Legal and Tax Updates

Issue: No. 001P/23 – 02 January 2023

On 14 November 2022, the Real Estate Business and Pawnshop Regulator (REBPR) of the Non-Banking Financial Services Authority (NBFSA) issued a Notification on Using the New Format of Report/Statement of the Mortgage and Pawnshop Business Sector from 1 January 2023 onwards (the “Notification”).

This Notification aims to inform all licensed mortgage and pawnshop business owners that the format of the monthly report and annual financial statement of the mortgage and pawnshop business sector will be changed from 1 January 2023 onwards.

Therefore, all licensed mortgage and pawnshop business owners are required to submit the report/statement as defined in Prakas No. 030 MEF.PrK dated 13 January 2017 shall use the new format of report/statement and submit it directly to REBPR located at NBFSA Building No. 168F, 7^th Floor, Street 598, Chrang Chamreh I Commune, Russei Keo District, Phnom Penh or via telegram number at 078 266 268 during working hours from 1 January 2023 onwards.

Disclaimer:

The article is merely for general information purposes. It does not constitute a legal advice on the subject matter. If you have any question or need any assistance, please feel free to contact us:

	SON Sokeng, Partner, Managing Director sokeng.son@sithisak-lawoffice.com +855 12 885 870	Sokeng has more than 8 years of professional experiences in corporate, commercial, investment and capital market sector in Cambodia. He advised and assisted various companies in various legal compliance issues, major investment projects and in conducting legal due diligence for major M&A and IPO projects. He has led many legal counsel teams to advise and assist ACLEDA Bank Plc., Phnom Penh Autonomous Port and other SMEs in the process of listing and proposed listing on the Cambodia Securities Exchange (CSX).
	NOEUM Sokvichhai, Partner, Head of Corporate, Commercial and Investment Practice Group sokvichhai.noeum@sithisak-lawoffice.com +855 12 826 785	Atty. Sokvichhai has more than 6 years of experiences in labour, corporate, commercial and investment advisory in Cambodia. He actively advices and assists various businesses in commercial, tax, and labour registration, business licensing, products registration & distribution, business recapitalization & restructuring, and mergers & acquisitions transaction. He also has particular experiences in advising collective investment fund and trust business, investment incentives & qualified investment project, and labour & employment related issues. Sokvichhai also assists major business in preparing various commercial agreements. Currently, Sokvichhai is also leading Sithisak’s Investigation Team to investigate any labour related misconduct within client’s company.

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