The MEF improves Tax Registration process through Prakas 496

Last year the private sector reported difficulties in complying with Prakas 1139, which required international businesses to have their Chairman visit Cambodia and have their picture and fingerprints registered at the General Department of Taxation (GDT). This was one of the EuroCham Tax Committee’s primary areas of focus in the EuroCham White Book 2016. Taking into consideration the private sector’s concerns, The Royal Government has issued a new regulation, Prakas 496, that waives the requirement for the foreign chairpersons to physically present themselves at GDT and provides clearer guidelines on other documentation requirements, and on processing times.

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