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Tax Registrations and Updates to Company Information – The Changing Role of the Chairman
Pursuant to Prakas 1139 on Tax Registration dated 9 October 2014 both the Chairman and/or the authorized representative of a company are entitled to apply for registration of the company to update company information with the GDT. However, we understand that the GDT has started to refuse applications made by authorized representatives and insists that such applications be made by the Chairman of the company. In addition, the GDT has started to require the Chairman of the company to be physically present at the GDT for photographing and thumb-printing. These two practices are somewhat puzzling given the fact that the GDT has also recently removed the need for the Chairman to be resident in Cambodia and no longer requires the Chairman to submit a residency letter issued by the relevant Sangkat confirming the address in Cambodia of the Chairman. In its place, the GDT requires only a notification letter, signed and by the Chairman.
The above changes will no doubt continue to be a source of controversy and debate between the private sector and the GDT and further changes could occur at any time. For clarification about any of the above issues, please contact our highly capable team at Sciaroni & Associates.
Sciaroni & Associates is a leading professional services and investment advisory firm doing business in Southeast Asia since 1993. Based in Cambodia with offices in Laos and Myanmar. We provide knowledgeable business insights and experienced guidance to many of the world’s leading companies, governments, economic think tanks and global development investment funds to help maximize the value of our clients’ investments.
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Sciaroni & Associates is a leading professional and investment advisory firm doing business in Southeast Asia since 1993. Based in Cambodia with legal offices in Laos and Myanmar, we provide experienced advice and business insights to many of the world’s leading companies, governments, economic think tanks, global development funds, international NGOs and the Royal Government of Cambodia in accordance with strict international standards.
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