News Update Category: Other

On 22 March 2019, the Ministry of Economy and Finance (“MEF”) issued the new Prakas on the tax base to calculate the stamp duty tax on the transfer of ownership or right of possession of immovable property such as construction and/or land, located at geographical areas of capitals and provinces of Cambodia. Under this new… Continue reading Tax Base to Calculate the Stamp Duty Tax for the Transfer of Ownership or Right of Possession of Immovable Property

Pursuant to Prakas No. 443 of Ministry of Labour and Vocational Training (“MLVT”) on Seniority Payment dated 21 September 2018, all employees, under the unlimited duration contract (“UDC”), are entitled to receive the Back Pay of Seniority from January 2019 with the amount of 15 days of base wage per year.   The Back Pay of… Continue reading Back Pay of Seniority Suspended Until 2021

Following the article 77, article 78 and article 98 of Law on taxation, and the regulation on Value Added Tax (VAT) along with the Instruction No. 1127 dated January 26, 2016, the General Department of Taxation (GDT) issued the Notification No. 4908 on March 18, 2019 which states to require all registered taxpayers in the… Continue reading The Use of Khmer Riel in Tax Invoice

For the past two decades, Cambodia has experienced rapid economic growth. Broad access to global markets and an economic policy, especially the increasing of the inflow in finance and real estate sector, which means the country’s economy is expected to continue growing, openly courts foreign investment. Therefore, trust notion has started to bloom in Cambodia… Continue reading Trust Law in Cambodia

Following the Ministry of Commerce’s Regulation No. 300 dated 29 December 2015, all companies, enterprises, branches, representative offices, affiliates or agents which had registered their businesses before the 4th of January 2016 shall re-register their business through the Ministry of Commerce’s automated business registration system via www.businessregistration.moc.gov.kh. Under above regulation, employers shall re-register their business in the automated system… Continue reading Deadline for Online Business Re-Registration Extended