ABA​ promotes​ efficient​ tax​ environment​ for​ business​ by​ sponsoring​ TAFTAC’s​ Tax​ Forum​ 2024

28/Oct/2024

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ABA​ Bank,​ Cambodia’s​ largest​ commercial​ bank​1,​ became​ the​ Gold​ Sponsor​ of​ the​ Textile,​ Apparel,​ Footwear​ &​ Travel​ Goods​ Association​ in​ Cambodia​ (TAFTAC)’s​ Tax​ Forum​ 2024.​

This​ Forum​ is​ a​ platform​ for​ businesses​ to​ gain​ insights​ into​ the​ latest​ tax​ developments​ and​ best​ practices. The​ Forum​ was​ held​ on​ 24​ October​ 2024​ under​ the​ support​ of​ the​ General​ Department​ of​ Taxation​ and​ other​ partners​ and​ focused​ on​ crucial​ tax-related​ topics​ for​ businesses​ in​ Cambodia.​ The​ event​ was​ graced​ by​ the​ presence​ of​ H.E​ Kong​ Vibol,​ Director​ General​ of​ the​ General​ Department​ of​ Taxation.​

The​ platform​ featured​ discussions​ on​ tax​ incentives​ under​ the​ New​ Investment​ Law,​ VAT​ and​ VAT​ Refund,​ tax​ obligations​ of​ CMT​ and​ FOB​ Enterprises,​ tax​ audits​ and​ its​ new​ SOP,​ and​ tax​ crime​ investigations.​

As​ a​ committed​ partner​ to​ the​ growth​ and​ development​ of​ Cambodia’s​ business​ community,​ ABA​ Bank​ recognizes​ the​ importance​ of​ providing​ businesses​ with​ the​ necessary​ knowledge​ and​ tools​ to​ navigate​ the​ complexities​ of​ tax​ regulations.

1​ABA​ Bank​ is​ the​ largest​ commercial​ bank​ in​ Cambodia​ in​ terms​ of​ total​ assets,​ gross​ loans,​ customer​ deposits,​ and​ profitability​ based​ on​ the​ National​ Bank​ of​ Cambodia’s​ Annual​ Supervision​ Report​ 2021-2023.