Taxpayers are required to file their annual Personal Income Tax (“PIT”) returns for the financial year 2024–2025 (“FY2024–2025”) with their respective tax offices by 30 June 2025. Under the Union Tax Law 2024 and the related notification issued by the tax offices, all taxpayers—regardless of residency status—must pay PIT in the currency in which the […]

The Union Tax Law 2025 (“UTL 2025”) was enacted on 31st March 2025 by the State Administration Council (“SAC”). It is applicable for the financial year (“FY”) 2025-2026 (1st April 2025 to 31st March 2026). The 2025 UTL takes effect on 1 April 2025. Key revisions include an increase in specific goods tax rates on […]

General Understanding of the Lao constitution The Lao Official Gazette published the proposed draft amendment to the Constitution of the Lao PDR on 23 January 2025 (“Draft Amendment”), inviting public feedback and consultation. The most recent revision occurred in 2015, so the current Constitution has been in effect for a decade. The Constitution of the […]

Effective 25 January 2025, the export and import taxation system has been reinstated under MOPF Notification No. 8/2025 and Customs Department Announcement No. 001/2025. Tax calculations will now be based on the CBM’s foreign exchange reference rate of MMK 2,100 per USD.      This reinstatement is made following the recent issuance of the MOPF’s Notification […]

With effect from 1 January 2025, taxes on exported and imported goods will now be assessed and collected by the Customs Department using a weekly exchange rate based on the Central Bank of Myanmar (CBM)’s market trading rate. This announcement has been made by issuing Notification No. 90/2024, from the Ministry of Planning and Finance […]

To enhance stability in the foreign exchange rate and streamline transactions while facilitating import trade, boosting business, industry, and commerce, and ensuring the supply of essential consumer goods in the domestic market, guidelines have been issued for determining the cash margin rate when opening import credit letters for almost all products—with a few exceptions as […]

In April 2024, the General Department of Taxation (“GDT”) of Cambodia introduced its long-awaited Manual on the Methods and Procedures of Tax Audits, also referred to as the “Tax Audit SOPs.” This comprehensive document includes updated guidelines for tax audit procedures and aims to enhance the effectiveness and transparency of tax audits. Currently, the GDT […]

On 23 July 2024, the General Department of Taxation (“GDT”) held a workshop Standard Operating Procedures (“SOP”) for Tax Audit and Tax Crime Investigation. The workshop featured prominent speakers, including H.E. Mr. Kong Vibol, Director General of the GDT, Neak Oknha Kith Meng, President of the Cambodian Chamber of Commerce, and Mr. Edwin Vanderbruggen, Senior […]

VDB Loi team in Myanmar is delighted to share Myanmar Tax Booklet 2023-2024 2024-2025.  The publication includes following topics: 

VDB Loi ベトナム事務所は、「ベトナム税務小冊子2024」をご提供させていただきます。この出版物では：

The 2024 Union Tax Law (the “2024 UTL”) was enacted on 29 March 2024 by the State Administration Council. It applies to financial year (“FY”) 2024-2025 (i.e. 1 April 2024 to 31 March 2025) and entered into effect on 1 April 2024. One of the changes under the 2024 UTL is that all taxpayers are […]

Introduction In an attempt to break the logjam of outstanding tax audit disputes, the General Department of Taxation (“GDT”) in Cambodia has been actively working to make progress on these cases. Recent findings from a study that VDB Loi conducted in early March 2024 on Cambodian tax audits processing identified areas for improvement, including audit […]

When a taxpayer has engaged in similar transactions with both related and unrelated parties, the use of the price or profit margin of the unrelated transaction for the related transaction is an obvious consequence of the arm’s length principle and the Comparable Uncontrolled Price method (CUP). Tax authorities in Vietnam and Cambodia, both noted manufacturing […]

The determination and taxation of the Cambodian sourced income of international shipping liners has long posed problems in this dynamic Southeast Asian country. As a longstanding manufacturing hub, imports of raw materials and export of finished and semi-finished products are hallmarks of Cambodia’s robust economy. However, the taxation of shipping lines has been an area […]

The Ministry of Finance issued Notice No. 1360/MOF dated 23 April 2024 stating that effective from 1 May 2024, the 10% value added tax (“VAT”) rate will be implemented as discussed in our news alert dated on March 20, 2024. Here are brief details of the notice. VAT-taxable activities VAT calculation Any invoices for goods […]

The promulgation of Sub-Decree 49 ANKr. BK (referred to as the “New Sub-Decree”) on Value Added Tax (“VAT”) marks a positive update to the existing taxation framework, particularly the 1999 Sub-decree 114 ANKr.BK on VAT. Enacted by the General Department of Taxation (“GDT”) on 11 March, 2024, this new Sub-Decree introduces important updates and amendments […]

The annually enacted Union Tax Law (“UTL”) has been recently issued on 29 March 2024, applying to 2024 – 2025 Financial Year (“FY 2024 – 2025”) starting from 1 April 2024 and ending on 31 March 2025. The 2024 UTL comes into effect on 1 April 2024. The major changes in the 2024 UTL include […]

要するに、外国企業が事業を行うためにはカンボジアで事業体を登録する必要がありますが、法人である必要はありません。カンボジアの商業企業法（LCE）によると、3つの形態のいすれかを選択することができます。

As we expected, Presidential Edict No. 003/P issued 19 March 2024 will reset the VAT rate of 7% that became effective less than two and a half years ago back to 10%. This change in rate will occur either late in the second quarter or early in third quarter of 2024, 15 working days after […]

Following where China has been spending and investing its Belt & Road Initiative (“BRI”) capital can provide FDI clues and reveal new opportunities in recipient countries. As infrastructure builds start to yield productive user cashflows and the need for subsequent support services arises, case studies for investment potential become apparent. In this new series, we […]