Cambodia: Tax incentives for taxpayers that voluntarily amend tax returns, with regard to IPOs

Taxpayers that voluntarily adjust tax returns are provided some relief from 10% additional tax

Taxpayers that voluntarily adjust tax returns are provided some relief from 10% tax

Taxpayers that voluntarily adjust their accounting records and tax returns, and make payments of the amount of underpaid tax prior to a tax audit are provided some relief from the 10% additional tax.

As an incentive to encourage voluntary revisions to tax returns, taxpayers may be eligible for a reduction (equal to 50% or 20% of late-payment interest, depending on the date of the revision). This relief generally is not available if the tax return amendments are made during the course of a tax audit. The intention is to encourage taxpayers to voluntarily correct errors or mistakes on previously filed tax returns.

Separately, guidance further clarifies the tax incentives available to enterprises and public investors (both resident and non-resident) with regard to initial public offering (IPO) or investments in certain equity or debt securities.

Read an April 2022 report [PDF 263 KB] prepared by the KPMG member firm in Cambodia


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