The Seminar in Chinese on “Tax and Financial Audit” co-hosted by GMAC and Baker Tilly was held on 04 Oct 2022 at GMAC. The Seminar is designed for garment, footwear, and travel goods factories that are members of GMAC in order to strengthen and expand their knowledge on taxation.
The topics that were presented and discussed in this seminar are as follows:
· The general principle for compliance of tax filing and penalty for non-compliance.
· Benefit for compliance - gold status, bronze status, etc.
· Monthly E-Filing - things to take note of/type of services.
· Minimum Tax and Prepayment of Tax on Income calculations and exemptions.
· Type of tax audit and time frame involved.
· Matters to consider and prepare for the tax audit.
· Guidance from Cambodia's Ministry of Economy and Finance (MoEF) on the statutory audit requirements.
· Filing with ACAR and penalty for non-compliance.
There were 138 participants joined physically and more than 20 others joined via zoom.
Source: GMAC Official FB Page
