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The General Department of Taxation (“GDT”) issued Instruction No. 33000 dated 18 September 2024.
The instruction permits a grace period of up to 10% of the lease duration without any tax consequences (including income tax and VAT) for either party. Should the grace period surpass 10%, it may be necessary to obtain prior authorization from the GDT. This favorable change for businesses signifies a significant benefit for both the government and taxpayers.
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (ACAR Decision N0. 014), member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (license number C-00085) and tax agent from General Department of Taxation (license number TA202204002).
This Publication is intended for general guidance only and should not form the basic of specific decisions.
Should you need any further information or support, please contact us at: accounting@advancegroupkh.com (accounting), audit@advancegroupkh.com (audit), tax@advancegroupkh.com (tax) and number and telegram 085 36 8888 and 070 399 888.
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