CAMBODIAN TAX (ACCT 451)

AIM

This course aims to give students knowledge and skills relating to the tax system as applicable to individuals and companies. There are two main goals. First, students will use the knowledge gained from the class to identify which taxes should be relevant applied to individuals or companies. Second, students will be able to calculate the tax liabilities and know how to remit the taxes to the Cambodian tax authority.

Having covered the core areas of the basic taxes, students should be able to compute tax liabilities, explain the basis of their calculations, apply tax planning techniques for companies and identify compliance issues.

  • COURSE DESCRIPTION
  • ROLE IN CURRICULUM
  • LEARNING OUTCOMES
  • STUDY PLAN
  • TEACHING METHODS
  • ASSESSMENT AND GRADING
  • TEXTBOOKS AND REFERENCES

COURSE DESCRIPTION

This course introduces candidates to the subject of taxation and provides the core knowledge of the underlying principles and major technical areas of taxation, as they affect the activities of individuals, employees and businesses.
In this course, candidates are introduced to the functions of the tax system and the rationale behind them. The course then considers the separate taxes that an accountant would need to have a detailed knowledge of, such as tax on salary and fringe benefits, withholding tax, corporation tax liability and the value added tax liability.
The Cambodian tax system is still developing and personal income tax has been introduced in Cambodia under 2019 Financial Law but it has not yet implemented – an Order (Prakas) from the Ministry of Economy and Finance will further outline about the implementation. However, the recent tax update on Capital Gains Tax, which has been in the Law on Taxation (LOT) since 1997, is another part of personal income tax and will be in force from 2021. In addition, withholding tax is one of the mechanisms used by governments of developing countries to collect tax revenue from non-tax registered persons, and Cambodia is no exception. In these circumstances, candidates must be proficient in tax on salary and fringe benefits and withholding tax.
Having covered the core areas of the basic taxes, the candidate should be able to compute tax liabilities, explain the basis of their calculations, apply tax planning techniques for companies and identify the compliance issues.

Credits: 5
Lecture Hours: 75
Self-Study Hours:

  • Reading: 50 (273 pages of lecture notes)      
  • Review: 70 (quizzes, homework, past exams)
  • Assignment: 40 (research, writing)
    160

Total Study Hours: 235
 

ROLE IN CURRICULUM

Prerequisites

Students must have finished Financial Accounting 1 and 2 before attempting this course.

LEARNING OUTCOMES

The learning outcomes for this course cover the four main areas: Understanding of Cambodian tax system, understanding types of applicable taxes in Cambodia, calculating company tax liabilities and being in compliance with Cambodian tax regulations. On successful completion of this course students should be able to:

1 Knowledge

Level of Learning  PLO CLO Learning Outcome
Understand PK3 CK1 Describe the scope and operations of the tax system.
Understand PK3 CK2 Explain the rights and obligations of taxpayers and/or their agents and the implications of non-compliance.

2  Cognitive Skills

Level of Learning  PLO CLO Learning Outcome
Analyze PC4 CC1 Compute tax on salary and fringe benefits of employees
Analyze PC4 CC2 Compute withholding taxes applicable to payments  to resident and nonresident taxpayers
Analyze PC4 CC3 Compute value added tax applicable to payments related to taxable and non-taxable supplies
Analyze PC4 CC4 Compute corporate income tax liability

3  Communication, Information Technology, and Numerical Skills

None

4   Interpersonal Skills and Responsibilities

Level of Learning  PLO CLO Learning Outcome
Apply PIP1 CIP1 Deal with tax officers for discussion of Cambodian tax issues.

STUDY PLAN

The course targets the 50 lessons in the study plan below. Each lesson is 1.5 class hours each; there are a total of 75 class hours.  The study plan below describes the learning outcome for each lesson, described in terms of what the student should be able to do at the end of the lesson.  Readings should be done by students as preparation before the start of each class.  Implementation of this study plan may vary somewhat depending on the progress and needs of students.

