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Cambodia Issues Market Interest Rates for 2017

The Cambodian General Department of Taxation has issued a notification on the market interest rate for the 2017 financial year. The rate is used in relation to Cambodia's restriction on the deduction of interest expense exceeding the market rate as follows:

  • Expense exceeding 120% of the market interest rate on loans from non-related parties; and
  • Expense exceeding the market interest rate on loans from related parties.

The rate depends on whether a loan is denominated in Khmer Riel (KHR) or U.S. Dollars (USD). For the 2017 financial year, the market rate for KHR denominated loans is 12.12% per annum and the rate for USD denominated loans is 9.31% per annum.

Note - The restriction is in addition to the general restriction that deductible interest expense may not exceed 50% of net non-interest income per year.

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