Legal and Tax Updates

Issue: No. 003P/23 – 23 February 2023

On 16 February 2023, the General Department of Taxation (the “GDT”) issued a Notification No. 5735 GDT on Annual Income Tax Returns Filing for Tax Year 2022 (the “Notification”).

This Notification aims to inform all enterprises under the self-assessment regime (self-assessment taxpayers) the obligation to file their annual income tax returns and to pay their due taxes for 2022 tax year as follows:

• No later than 31 March 2023 for enterprises that use taxable year same as the calendar year as per Instruction No. 3140 GDT dated 18 February 2021.
• Within 3 months after the end of the tax year for enterprises that use taxable year which is different from the calendar year.
• For enterprises that have branches are required to file their annual income tax returns using their consolidated revenues from their principal establishments and all their branches with attachment of the list of their revenue and expense accounts and the list of fixed assets from their representative branches as indicated in the system.

Therefore, all enterprises shall fulfill its obligation in the filing of their annual income tax returns and the payment of their due taxes in accordance with the laws and regulations.

Should there be any doubts or inquiries, all enterprises can contact the Taxpayer Service Bureau of the Department of Large Taxpayers, Tax Branches or call to hotline Call Center 1277 as well as GDT Live Chat.

Disclaimer:

The article is merely for general information purposes. It does not constitute a legal advice on the subject matter. If you have any question or need any assistance, please feel free to contact us:

	SON Sokeng, Partner, Managing Director sokeng.son@sithisak-lawoffice.com +855 12 885 870	Sokeng has more than 8 years of professional experiences in corporate, commercial, investment and capital market sector in Cambodia. He advised and assisted various companies in various legal compliance issues, major investment projects and in conducting legal due diligence for major M&A and IPO projects. He has led many legal counsel teams to advise and assist ACLEDA Bank Plc., Phnom Penh Autonomous Port and other SMEs in the process of listing and proposed listing on the Cambodia Securities Exchange (CSX).
	Dr. CHHAK Limchheang, Senior Legal Advisor, Deputy Head of Real Estate and Construction Practice Group limchheang.chhak@sithisak-lawoffice.com +855 89 813 160	Limchheang has several years of professional experiences in real estate-related transaction and construction sector in Cambodia. He has advised local and foreign clients on acquisition and disposal of residential, industrial and commercial properties, on commercial lease, factory perpetual lease, real estate joint venture development and FIDIC agreements. Recently, he led counsel to advise on both real estate and tax issues of real estate development project with an approximate investment portfolio of USD 40 million in Kampot Province. He is currently leading a legal counsel to advise a major domestic company in their joint venture property development with an investment portfolio nearly USD 200 million in Phnom Penh.

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