INTRODUCTION

Cambodia’s taxation rules vary according to the taxpayer’s regime. FIC has managed to deliver the most practical courses in this area in order to help SMEs cope with the rising demand for full compliance with Cambodian taxation law.

TAXATION


General overview of taxation in Cambodia


MINIMUM TAX


    • General overview
    • Administration


WITHHOLDING TAXES

    • Definition
    • Withholding tax rate
    • Rental of movable and immovable property
    • Other payments
    • Royalties on Intangibles
    • Interest from one Resident Taxpayer to another Resident Taxpayer
    • Interest paid by a domestic bank to a resident tax payer
    • Interest paid by a domestic bank to a resident tax payer with non-fixed term deposit
    • Deductibility of withholding taxes


TAX ON SALARY

    • General overview
    • Residency
    • Taxable salary
    • Deductions
    • Rates of tax
    • Practical examples
    • Tax on Fringe Benefit
    • Administration

VALUE ADDED TAX (VAT)

    • General overview
    • Scope of application
    • Exempt goods and services
    • Rates of ax
    • Basis of taxation
    • Commercial and Tax Invoices
    • Tax adjustment and credit note
    • Practical examples
    • Registration
    • Administration


TAX ON PROFIT

    • Scope of taxation
    • Residency and source
    • Rates of tax
    • Prepayments
    • Tax holidays
    • Calculation of taxable profits
    • Charitable contribution and interest expense calculation
    • Special depreciation
    • Losses
    • Transfer pricing
    • Administration

SPECIFIC TAX ON CERTAIN MERCHANDISE AND SERVICES

    • General overview
    • Rates of tax
    • Basis of taxation
    • Administration

IMPORT AND EXPORT DUTIES OTHER TAXES

    • Tax for public lighting
    • Accommodation tax
    • Tax on house and land rent
    • Patent tax
    • Fiscal stamp tax
    • Tax on immovable property
    • Tax on unused land
    • Registration tax
    • Tax on means of transportation
    • Tax stamps


OTHER IMPORTANT ISSUES

    • Double Taxation Agreements
    • International Agreements
    • CDC & Qualified Investment Project
    • Statutory Audit Requirement
    • Business Registration Procedures
    • Sample Invoices and Tax Declaration Forms


GUIDED LEARNING HOUR


FIC recommends that 140-160 additional learning hours is suitable course duration for an average candidate at thislevel. This figure includes direct contact hours as well as other time when candidates ‘work is being supervised byteachers. Ultimately, however, it is the responsibility of training centers to determine the appropriate course durationbased on their candidates ‘ability and level of existing knowledge. FIC experience indicates that the number of earning hours can vary based on candidate competency.


EXAMINATION FORMAT


The time allowance for the examination is 3 hours. There are 5 questions on the examination paper. All of the questions are compulsory. All questions carry equal marks. The answers required will be predominantly quantitative. At least 2 of the following syllabus topics will appear on each examination:



    1. With holding tax
    2. Tax on salaries
    3. Tax on profits
    4. Value added tax

MARK ALLOCATION


A positive marking approach is used; although candidates will be penalized for initial calculation errors, they will gain marks for consequential ‘own figures’ as long as the correct use of principles has been demonstrated.


CERTIFICATION


Successful candidates will be awarded the Certificate of Cambodian Taxation based on the achievement of the percentages and grades below:

    • Pass 50%
    • Merit 60%
    • Distinction 75%