The General Department of Taxation (GDT) has ordered that all taxpayers show the total amount of their tax invoices in Cambodian riel. The change will come into effect on April 1.
The GDT instruction issued on Monday indicates that tax invoices are required to show total amounts in the local currency, although taxpayers can use either the riel or the US dollar as the base.
The exchange rate to be used is either the official GDT-issued exchange rate of the previous month or the market rate. However, the market rate must not be lower than the daily exchange rate of the National Bank of Cambodia.