 No Lesson Learning Outcomes Teaching and Learning Activities, Assessment
1

Cambodian Tax System

  1. Describe the function and purpose of taxation.
  2. Describe the GDT Structure.
  3. Discuss the different types of taxes in Cambodia. (CK1)

Lecture Discussion and question

Reading: Law on Taxation

(chapter 1)
2

Cambodian Tax System

  1. Discuss the principal sources of tax law, tax system and hierarchy of registration.
  2. Explain the tax incentives for voluntary registration in 2017 and 2018 for small and medium taxpayers.
  3. Explain the tax compliance status and benefits
  4. Discuss on double taxation agreement (DTA)..
  5. Explain the difference between tax avoidance and tax evasion to be well prepared for tax planning. (CK1)

Lecture Discussion and question Assignment and quiz

Reading: Law on Taxation (chapter 1)
3

Tax on Salary 1

  1. Describe the scope of tax on salary (TOS).
  2. Identify the income subject to tax on salary for tax calculation.
  3. Calculate the basic salary tax for employees in accordance with tax rules. (CC1)

Lecture Discussion and question Assignment and quiz

Reading: Law on Taxation (chapter 2)
4

Tax on Salary 2

  1. Explain the comprehensive computation of tax on salary.
  2. Identify the allowance, fringe benefits, reimbursements subject fringe benefit tax (FBT) for tax calculation. (CC1)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation (chapter 2)
5

Tax on Salary 3

  1. Calculate tax for allowance, fringe benefits, reimbursements in accordance with tax rules.
  2. Explain the conditions and computation of foreign tax credit to claim tax credit against tax on salary. (CC1)

Lecture Discussion and question Assignment and quiz

Reading: Order (Prakas) on Tax on Salary, Order (Prakas) No. 1173
6

Tax on Salary 4

  1. Calculate the foreign tax credit.
  2. Plan for tax on salary for saving tax for employer and employee. (CC1)

Lecture Discussion and question Assignment and quiz

Reading: Order (Prakas) on Tax on Salary, Order (Prakas) No. 1173, all.
7

Withholding Tax 1

  1. Describe withholding tax collection and payments.
  2. Identify types of relevant income/payments subject to withholding tax for calculation of tax. (CC2)

 

Lecture Discussion and question Assignment and quiz

Reading: Law on Taxation (Article 25-27, 33-35, 38-39, and 88)

Order (Prakas) Tax on Profit (section 1.3-1.5, 8.2-8.7, 9.3)
8

Withholding Tax 2

  1. Compute withholding tax based on tax rules.
  2. Explain WHT implications of Dividend Distributions. (CC2)
 Reading: Law on Taxation (Article 25-27, 33-35, 38-39, and 88) Order (Prakas) Tax on Profit (section 1.3-1.5, 8.2-8.7, 9.3)
9

Withholding Tax 3

  1. Identify common withholding tax issues to avoid troubles during practice. (CC2)
 Reading: Law on Taxation (Article 25-27, 33-35, 38-39, and 88) Order (Prakas) Tax on Profit (section 1.3-1.5, 8.2-8.7, 9.3)
10

Withholding Tax 4

  1. Calculate withholding tax.
  2. Explain WHT issues when the recipient receives a net amount for saving tax.
  3. Explain the WHT tax rate reduction for DTA.
  4. Explain the WHT rate reduction for micro-finance.
  5. Identify the permitted exemption for WHT  in claiming for exemption. (CC2)
 Reading: Law on Taxation (Article 25-27, 33-35, 38-39, and 88) Order (Prakas) Tax on Profit (section 1.3-1.5, 8.2-8.7, 9.3)
11

VAT 1

  1. Describe the scope of VAT.
  2. Identify taxable supply and non-taxable supply to apply the applicable VAT rate. (CC3)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Section 3,Art 55-84
12

VAT 2

  1. Identify taxable persons and explain their obligation to register for tax.
  2. Describe the process of cancellation of VAT registration in accordance with tax rules. (CC3)

 

 Lecture Discussion and question Assignment and quiz Reading: Sub-decree on Value Added Tax No.114 ANKR.BK of Royal Government of Cambodia, dated 24 December 1999
13

VAT 3

  1. Describe the VAT registration process for investment enterprises.
  2. Determine  the time and place of supply rules to calculate the VAT to be paid. (CC3)

 

 Lecture Discussion and question Assignment and quiz Reading: Sub-decree on Value Added Tax No.114 ANKR.BK of Royal Government of Cambodia, dated 24 December 1999
14

VAT 4

  1. Explain the time of supply of goods and services to determine the time to issue an invoice.
  2. Discuss applicable VAT rates and tax bases to calculate tax payable properly. (CC3)

 

 Lecture Discussion and question Assignment and quiz Reading: Sub-decree on Value Added Tax No.114 ANKR.BK of Royal Government of Cambodia, dated 24 December 1999
15

