Suspension on the Prepayment of Tax on Income of Agricultural Enterprises

The Ministry of Economic and Finance has  issued Prakas 100 MEF.PrK dated January 29, 2019 which aims to suspend 1% of prepayment of tax on income (PTOI) for agricultural enterprises for five year period starting from January 2019.

The agricultural products stated under this Prakas refer rice paddy, corn, bean, pepper, cashews, cassava and rubber.

To receive this benefits, enterprises shall comply with their tax obligations and maintain proper accounting records.

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

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