Article 1. “Purpose”
This Parkas aims to revise the income tax for insurance enterprises to promote and develop the insurance sector in the Kingdom of Cambodia.
Article 2. “Goals”
This Parkas aims to determine the rules and procedures of income tax payment for insurance enterprises in accordance with the new Article 21 of the Fiscal Law, which was amended by Article 10 of the Law on Finance for Management 2017.
Article 3. “Scope”
This Parkas is applicable to existing insurance cooperatives.
- Insurance activities or reinsurance on property or other risks in the Kingdom of Cambodia
- Insurance activities or life insurance that are in the nature of savings and other activities other than insurance or reinsurance on property or other risks as defined in paragraph 1 of this article.
Parkas on Tax on Income of Insurance Industry Download