VAT 5

  1. Define input and output taxes.
  2. Discuss creditable input tax and non-creditable input tax for calculation of VAT payable. (CC3)

 

 Lecture Discussion and question Assignment and quiz Reading: Sub-decree on Value Added Tax No.114 ANKR.BK of Royal Government of Cambodia, dated 24 December 1999
16

VAT 6

  1. Explain mixed taxable and non-taxable supply input tax to determine allowable VAT input credits. (CC3)

 

 Lecture Discussion and question Assignment and quiz Reading: Order (Prakas) No. 288 dated 31 Mar 2000 on Credit for Using Telephone in Business. Order (Prakas) No.605 dated 01 Sep 2000 Value Added Tax on Electricity Power.
17

VAT 7

  1. Discuss VAT refund procedures.
  2. Explain the conditions of a tax invoice in order to claim VAT credits.
  3. Explain the valuation of supplies and imports in order to calculate VAT on imports. (CC3)
 Lecture Discussion and question Assignment and quiz Reading: Order (Prakas) No.312 MEF.PK dated 19 March 2014 on the implementation VAT on import and supply of certain goods
18

VAT 8

  1. Discuss VAT for real estate, free goods and international transport to apply VAT on invoices. (CC3)
 Lecture Discussion and question Assignment and quiz Reading: No.114 ANKR.BK of Royal Government of Cambodia, dated 24 December 1999 Sub-decree on Value Added Tax. Order (Prakas) No.1031 MEF VAT 24 Dec 1998 on Value Added Tax.
19

VAT 9

  1. Discuss zero-rating of export of goods and services, VAT state charge  and special treatment of VAT on transfer of a business. (CC3)

 

 Lecture Discussion and question Assignment and quiz Reading: Order (Prakas) No.312 MEF.PK dated 19 March 2014 on the implementation VAT on import and supply of certain goods
20

VAT 10

  1. Explain the adjustment of VAT and VAT carried forward or refunds for a company and investment enterprise. (CC3)
 Lecture Discussion and question Assignment and quiz Reading: No.114 ANKR.BK of Royal Government of Cambodia, dated 24 December 1999 Sub-decree on Value Added Tax.
21

Tax on Income 1

  1. Discuss the scope of tax on income.
  2. Explain residency, real regime, and estimated regime to be taxed on income.
  3. Explain QIP implications with regard to tax on income. (CC4)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the tax on profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
22

Tax on Income 2

  1. Explain tax rate, tax year, taxable profit/ incomes, deductible/non-deductible expense for basic calculation of tax on income.
  2. Explain briefly on taxable income for petroleum and mineral resource operation.
  3. Explain briefly on taxable income for NGOs and insurance companies. (CC4)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
23

Tax on Income 3

  1. Discuss deductible/non-deductible expenses. (CC4)

 

 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
24

Tax on Income 4

  1. Calculate the allowable charitable contribution, and limitation of interest expense for a company including interest limitations for petroleum and mineral resource operations. (CC4)

 

 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
25

Tax on Income 5

  1. Identify non-deductible expenses, deductible but subject to limitation.
  2. Explain the treatment of loss on a claim, provisions, prepaid expense and preliminary expense for calculation of tax on income. (CC4)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
26

Tax on Income 6

  1. Describe tax depreciation rules.
  2. Explain taxation for leases and tax on the transfer of buildings for tax calculations. (CC4)

 

 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
27

Tax on Income 7

  1. Explain special depreciation (SD), carry forward of losses and foreign tax credits.
  2. Explain the tax loss rules including rules for petroleum and mineral resource operations.
  3. Explain WHT credit for deductions against the tax on income at the end of tax year. (CC4)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
28

Tax on Income 8

  1. Explain capital vs. debt financing tax implications for companies and QIPs. (CC4)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
29

Tax on Income 9

  1. Carry out a comprehensive computation of tax on income. (CC4)

 

 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
30

Tax on Income 10

  1. Carry out a comprehensive computation of tax on income. (CC4)

 

 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
31

Tax on Income 11

  1. Carry out a comprehensive computation of tax on income. (CC4)

 

 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
32

Tax on Income 12

  1. Carry out a comprehensive computation of tax on income. (CC4)

 

 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
33

Tax on Income 13

  1. Carry out a comprehensive computation of tax on income with regard to taxation of dividends and transfer of shares. (CC4)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
34

Tax on Income 14

  1. Explain rules of capital gains and capital loss and deductible and non-deductible taxes for tax on income calculation. (CC4)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
35

