Cambodia Issues Circular on Documentation Requirements for Related-Party Loans

On 18 March 2019, the Cambodian General Department of Taxation (GDT) issued Circular 4909 on the documentation requirements for interest on related-party loans. This includes that taxpayers must maintain the following documentation where interest charged on related-party loans is not at the market interest rate:

• The loan agreement, including the loan period;
• A business plan in relation to the loan;
• An explanation of the determination of the interest rate; and
• The board resolution that approv…