysym heads VDB Loi’s Controversy Team, our successful group of senior tax advisors 100% dedicated to tax audits and disputes. He has a long and proven track record of successful defense of multinationals, banks and property developers.

Yumi Ishimoto
Director
VDB Loi

Moto has 25+ years of experience working in Southeast Asia as an administrator, auditor, and accountant, including several years with PwC as a senior auditor, and as a director with PPSEZ. Moto holds a degree in Business Administration from Yokohama National University and heads the Japanese desk of our firm, assisting clients in Cambodia and throughout the region.

EVENT DETAILS

DATE:
February 11, 2016
TIME:
9:00am - 11:00am
VENUE:
VDB Loi Office