Sub-Decree 042 ANKr.BK on Tax Incentives in the Securities Sector was issued 24 February 2022 to advance the securities sector development in the Kingdom of Cambodia.
The scope of the Sub-Decree shall be applicable in the Kingdom of Cambodia to:
Tax Incentives on Profit Tax for Equity and/or Debt Securities Issuing Companies
Equity and/or Debt Securities issuing companies approved by the SECC and listed on the permitted Securities Market shall fulfill the form and submit to the General Department of Taxation through SECC in order to grant tax incentives by reducing 10% of total amount of tax on profit to be paid for three (03) years.
The three (03) years of tax incentives above shall be calculated from:
Tax Incentives on Withholding Tax for Securities Investors
Public investors shall gain fifty (50%) percent deduction of withholding tax on interest and/or dividend which derives from holding and/or buying-selling the government securities, equity securities and debt securities for the period of three (03) years counting from the opening of securities market.
The person, withholding agents, disbursing interest and/or dividend shall calculate the withholding tax as prescribed in the paragraph 1 prior to disbursement and submission of withholding tax declaration letter to tax administration with compliance to a particular form no later than day fifteenth (15th) of the following month after withholding.
Tax Incentive Termination
The General Department of Taxation may propose the Ministry of Economy and Finance through SECC to terminate tax incentives as prescribed in the Article 4 of this Sub-Decree, in case the equity and/or debt securities issuing companies approved by SECC and listed on permitted Securities Market:
In case the companies receiving the tax incentives on profit as prescribed in this Sub-Decree fail to implement the Law on the Issuance and Trading of Non-Government Securities and other related regulations in the securities sector, SECC may propose the Ministry of Economy and Finance to terminate the tax incentives as prescribed in paragraph 1 of the Article 4 of this Sub-Decree.
Equity and/or Debt Securities issuing companies approved by SECC and listed on the permitted Securities Market shall not be granted the tax incentives on profit as prescribed in this Sub-Decree, if the companies delist themselves or being delisted on the permitted Securities Market.
Advance Grand Formula Co., Ltd is a Cambodian tax agent under license number – TA202204002.
Should you need any further information or support, please contact us at: firstname.lastname@example.org.
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: email@example.com (accounting), firstname.lastname@example.org (audit), email@example.com (tax) and number and telegram 085 36 8888 and 070 399 888.