Tax on Income 15

  1. Explain rules of capital gains and capital loss and deductible and non-deductible taxes for tax on income calculation. (CC4)

 

 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
36

Tax on Income 16

  1. Explain rules of capital gains and capital loss and deductible and non-deductible taxes for tax on income calculation. (CC4)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 1, Provision for the Tax on Profit Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, all.
37

  Prepayment of Profit tax

  1. Explain and calculate the prepayment of income tax (PTOI) in accordance with Cambodian tax rules. (CC5)
 Lecture Discussion and question Assignment and quiz Reading: Article 28 (New) of Law on Taxation Order (Prakas) No.001 MEFTD dated 02 Jan 2001 on the payment of prepayment tax on profit. Order (Prakas) No.305 MEFPTD dated 23 April 2008 on the suspension of prepayment tax on profit for garments and shoes procedures for export Order (Prakas) No.988 MEFPK dated 23 Nov 2011 delayed the suspension of prepayment tax on profit for garment and shoes procedure for export Order (Prakas) No.483 MEFPK dated 29 May 2009
38

Public lighting tax

  1. Explain and calculate the public lighting tax (PLT) in accordance with Cambodian tax rules. (CC5)

 

 Lecture Discussion and question Assignment and Quiz Reading: Inter-ministries Order (Prakas) on management and collection of Public Lighting Tax No.583 MEFTDPK dated 30 July 1999 Notification Letter on management and collection of Public Lighting Tax No.004 MEF dated 09 January 2002
39

Specific tax on certain merchandise and services/excise tax

  1. Explain and calculate the specific tax (SPT) on certain merchandise and services/excise tax in accordance with cambodian tax rules. (CC5)

 

 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 4, Art 85 Order (Prakas) No.341 dated 36 May 1997 on the specific tax (SPT) on certain merchandise and services Sub-decree No.24, 03/03/2006, the amendment SPT rate custom duty and SPT on telecom service Order (Prakas) No.114,19/02/2010 on the revised SPT rate for local beer procedures Order (Prakas) No.153, 15/02/2001, SPT On entertainment services Order (Prakas) No.1133 dated 25/12/2003, the guidance for implementation SPT
40

Accommodation tax

  1. Explain and calculate the Accommodation Tax in accordance with Cambodia tax rules. (CC5)

 

 Lecture Discussion and question Assignment and quiz Reading: Order (Prakas) 380 MEFTD dated 14 July 2005 on implementation of Accommodation Tax Order (Prakas) 601 MEFPK dated 23 Sep 2005 on the postponement of the implementation of Accommodation Tax
41

Immovable Property tax

  1. Explain and calculate the tax on immovable property in accordance with Cambodian tax rules. (CC5)

 

 Lecture Discussion and question Assignment and quiz Reading: The Financial Act of 2010, Art 13-17 Order (Prakas) No.493-MEF, dated 19/07/2010 on the collection of Property Tax Order (Prakas) No.494-MEF, dated 19/07/2010 on the creation of a property valuation committee for the Property Tax Order (Prakas) No.371-MEF, dated 5/2011 on the basis for tax calculation of the immovable property
42

Obligation of Taxpayers 1

  1. Explain the registration and monthly and annual tax filing in accordance with tax rules. (CK2)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 5, Provision on tax rules and procedures Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, Chapter 13
43

Obligation of Taxpayers 2

  1. Describe bookkeeping required by tax rules.    (CK2)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 5, Provision on tax rules and procedures Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, Chapter 13
44

Obligation of Taxpayers 3

  1. Discuss the rights of taxpayers, powers of the tax authority and tax audit procedures for compliance with tax rules. (CK2, CIP1)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 5, provision on tax rules and procedures Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, Chapter 13
45

Obligation of Taxpayers 4

  1. Discuss penalties and the enforcement system of tax payments and dates and procedures for appeals and disputes with tax authority. (CK2, CIP1)
 Lecture Discussion and question Assignment and quiz Reading: Law on Taxation, Chapter 5, provision on tax rules and procedures Order (Prakas) on Tax on Profit, Order (Prakas) No.1059 MEF.BK.TD, Chapter 13
46

Tax Avoidance, Common Tax Issues, Errors, Disputes and Resolutions (1)

  1. Discuss tax planning for commercial enterprises and QIPs.
  2. Identify common issues, errors and disputes regarding tax on profit, tax on salary, withholding taxes, and documentation. (CK2, CIP1)
 Lecture Discussion and question Assignment and quiz Reading: general discussions
47

