Value Added Tax
Please download tax file below or read online about Tax Prakas on VAT in 1998 Advertisement from Phnom Penh HR Phnom Penh HR is the best recruitment and consulting company in Cambodia and Asia, and our services by ACCA | CPA, Diploma in Cambodia Tax, Tax Agent, MBA etc. Phnom Penh HR services: Recruitment, Consulting, Accounting Service, Tax Advisory, Internal
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Download Khmer Circular about Refund for VAT issued in 2005 Advertisement from Phnom Penh HR Phnom Penh HR is the best recruitment and consulting company in Cambodia and Asia, and our services by ACCA | CPA, Diploma in Cambodia Tax, Tax Agent, MBA etc. Phnom Penh HR services: Recruitment, Consulting, Accounting Service, Tax Advisory, Internal Audit Service, Outsourcing, Practical
Continue reading Tax – Debit Note and Credit Note for Purchase and Sale Return If ABC Company sold goods to XYZ Company, later XYZ Company returned goods back to ABC Company. What tax effect ? ABC Company will issue credit note for sale return, and record in sale journal as negative sale and VAT output for tax purpose. XYZ Company will issue
Continue reading Public Lighting Tax (PLT) | SPT, VAT, PIT-Example 1 Local beer producer, KK L Company, sold beer $100,000 (included any taxes) to real regime KOL Company that purchases and sells beer in Phnom Penh. KOL Company sold all beers bought from KKL Company to customers $120,000 ( included any taxes). Required: 1. Calculate any taxes that KKL will pay to
Continue reading Specific tax (SPT) | VAT | PIT for Mix goods and entertainment services– Example 3 ABC is entertainment company, the following sales included any taxes for KTV and SKY BAR are as follows. Room fee = $33 Drinking water = $1.1 Food and meal = $55 Required Calculate any taxes if any Solution 1.Valued Added Tax (VAT) VAT base = (33+1.1+55)/1.1=$81
Continue reading VAT : Difference Between Zero Rated Supply and Exempt Supply VAT Zero Rated Supply There is no output tax is chargeable on a zero rated supply ( since the tax rate chargeable is 0%) .However, input tax attributable the making of a zero-rated supply is recoverable from the General Department of Taxation (GDT) as an input tax credit. Example Supplies
Continue reading Time of Supply for Value Added Tax (VAT ) Value Added Tax (VAT) become due and payable at the time of supply. That is when the supplier must issue an invoice or when the supplier issues an invoice , whichever happens first. A company is required to issue an invoice within seven days after the goods are shipped or services
Continue reading Value Added Tax (VAT) for Mixed supply of Taxable and Non-Taxable Supplies When company is making Mixed supply of Taxable and Non-Taxable Supplies and there is no separate records to trace the input VAT of Taxable and Non-Taxable Supplies, so company can claim VAT input using formula A x B/C. Formula: A x B /C The calculation of input tax credit,
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Supplies are exempt from VAT VAT non-taxable supplies mean that suppliers will not charge VAT when they sold goods, products, services to their customers and personal use importation. According to Article 57 of the Law on Taxation (LoT), non-taxable supplies (exempt Supplies) are included the following points: Public postal services Hospital, clinic, medical and dental services and the sale of
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Specific Tax ( SPT) | PLT, PPT, VAT in Cambodia – Example 1 Example Assume that ABC Company manufactured and sold Wine Brand Y. During April, ABC Company sold to the following customers: Local real regime company customers of $20,000 ( included any taxes). Local wholesaler customers of $10,000 ( included any taxes). Local final users of $5,000 ( included any taxes).
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