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On March 20, 2024, the Ministry of Economy and Finance issued Prakas no. 173, which establishes the Accommodation Tax. This tax is a consumption tax that is levied on certain accommodation services provided by individuals or entities specified in the Prakas.
The tax rate that is relevant is 2%, and most of the regulations for collecting this tax are in line with those for Value Added Tax (VAT). In general, there have been no substantial alterations, as this Prakas only functions as the regulatory framework for the new taxes law.
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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