We summarize as followed annual compliance obligations for most enterprises in Cambodia as followed:
2021 Tax on Income Return
All taxpayers are required to submit their annual income tax return for their business activities not later than 3 months after the close of the tax year. This requirement is mandatory regardless all taxpayers have any taxes to pay not.
2022 Patent Tax
All self-assessment taxpayers operating in Cambodia are required to register and pay their 2022 Patent Tax by the 31st of March 2022 for each business activity that they carry out. The amount of Patent Tax is dependent on what class a taxpayer is classified. The 2022 Patent Tax fees are as follows:
|Tax Regime||Patent Tax Cost in Khmer Riel||Patent Tax Cost in USD|
|Small taxpayer||400,000 KHR||100 USD|
|Medium taxpayer||1,200,000 KHR||300 USD|
|Large taxpayer||3,000,000 or 5,000,000 (depends on revenue)||500 USD or 1,250 USD|
Annual Declaration of Commercial Enterprise (ADCE)
All enterprises (including company, branch or representative office) are required to update the Ministry of Commerce (MOC) on any changes to the enterprise’s information previously submitted upon registration. ADCE must be performed within 3 months from the anniversary of re-registration of the enterprise on the MOC’s online system. The MOC will impose a penalty of KHR 2,000,000 (approx. USD 500) if an entity submit after that three months period.
Submission of Annual Financial Statements
Audited Financial Statements
Entities who are obliged to obtain audited financial statements under Prakas 563 must submit their audited financial statements with the Accounting and Auditing Regulator (“ACAR“), using its e-filing system, no later than 6 months and 15 days after the close of the accounting period.
Unaudited Financial Statements
Notification No. 002 issues ACAR require those entities that are not required to have their 2021 financial statements audited are now required to submit their 2021 unaudited financial statements through ACAR’s e-filing system no later than 3 months and 15 days after the close of the accounting period.
Notification Regarding Use of English
ACAR requires companies aiming to continue using English language in their accounting systems to notify ACAR via the e-filing system by 31 March 2022 at the latest.
Failure to comply with the above obligations will result in penalties being imposed.