General Department of Taxation (GDT) Instruction No. 10362 that prescribes the official exchange rates to be used by VAT registered taxpayers from June 2022 onwards. Prior to this guidance, taxpayers applied the average exchange rate issued by the National Bank of Cambodia for their monthly and annual tax declaration. Under this new guidance, taxpayers are to apply the GDT’s official exchange rate issued on the last day of the month or the year in computing their monthly or annual tax declaration.
Source KPMG
Latest Posts in "Cambodia"
- Cambodia Further Cuts VAT Rate on Diesel Until Further Notice
- Cambodia Cuts VAT on Fuel to 4% from March 2026 to Ease Energy Costs
- Cambodia Cuts Gasoline and Diesel Taxes to Zero to Stabilize Oil Prices Amid Middle East Conflict
- Cambodia VAT Rules for Foreign E-Commerce Suppliers: Registration, Compliance, and Key Requirements
- GDT Launches Online Platform for Faster, Simpler VAT Incentive Applications for Cambodian Taxpayers
