The taxes payable in Cambodia can present very substantial costs to businesses operating in Cambodia, and appropriate tax planning can significantly improve the after tax profit.
Thai & Lor has a dedicated team of professionals who are well versed with the Cambodian tax and investment laws and practices.
Monthly and annual tax compliance services
Cambodian taxation system is a self-assessment system with severe penalty regime. Most taxpayers have experienced significant losses due to penalties (i.e., interest of 1.5% per month and additional tax of up to 40%).
Thai & Lor has a dedicated team specializing in providing its clients with efficient and cost-effective tax services. The tax administration procedures in Cambodia are complex and burdensome. By outsourcing these functions, the management can utilize their resources more efficiently i.e., by focusing on core business activities. Thai & Lor can also ensure that best filing positions are adopted, taking into account the latest regulations and practices thus ensuring full compliance, tax minimization as well as reducing unnecessary tax penalties.
The key concerns of management are to ensure that tax laws and filing requirements are being complied with, and that tax costs are being minimized. When conducting a tax audit, we examine a company’s compliance with tax laws, and identify any areas where improvements are required. Thai & Lor’s reviews are also focused on identifying potential tax planning opportunities.
Our key services include:
