Cambodia: Exchange rates for VAT-registered taxpayers

Official exchange rates to be used by VAT-registered taxpayers from June 2022 onwards

Official exchange rates to be used by VAT-registered taxpayers from June 2022 onwards

The General Department of Taxation (GDT) issued Instruction no. 10362 GDT (17 May 2022) which prescribes the official exchange rates to be used by value added tax (VAT) registered taxpayers from June 2022 onwards. 

KPMG observation

Prior to Instruction no. 10362, taxpayers applied the average exchange issued by the National Bank of Cambodia for their monthly and annual tax declaration. Under this new guidance, taxpayers are to apply the GDT’s official exchange rate issued on the last day of the month or the year in computing their monthly or annual tax declaration. It is unclear what exchange rates must be used by taxpayers with fiscal year-ends other than the 31 December year-end in computing their annual tax declaration. Taxpayers could use the GDT’s official rate issued on the last day of their fiscal year-end, but affected taxpayers may wish to seek specific clarification from the GDT on this matter.

Read a June 2022 report [PDF 168 KB] prepared by the KPMG member firm in Cambodia


The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.