Prakas Set to Control Tax Agents

2 May 2013
The Phnom Penh Post
Banking and financial services / Economy and commerce
Cambodian Economic Association / Cambodian Economic Association president Chan Sophal / Chan Sophal / Clint O’Connell / General Department of Taxation / Kampuchea Institute of Certified Public Accountants and Auditor / KICPAA / Kong Vibol / licensing / MEF / Prakas 455 / tax / Tax Administration / tax agents / Taxes / The Ministry of Economy and Finance / VDB Loi / VDB Loi Partner Clint O’Connell

The Ministry of Economy and Finance (MEF) last month signed a prakas, a ministerial decision, to ensure tax agents’ professionalism, an insider told the Post yesterday. … After the full implementation of Prakas 455, signed on April 12, agents have to pay one million riel to obtain a licence every two years. They need to be at least 18 years old, have a relevant qualification or record of study of at least six months and a clean criminal record. Professionals also need to pass an examination, unless they already have a professional document from the MEF or the Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA), or are former tax officials. …

http://www.phnompenhpost.com/2013050265367/Business/prakas-set-to-control-tax-agents.html