Cambodia Investment Review
The American Chamber of Commerce and General Department of Taxation will hold a joint forum on Wednesday, September 28th titled “Tax Updates and Audits” featuring several of Cambodia’s leading tax stakeholders including the Director General of GDT H.E. Kong Vibol as keynote speaker.
The event will be held at the “Raffles Le Royal Hotel”, starting from 8am and ending around 12pm with the keynote speech will be delivered by His Excellency Kong Vibol, Delegate of the Royal Government in charge as Director-General of the General Department of Taxation (GDT).
Clint O’Connell, Chairman of the AmCham Tax Committee, will speak on “Recent Tax Updates”.
Mr. O’Connell is expected to cover recent progress between the GDT and the Tax Working Group, especially Shareholder Loan documentation requirements and applicable interest rates, Cash Advances, the tax treatment of deposits on Leases, the new availability of Voluntary Disclosure, Prakas on VAT on E-Commerce, Annual Account Filing with the Accounting and Auditing Regulator, Transfer Pricing, Trust Law, and much more.
Transfer Pricing expert Kieron Gaffney Director at Hybrid Tax Global, will participate in a panel discussion and elaborate further on Transfer Pricing procedures, documentation requirements, and tax applications.
AmCham President, Anthony Galliano will moderate two-panel discussions focusing on “E-Commerce” and “Transfer pricing and other key issues in Tax Audits”. In addition to Mr. O’Connell and Mr. Gaffney, a senior official from the GDT will participate in the panel discussions.
For E-Commerce; H.E. Mr. Ken Sambath, Deputy Director General of GDT, Mr. Lim Delux, Deputy Director General of GDT, and Mr. Eng Ratana, Director, Department of Large Taxpayer.
For Transfer pricing and other key issues in Tax Audits; H.E Mr. Roth Mony, Deputy Director General of GDT, Mr. Eng Ratana, Director, Department of Large Taxpayer, Mr. Te Jeudi, Director, Department of Enterprise Audit, and Mr. Traing Lay, Cheif of Bureau, Department of Enterprise Audit.
Oknha K M Tan, Tax Partner Baker Tilley, will join the E-Commerce panel.
Mr. Galliano commented, “It is an honor and privilege to collaborate with the General Department of Taxation on what is expected to be a very informative and educational event, with expert speakers from the GDT and the private sector. I am especially thankful and appreciative to have the esteemed His Excellency Kong Vibol present and also to deliver the keynote speech.”
“With the recent achievements from the GDT with the Tax Working Group, the issuance of the VAT on E-Commerce Prakas, Transfer Pricing Regulations, and other recent updates, this is an essential forum to attend to keep aligned and informed of recent tax developments in the Kingdom,” he added.