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The Ministry of Economy and Finance released Prakas No. 171 on March 20, 2024, which, through the end of 2028, exempts fundamental food items that are necessary for everyday living from the VAT as a State burden. The variety of staple foods included, such as fish, poultry, eggs, and shellfish, etc., is still the same as it was in earlier rules. This Prakas differs from its predecessors (Prakas No. 009, No. 168, and No. 361) primarily in that it is longer, extending the exemption's effectiveness to five years instead of the previous two years.
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.
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