General Department of Taxation (GDT) Instruction No. 10362 that prescribes the official exchange rates to be used by VAT registered taxpayers from June 2022 onwards. Prior to this guidance, taxpayers applied the average exchange rate issued by the National Bank of Cambodia for their monthly and annual tax declaration. Under this new guidance, taxpayers are to apply the GDT’s official exchange rate issued on the last day of the month or the year in computing their monthly or annual tax declaration.
Source KPMG
