Home Events The Signboard / Advertisements Tax: Update and Deep Dive on the New Prakas

Events

The Signboard / Advertisements Tax: Update and Deep Dive on the New Prakas

Event Details

Date:
Date to be announced

Time:
08:30AM - 10:30AM

Venue:
Andersen in Cambodia Office, Phnom Penh

Note: All activities, publications, and events mentioned in this post were conducted under the name VDB Loi prior to our transition to Andersen in Cambodia on 18 September 2024.

Introduction

The new Prakas dated 20 March 2024 on the Signboard or Advertisements Tax comes as many enterprises struggle with tax reassessments and penalties related to all types of advertising. The General Department of Taxation (GDT) has issued new rules to determine which advertising or signs trigger this tax, and which ones do not. Besides what is subject to tax, major other aspects are also often disputed. Such as, who owes this tax if the advertisement concerns several parties such as a principal and its agents? A lot of practical questions and issues, worthy of a deep dive.

In this highly practical physical breakfast seminar, Andersen in Cambodia experts will take you through a systematic, thorough analysis of the Advertisement Tax with a special focus on the changes since the new Prakas of 20 March 2024.

Highlights

What has been changed as per the new Prakas dated 20 March 2024?
Which are subject to tax: Questions about T-shirts, pens, cups, notebooks with logos?
Can one advertisement be taxed multiple times and by different tax departments?
Advertising by agents of banks, MFI, fuel retail and franchising: is the principal or the agent responsible?
Does the size of signage matter? Name of company at building reception?
TV screens and LED panels
Are websites, letters and brochures subject to Advertisement Tax?
Who pays? The advertising agency, the signage location owner or the company?
Which signs are exempt from Advertising Tax?
How and when to file and pay the Advertisement Tax?
How about provincial and local taxes on signboards?

Open for pre-registration (Limited places available!)

Registration is free of charge for Andersen in Cambodia clients and invitees. Send your info (Name, Position, Company, Email, Contact Number) to Kathryn Ortega (kathryn.ortega@kh.Andersen.com) or click on the register button.

Speakers

Edwin Vanderbruggen

Senior Partner

Andersen in Cambodia

Edwin has over 30 years of experience as a legal and tax professional, academic, author, and government advisor. He has worked in Southeast Asia for nearly his entire career.

Edwin has built up vast experience advising sponsors, financial institutions, oil and gas supermajors, independent power producers, and other multinational enterprises on their projects in the region, including on multibillion dollar energy and infrastructure projects, mergers and acquisitions, and financing transactions.

He is renowned for his expertise in international taxation and investment, regional tax structuring, and tax planning.

He has assisted the governments of Cambodia (2006-2008 as a full-time adviser to the Minister of Finance), Thailand (2001-2005), Vietnam (2010), and Myanmar (2013-2020) on transactions or on issues such as legal reform, public finance, privatization, and taxation. He has also frequently consulted for IFC, ADB, the United Nations, and governmental agencies of Japan, Korea, and the Netherlands.

In his academic career, he has lectured at six prestigious universities in Europe and Asia, and written nine textbooks and over 40 scholarly articles, some of which have won scientific awards.

Laysym Sim

Partner

Andersen in Cambodia

Laysym is an experienced tax professional with a degree in management. He has over 20 years of work experience, including with KPMG in Cambodia, where he was responsible for relations with the tax authorities. Laysym works with a wide variety of clients, both local and international, across a broad range of industry sectors, with a particular focus on the real estate and transportation industries. He has advised on tax planning for large property projects, employee benefits, and has conducted tax due diligence on several major acquisitions in Cambodia.

Laysym heads the firm’s tax compliance and tax disputes teams. He has a long and proven track record of successful defense of multinationals, banks, and property developers. He also leads our transfer pricing practice in Cambodia.