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Practical Training in Taxation

Taxation Law of Cambodian is the duty of imposing charges on citizens and corporation entities that must be implemented. It's the huge risk factor for business owners if they don't apply to taxation Law. This course will focus on the implementation of how to fill in the sample tax forms that are officially used by tax authority.

Objectives

After completion of this course, the participants will be able to:

• Understand the overview of tax compliances which are current practices related to taxation in Cambodia.
• Apply the tax calculation for monthly and annually.
• Realize the tax depreciation of Assets.
• Manage tax transaction recording effectively.
• Know the deductible and non-deductible expense clearly.
• Gain practical experience of monthly and annually tax declaration of ACLEDA's procedure.

Course Contents

1. Overview of tax system in Cambodia
• Prepayment of profit tax
• Withholding tax
• Tax on salary and fringe benefits tax
• Value added tax
• Patent tax
• Signboard and Trademark tax
• Transportation tax
• Annual tax on profit or Minimum tax
2. Monthly Tax calculation
• Prepayment of profit tax
• Withholding tax
• Tax on salary and fringe benefits tax
• Value added tax
3. Tax depreciation of assets
• Tangible Property Rate
• Intangible Property Rate
4. Tax transaction recording effectively
• Prepayment of profit tax (1%)
• Accrued profit tax (20%)
• Withholding on interest and services
• Tax on salary and Fringe benefit tax
• Value Added Tax(VAT)
5. Deductible and Non-deductible expense
• What's deductible expense?
• What's non-deductible expense?
6. Monthly and annually tax declaration of ACLEDA's procedure.
• Accounting Profit Vs Tax Profit
• How to compute Tax on Profit by Advance Excel
• Best practice of tax declaration processing of ACLEDA Bank Plc.

Training Fee

• USD 170 per participant per training course.
• USD 160 per participant for organization sending 3-5 participants to the course.
• USD 150 per participant for organization sending 6 participants up to the course.

This fee includes training materials, refreshments, lunch and certificate.

Payment Condition: There is no charge for any cancellation which is made by the deadline of the registration. Cancellation after deadline of the registration and participants appearing without proper cancellation will be charged the full amount.

Methodology

The training methodology will be focused on experience-based and participatory approaches including brainstorming, group work, sharing hand on experience, training game, participants’ problem raised during training workshop.

Trainers

Mr. TUY Sovannara, Senior Faculty, specialized in finance and accounting at ACLEDA INSTITUTE OF BUSINESS

Born on 1978, he obtained a Master's Degree of Business Administration (MBA) major in Finance from National University of Management, Cambodia in 2011. He also graduated with a Bachelor of Arts majoring in English for Business Communication (English Based, International Program) from Pannasastra University of Cambodia in 2012. He gained a Bachelor of Economics in Banking and Finance at Norton University, Cambodia in 2000. He has attended numerous short courses on finance and banking, training of trainer, management and leadership which were organized by ACLEDA Bank Plc. since 2000.

He started working for ACLEDA Bank Plc. as a credit officer in 2000 and was promoted as a chief of credit officer in 2001. He moved to work as an Auditor in 2003 and was changed to Accountant at Operation Department, Headquarter, ACLEDA Bank Plc. in 2004. He was promoted as an Assistant Vice President and Manager of Accounting Unit at Trade Finance Division in 2007. He became a Senior Specialist at Trade Finance Division in 2013. He has been assigned as a member of trainer pool of ACLEDA Bank Plc. since 2007 and responsible for delivering training courses on task of accountant, financial and accounting management, financial statement analysis, planning and budgeting, ratio analysis, off-balance sheet entry of trade finance, set up credit line, input loan in bulk into system, and prepared monthly reports to management. He currently holds a position as a Senior Faculty, specialized in finance and accounting at ACLEDA INSTITUTE OF BUSINESS

Mr. Hang Sophalline, Senior Faculty, specialized in finance and accounting at ACLEDA INSTITUTE OF BUSINESS

Born on 1979, he obtained a Master's Degree of Business Administration (MBA) major in Management from National University of Management, Cambodia in 2006. He also graduated with a Bachelor Degree of Accounting (BBA) at National Institute of Management in 2001. He has attended numerous short courses on finance and banking, training of trainer, management and leadership which were organized by ACLEDA Bank Plc. since 2001.

He started working for ACLEDA Bank Plc. as a credit officer in 2001 and was promoted as Assistant Vice President and Manager of Accountant branch in 2002.Then he moved to work at Headquarter as an Assistant Vice President and Manager of Budgeting and Control Unit at Finance Division, ACLEDA Bank Plc. in 2011. He currently holds a position as a Senior Faculty, specialized in finance and accounting at ACLEDA INSTITUTE OF BUSINESS

Guest Speaker

Senior Management Team from Finance Division (ACLEDA Bank Plc.)