GDT Urges Suppliers To Secure Licences
By
B2B Cambodia
on
In a bid to enhance tax revenue, the General Department of Taxation (GDT) yesterday called on all goods and services suppliers in the country to apply for a permit by July 31.
The office of the General Department of Taxation in Phnom Penh. Khmer Times
GDT stressed that a significant number of suppliers operate without a license, which is against the law.
“To enhance the efficiency of existing regulations and help suppliers have a proper tax declaration base on their business activity, the General Department of Taxation would like to remind all goods and services suppliers to apply for a permit by July 31,” the GDT said in a statement.
According to GDT, while the application is being processed, the companies will be recognised as legal entities. Those that do not apply for a permit before the July deadline will be punished according to the law, GDT said.
This article was originally published in the Khmer Times.
The office of the General Department of Taxation in Phnom Penh. Khmer Times
GDT stressed that a significant number of suppliers operate without a license, which is against the law.
“To enhance the efficiency of existing regulations and help suppliers have a proper tax declaration base on their business activity, the General Department of Taxation would like to remind all goods and services suppliers to apply for a permit by July 31,” the GDT said in a statement.
According to GDT, while the application is being processed, the companies will be recognised as legal entities. Those that do not apply for a permit before the July deadline will be punished according to the law, GDT said.
This article was originally published in the Khmer Times.