ការរៀបចំពន្ធប្រចាំឆ្នាំ និង ចំនុចនៃហានិភ័យសារពើពន្ធ Closing Date : 2017-02-25
Tax On Profits and Tax Risk Concern (TOP & TRC)

Cambodian Taxation Law enforcement is the obligation of all natural persons and legal entities must to be implemented.

Taxation law is a major risk factor among others which business owners need and must to understand and analyze to avoid the serious penalties and fines. The tax risk can be occurred due to two main factors such as the lack of deep understanding of legal obligations, how to fill in a tax form and how to implement.

Course Objectives:

  • Understanding of the regulations and laws which are current practices related to the Cambodian Taxation Law.
  • Discussion on issues relevant to the implementation of the current practices.
  • Preparation of the Monthly Tax Declaration and Annual Taxes to the Tax Department
  • How to calculate the amount tax due to be paid to the Tax Department.

Who should attend the course?

  • Business owners, managers in private or non-profits sector who want to learn more and to understand in deep of the implementation of the Law on Taxation.
  • Accountant or students studying accounting and finance

 

Course Contents

1: Introduction of Taxation in Cambodia

  • Overview the applicable taxation in Cambodia

 

2: Value Added Tax (VAT)

  • Scope of VAT
  • Time and place supply rules
  • Commercial Invoice and Tax Invoice
  • Accepted methods of VAT calculation
  • VAT of supplies and imports
  • Zero-rated supplies for
  • Supporting industry or contractor supplying export-oriented garment, textile and footwear industry
  • VAT on supply and export of rice
  • VAT on agricultural imports
  • VAT input, output and carried forwards
  • Practice of VAT calculation and case studies
  • How to recorded in accounting journal entry

3: Prepayment Profit Tax and Minimum Tax

  • Prepayment Profit Tax
  • Minimum Tax
  • Turnover
  • Basic calculation of ToP
  • Illustration of basic ToP

4: Annual Patent Tax

  • Concept of Patent tax
  • Procedure and form of Patent declaration

5: Withholding Tax

  • Overview of withholding tax
  • WHT tax rate for resident and non-resident tax payer
  • Exemption of WHT
  • Introduction and illustration to withholding tax calculation
  • Discussion on WHT issues and case studies
  • How to recorded in accounting journal entry

6: Tax on Salaries & Fringe Benefits

  • The Scope of Tax on Salary
  • Income subject to tax on salary
  • Introduction to the computation of salary tax
  •  Allowance, fringe benefits, reimbursements
  • Case study and how to file in the Tax form

7: Annual Tax on Profit – I

  • Scope of Tax on Profit
  • Deductible expenses, non-deductible expense,
  •  Depreciation and amortization
  • Tax implication of being a Qualified Investment Project
  • Allowable Donation and Non-allowable donation
  •  Allowable Interest expense and interest expense carried forward

 

8: Annual Tax on Profit – II

  • Comprehensive computation of annual tax return

9: Other taxes (for understanding only)

  • Specific tax,
  • Public lighting tax,
  • Accommodation tax
  • And Property tax
Registration

Office HRCambodia,
Address: #2, St. 284, Sangkat Olympic, Khan Chamkarmorn, Phnom Penh (Opposite the South Gate of Mohar Montrey Pagoda)


: +855(0) 23 993 662 | 093 888 772,
: men.tum@hrcambodia.com,
: www.hrcambodia.com


- 7 years experiences in external audit of MFIs, NGOs and training businesses. - Associate Tax Manager-Business and Financial Management Consulting. - More than three years experienced in coaching and lecturing in accounting, financed and Taxation section. He is gotten also a Tax agent certification from General Tax Department. Ven Chetra hold a Master Degree in Finance and also get the Tax Agent certificate from General Tax Department. He is currently as Senior Tax manager at business and financial consulting firm. He has a proven expertise and more than seven years of external audit experience in MFIs, NGOs and training businesses. He was also member of training group provide internal and external training to any industries.