A value-added tax (VAT) is a tax on consumer expenditure. It is collected on business transactions and imports. Most business transactions involve the supply of goods or services and VAT is payable if the supplies :
- are made in the Kingdom of Cambodia;
- are made by a taxable person;
- are made in the course or furtherance of a business; and
- are not specifically non-taxable or zero-rated.
Supplies which are made in the Kingdom of Cambodia which are not non-taxable are called taxable supplies.
A taxable person is an individual, partnership, corporation, etc which is or is required to be registered for VAT. Certain categories of persons and a person who makes taxable supplies above certain value limits are required to be registered.
Supplies are outside the scope of the tax if they are :
- made by someone who is not a taxable person; or
- not made in the course or furtherance of business.
Bookkeeping also known as record keeping is the part of accounting that records transactions and business events in the form of journal entries in the accounting system.
COOK-MA Activity: Produce and sell Cookies
For collecting invoices once per week from our company, MJ Accounting Service Co., Ltd.’s staff are coming punctually and on schedule. When we ask some questions, they always respond to us back as in the same time or day.MJ Accounting Service Co., Ltd. has promptly provided information related to taxation, more changes and cautions that happen in Cambodia frequently. Moreover, their staff are extremely friendly and giving us a nice welcome as we are working in Japan. He continually added that “What is more, by transferring accounting and tax duties to MJ Accounting Service Co., Ltd. we can focus on our business more within a less stressful for overseas working.”
By Mr. NAOTO KASHIMURA who is the Entrepreneur of COOK-MA.
KON KHMER COMMUNICATION CO., LTD
Activity: Information Technology Service(Soft ware Development and Website Design)
“Our company can rely on MJ Accounting Service Co., Ltd. with assurance, and our company is always responded from them rashly and politely. I really appreciate on them. Would like to say thank you to MJ Accounting Service Co., Ltd. that frequently give us a thoughtful consultation though in any irregular cases happening.”
By Mr. SHOHEI MAEKAWA who is the General Manager of KON KHMER COMMUNICATION CO., LTD
BRANCH OF FUJI REALTY CO., LTD
Activity: Real Estate
“Although we are a branch of Japanese company in Cambodia , it is special case. We extremely appreciate to MJ Accounting Service Co., Ltd. that has always given nicely services on accounting tasks as well as other licenses requesting. Moreover, we would like to thank for a smooth accounting process with our company in Japan.
By Mr, HIDEYUKI MAGAMATSU who is the CEO of BRANCH OF FUJI REALTY CO., LTD