Videos

Tax Audit

Cambodia adopts “Self-Assessment System” meaning that all tax payer are under self-declaration, fully takes responsible on the amount of tax lodgment and ensure that their tax returns are truthful, correct and in compliance with tax law and regulations. Failure to do so, it could lead to non-compliance that result to tax reassessment.   ** What is Tax Audit : Tax audit refers to the verification of accounting records, financial statements and othr documents related to the taxpayer’s business in order to ensure that the calculation, the declaration and the payment of taxes are correct in accordance with tax law and regulations. After tax audit is completed, taxpayers will receive notification of tax reassessment from General Department of Taxation. Some of Taxpayer may receive the notification letter at Zero tax reassessment…