After many years of changes in tax laws and regulations or changes in your Business activities or internal policies and procedures, you may wish to review your organization’s tax compliance position to make sure your organization is complying with filing and documentation requirements. Where weaknesses or
non-compliance are identified, you may then take steps to remedy the situation and mitigate and minimize tax risk.
Tax Health check - English Version
Why is tax health check important?
A tax health check helps your business to:
- Stay compliant with Cambodian tax laws
- Reduce the risk of penalties and disputes
- Identify potential tax saving opportunities
You may benefit from a tax health check if:
- You were recently audited by the Tax Authority
- Some periods have not yet been audited
- You prepare and file tax declarations without professional advisors
- You are unsure if your documentation meets legal requirements
- Your tax on income exemption period has recently ended
- Your business has restructured, expanded, or increased capital
If any of the above apply, a tax health check can add value to your organization
Why It Matters
KPMG's tax team simplifies this process for you. With extensive knowledge and experience, we provide quality service that meets expectations and helps you achieve your goals.
Knowledge and skills matter when facing a tax review. KPMG brings both.
How KPMG's Tax Health Check Helps
KPMG's tax health check service is designed to support your company by:
- Preparing and reviewing your records and documentation
- Assessing your current tax declarations and compliance status
- Providing a clearer picture of your overall tax position
- Offering guidelines to address non-compliance issues
- Delivering recommendations to strengthen internal controls and processes
Why Choose KPMG
KPMG is uniquely positioned to deliver a comprehensive tax health check tailored to your organization's needs.
- Identify and manage risks: We uncover tax non-compliance issues, highlight potential exposures, and recommend practical policies and procedures to strengthen compliance and risk management.
- Expert technical insight: Drawing on our research into relevant tax laws, regulations, and precedents, we advise your team on complex technical matters and help identify potential tax-saving opportunities.
- Build compliance awareness: We enhance your staff's understanding of Cambodia's tax requirements and provide guidance on the technical arguments and supporting documentation needed to address specific tax issues effectively.
KPMG's Approach
KPMG is ready to support your organization in meeting tax compliance challenges and building confidence with stakeholders by ensuring risks are properly addressed.
Our Tax Health Check service covers the full spectrum of taxes relevant to companies operating in Cambodia, including monthly and annual filings, registration, and updates of required information.
Our approach includes:
- Understand your business operations and inherent tax matters
- Engage with staff and management to assess compliance policies, internal controls, and current concerns
- Review tax returns submitted to authorities and verify supporting documentation
- Identify non-compliance issues and provide both quantitative and qualitative analysis with clear recommendations for remediation
- Research relevant tax laws, regulations, and precedents to advise your team on technical details and potential tax-saving opportunities
- Advise on documentation requirements and amendment procedures, while recommending improvements to internal controls and processes
- Deliver comprehensive advice on your current compliance position, potential risks and exposures, and practical solutions for all identified issues
