HKMB Hong Kong Means Business

Hong Kong Means Business Hong Kong Means Business
  • Login / Register

Languages

  • EN
  • 繁
  • 简
  • Events
  • My Feed
  • Contact HKTDC
  • Subscribe
  • Subscribe

Section Menu

  • multimedia
  • market spotlight
  • first person
  • Venture Hong Kong
  • heads-up
  • inside china
  • life & style
  • hktdc research

Languages

  • EN
  • 繁
  • 简
  • HKTDC.com |
  • About HKTDC |
  • My HKTDC |
  • Login / Register |

HKTDC.com About HKTDC My HKTDC

Login Register

Hong Kong Means Business

Section Menu

  • multimedia
  • market spotlight
  • first person
  • Venture Hong Kong
  • heads-up
  • inside china
  • life & style
  • hktdc research

https://hkmb.hktdc.com/en/NzQ1ODcyMzYy

hktdc research
SAVE FOR LATER
SHARE / SEND

"Scan QR Code" in WeChat and tap "..." to share.

CAMBODIA: New VAT Obligations for Non-Resident Businesses

13 May 2021



Non-resident businesses (with no physical establishment in the country) that supply goods or services electronically to consumers in Cambodia are now obliged to register for VAT with the tax authority if their actual/estimated revenue exceeds the designated thresholds for self-assessed taxpayers. The requirement was recently announced by the Ministry of Economy and Finance, with full details available in Sub-decree 65. 

In term of the sales thresholds for tax registration, these were detailed in Prakas 009, as issued by the government in January this year. This sets a minimum annual turnover of KHR250 million (US$62,214) for small taxpayers; a minimum annual turnover of KHR1 billion for medium taxpayers and a minimum yearly turnover of more than KHR4 billion for large taxpayers. 

In the case of business-to-consumer transactions, non-resident entities supplying digital products or services to users in Cambodia need to file monthly VAT returns and pay 10% VAT on the transaction value no later than the 20th day of the month following the month in which the transaction was concluded. For business-to-business transactions, however, a reverse charge mechanism is applicable, with the Cambodia-based purchasers having to first account for the VAT on behalf of the non-resident entities, while being eligible for a corresponding VAT input credit.

BACK TO TOP ^
    Topics:
  • ASEAN,
  • Southeast Asia,
  • Cambodia,
  • e-commerce,
  • vat
  • ASEAN
  • Southeast Asia
  • Cambodia
Home

Article Topics

ARTICLE TOPICS

ASEAN37801
SOUTHEAST ASIA36184
CAMBODIA36186
E-COMMERCE72199
VAT72093

ARTICLE TOPICS

ASEAN37801
SOUTHEAST ASIA36184
CAMBODIA36186
E-COMMERCE72199
VAT72093

interest_article

YOU MAY BE INTERESTED IN

28 July 2022

E-Commerce Platform Helps Hong Kong Design Brands Venture Overseas

28 June 2022

VIET NAM: CIT, VAT & Land Rent Payment Deadlines Extended

27 June 2022

THAILAND: VAT Waived for Crypto Transfers and Thai CBDC

17 May 2022

INDONESIA: VAT on Fintech Services and Crypto Transactions Starts 1 May

Related Events

RELATED EVENTS

5 - 8 September 2022

Hong Kong Pavilion at FHA–Food & Beverage, Singapore

26 September 2022

Lifestyle Mezzanine in ASEAN 2022

9 - 11 November 2022

HKTDC Hong Kong International Medical and Healthcare Fair 2022

28 - 30 November 2022

ISPO Munich, Germany
FIND AN EVENT

Social Share

FOLLOW US

GET WEEKLY UPDATES

newpaper-img

GET OUR WEEKLY EMAIL UPDATES

banner-img


I acknowledge that the above information may be used by the Hong Kong Trade Development Council (HKTDC) for incorporation in all or any of its database for direct marketing or business matching purpose (and may therefore become available to the public within and/or outside of Hong Kong for use by them), and for any other purposes as stated in the Privacy Policy Statement; I confirm that I have the consent and the authority of each individual named in this form to release their personal data for the purposes stated herein.


*For non-EU/EEA customers, please skip this box which is solely for EU/EEA customers as required by the relevant data protection law in the EU.

THANK YOU

Thank you for registering.

SHARE THIS STORY

EMAIL
LINKEDIN
WeChat
FACEBOOK
TWITTER
WHATSAPP

ID: HKTDCofficial

Don't have an account?

Create An Account

successfully added on your preferences.