Cambodia Tax Alert: Use of Khmer Riel in Tax Invoices

Notification 4908 issued by the General Department of Taxation (GDT) on the 18th of March 2019 requires all registered taxpayers in the self-assessment taxation regime in Cambodia to now provide the total amounts, in tax invoices that they issue to customers, in Khmer Riel (KHR).

For completeness the itemized amounts in a tax invoice do not need to all be in KHR. The requirement to use KHR relates to total amount payable that is reflected on the tax invoice along with the ten percent VAT (if applicable).

When using KHR in their tax invoices, taxpayers should refer to the exchange rates as per below when converting from United States Dollars (USD) to KHR:

The monthly published exchange rate from the previous month as issued by the GDT; or

The market exchange rate which must not be lower than the daily exchange rate of the National Bank of Cambodia.

When converting KHR to USD if the resulting figure has a decimal higher than 0.5 KHR, the taxpayer must round it to 1 KHR and if it is under 0.5 Riel then it can be rounded down to zero.

The DFDL tax team is always ready to answer any questions you may have on this and other tax issues.

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