Invoice Types
Under Cambodian tax regulations, a business that is registered for VAT with the General Department of Taxation (GDT) must issue the right type of invoice for each customer. The type depends on whether the customer is also VAT-registered. Localizebook supports three invoice types:
1. Tax Invoice
Issue a Tax Invoice to customers who are VAT-registered (customers with a VATTIN). A Tax Invoice shows the VAT amount separately, along with both your VATTIN and the customer's. Your customer needs this invoice to claim the VAT they paid as an input tax credit.
2. Commercial Invoice
Issue a Commercial Invoice to customers who are not VAT-registered, such as individuals, final consumers or businesses without a VATTIN. VAT still applies to the sale, but the customer can't claim it as an input tax credit.
3. Standard Invoice
For none registered company to record sale transaction or reimbursement . It isn't a tax document, so don't use it instead of a Tax Invoice or Commercial Invoice for a taxable sale.
Note:
-Choose the invoice type by the customer's VAT registration, not by whether the customer is a company or an individual. For example, a company that isn't VAT-registered should receive a Commercial Invoice.
-Make sure to use the correct invoice template with the invoice type.
Tip: Before you issue a Tax Invoice, check that the customer's VATTIN, company name in Khmer and company address in Khmer are filled in under Tax Information in the customer record. You can also set a default Invoice Type for each customer under Preferences.