- Launch of e-Invoicing System: On December 12, 2024, Cambodia’s General Department of Digital Economy (GDDE) initiated the voluntary registration phase of its e-Invoicing system for business-to-government (B2G) transactions, marking a significant step towards digitizing tax compliance and enhancing operational transparency across all sectors.
- Key Features and Benefits: The e-Invoicing platform offers real-time VAT data validation, cost reductions in invoice processing, seamless integration with ERP systems, and improved audit readiness, benefiting both businesses and tax authorities by simplifying compliance and reducing tax evasion.
- Phased Implementation and Future Expansion: The system begins with voluntary B2G participation, with plans to transition to mandatory business-to-business (B2B) compliance in 2025 and eventually include business-to-consumer (B2C) transactions, positioning the e-Invoicing initiative as a foundational element of Cambodia’s modern tax infrastructure and digital economy.
Source: rtcsuite.com
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