GDT Urges Suppliers To Secure Licences

0
517

In a bid to enhance tax revenue, the General Department of Taxation (GDT) yesterday called on all goods and services suppliers in the country to apply for a permit by July 31.

The office of the General Department of Taxation in Phnom Penh. Khmer Times

GDT stressed that a significant number of suppliers operate without a license, which is against the law.

“To enhance the efficiency of existing regulations and help suppliers have a proper tax declaration base on their business activity, the General Department of Taxation would like to remind all goods and services suppliers to apply for a permit by July 31,” the GDT said in a statement.

According to GDT, while the application is being processed, the companies will be recognised as legal entities. Those that do not apply for a permit before the July deadline will be punished according to the law, GDT said.

This article was originally published in the Khmer Times.