The Capital Gains Tax changed from 2022 to 2024
Subject: Tax
Applicable Industries: All corporate

On 9 March 2022, General Department of Taxation (“GDT”) announced Notification no. 4577 GDT (“Notification 4577”) which postpones the implementation of Prakas 346 MEF.P on Capital Gains Tax (“Prakas 346”) to 1 January 2024.

Formerly, Instruction 24094 declared by the GDT on the 9th of October 2020 (“Instruction 24094”) had delayed capital gains tax to 1 January 2022.

This move is a part of government’s economic recovery plan to reduce taxpayers’ burden.

Advance Grand Formula Co., Ltd is a Cambodian tax agent under license number – TA202204002.

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