Client Alert – Residency and Taxation Issues for Directors
Tim Holzer,
Head of Banking & Finance Practice Group
Tim is an American lawyer who has over two decades experience advising clients on complex contracts, project financing, joint venture structures, foreign direct investment projects, and secured transactions for multinationals doing business and/or seeking to do business in Asia. Tim holds an engineering degree and has a law degree from the University of Akron, U.S. and a Masters Certificate in Contract Management from George Washington University.
Dary So,
Head of Tax/Compliance
Dary assists clients with tax, compliance and outsourcing services. Dary is one of Cambodia’s top taxation experts and serves on the board of various financial institutions and not for profit organizations. She has advised MNC’s on taxation strategies and compliance, and her current client base includes some of Cambodia’s largest international businesses.
James Roberts,
Tax Advisor
A chartered accountant from the UK with Cambodian CPA status. He specializes in tax planning and structuring, tax risk mitigation and tax efficient structuring for a range of international investors. Prior to moving to Cambodia, James worked with the UK’s largest accounting and tax advisory practices, RSM Tenon.
December 9th, 2014: In an earlier Client Alert (18 November 2014) we discussed Prakas 1139 which deals with tax registration of Cambodian registered companies. We focused on the question of whether there was now a residency requirement for directors of Cambodian companies.
In particular, we noted the following language: the chairman of the board of directors “shall present directly at tax administration for photo taking and fingerprint scanning and shall bring …
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Sciaroni & Associates Banking & Finance Practice Group’s expertise in banking and finance encompasses a broad range of advisory experience, much of it related to ensuring compliance with prevailing laws. Sciaroni & Associates’ talented team of professionals can help with drafting of security documentation and all aspects of bank licensing in the countries in which we operate. Our staff of expat and Cambodian experts review loan agreements, ensure banking corporate compliance and provide advice on finance structure.
Sciaroni & Associates Taxation Practice Group is a full service Accounting and Advisory practice, servicing the needs of expatriate and international businesses. To our local clients we bring international standards of professional service and to our international clients we merge our understanding of local compliance and legislative practices with quality of service and financial information required for global business.
Sciaroni & Associates is a leading business and investment advisory firm serving Southeast Asia since 1993 with offices in Cambodia, Laos and Myanmar. Sciaroni & Associates assists clients in understanding the complex business conditions in those markets while efficiently identifying and resolving issues following strict international ethical standards. Our firm provides experienced advice and seasoned business insights to many of the world’s leading companies, governments, economic think tanks, global development funds and international NGOs.
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