Tax Avoidance, Common Tax Issues, Errors, Disputes and Resolutions (2)

  1. Discuss tax planning for commercial enterprises and for QIPs.
  2. Identify common issues, errors and disputes regarding income tax, tax on salary, withholding taxes, and documentation. (CK2, CIP1)

Lecture Discussion and question Assignment and quiz

Reading: general discussions
48 Review and Preparation for Final Exam. (All CLOs) Lecture Discussion and question
49 Review and Preparation for Final Exam. (All CLOs) Lecture Discussion and question
50 Review and Preparation for Final Exam. (All CLOs) Lecture Discussion and question
                Total Hours  75 hours

 

TEACHING METHODS

This course is primarily lecture case study, activity and assignment based. Assigned readings will support learning and serve as a reference to materials covered in class.  During class, approximately one hour of the total class will be devoted to lecture or case study discussion with another 30 minutes of the class will be for practice and other activities. During the course students will undergo a comprehensive tax simulation.

ASSESSMENT AND GRADING

Grades will be determined based on a grading score, calculated using the following assessments and score allocations:

Assessment Weight of each assessment Learning Outcome Assessed
CLO PLO

  Participation

  – Attendance

  – Practice

10%

5%

5%

 CK1, CK2, CIP1 PK3, PC4, PIP1
In-class tests (6) 20% CC1, CC2, CC3, CC4, CC5 PC4
Simulation 20% CK1, CC1, CC2, CC3, CC4, CC5, CIP1 PK3, PC4, PIP1
Assignments 15% CC1, CC2, CC3, CC4, CC5 PC4
Midterm exam 10% CC1, CC2, CC3 PC4
Final exam 25% CK1, CK3, CC1, CC2, CC3, CC4, CC5 PK3, PC4
Total grading score 100%  

There is one assignment for the course.

Assignment – Research Report

Work Group: Individual
Output format: APA Format Report, Speech
Language: Khmer (English allowed for non-Khmer speaking students)
Assignment: Students will individually research a topic on a tax issue with industry choosing from the lecturer approved list. Students can choose a topic on a first-come, first-served basis. The report is written individually, however, students may work together with the same industry, covering different topics. Students are expected to interview and survey 4-20 businesses in the industry chosen by the company and tax officials as part of their research.

 

TEXTBOOKS AND REFERENCES

Textbook

  1. VDB Loi Cambodia, Cambodian Tax Student Study Text, Up to December 2021

Examinable Document References

  1.  Law on Taxation (LOT) dated 24 February 1997 as amended.
  2. Ministerial Order 701 MEF. Prk on Tax Registration and Information Update of Taxpayers
    dated 14 August 2020 (Prakas 701).
  3. Prakas 025 MEF.Prk on Reclassification of Taxpayers under Self-Declaration Regime
    dated 24 January 2018.
  4.   2016 Financial Management Law dated 17 December 2015.
  5.   2017 Financial Management Law, dated 15 December 2016
  6.   2018 Financial Management Law dated 09 December 2017
  7.   2019 Financial Management Law.dated 14 December 2018
  8.   2020 Financial Management Law.dated 21 December 2019
  9. Prakas on Tax on Salary dated 31 December 2003.
  10. Sub Decree no. 09 SD.BK dated 13 February 2020 on annual income tax and monthly salary tax.
  11. Circular 011 dated 6 October 2016 on the implementation of obligation to Withhold Tax on Fringe Benefits.
  12. Prakas 098 MEF.Prk on Tax on Income dated 29 January 2020 (TOI Prakas),  Articles 24 and 56.
  13. Prakas No. 638 MEF. Prk on the criteria of improper accounting records and procedures for paying Minimum Tax dated 4 July 2017.
  14. Sub-decree 114 ANKr.BK dated 24 December 1999 on VAT, decided by the RGC.
  15. Instruction No. 1127 GDT dated 26 January 2016 on the use of invoices for  taxpayers registered under the Self-Declaration Regime.
  16. Instruction No. 21606 GDT dated 26 December 2016 on the use of invoices for taxpayers registered under the Self-Declaration Regime.
  17. Prakas No. 270 MEF.PrK on Tax Audit dated 13 March 2019.
  18. Prakas No. 098 MEF.PrK on Tax on Income dated 29 January 2020.

Education Resources