Introduction: Monthly Tax Filing Alert E-filing system
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Cambodia has a more flexible tax regime than neighboring countries; however, tax requirements are different in most countries, and it is important that investors comply with the regulations. Cambodia was well-known for the heavy administrative burden and the difficulty of the tax process, including the payment of taxes and contribution and compliance with post filing procedures (VAT refund and tax audit). The World Bank Group, in its Doing Business 2020 guide, ranked Cambodia 138 on 190 countries for the tax process. Investors and the government alike have been looking for a solution to avoid the lengthy process as well as improve the transparency and efficiency. Moreover, due to the COVID-19 situation, it became imperative to avoid the face-to-face meeting with the authorities to pay the monthly liability taxes, thus, the taxpayer can choose to settle thought e-payment. |