Textile & Apparel SEA-Cambodia Summit 2024
The Textile and Apparel Southeast Asia (SEA)-Cambodia Summit 2024, a highly anticipated event in the textile and apparel industry, is scheduled to take place...
Cambodia Pursues Double Tax Agreement Expansion To Boost Investment Confidence
Cambodia is currently seeking to expand its network of double tax agreements (DTAs) with other countries to eliminate double taxation and prevent tax evasion,...
AmCham Cambodia “Mid-Year Review: Real Estate and Construction Law Update” 2023
On June 23, 2023, AmCham Cambodia hosted its “Mid-Year Review: Real Estate and Construction Law Update” with 70 attendees finding out more about the...
Property Insight: Land Title Transfer Process
Sciaroni & Associates legal advisor Kiri Sereyrath helps explains the process for transferring land titles in Cambodia.
After execution of the sale and purchase agreement entered into...
What You Need To Know About The Cambodia My 2nd Home...
From July 22, 2022, foreigners looking to invest in Cambodia will be able to apply for the new 10-year (so-called golden visa) which falls...
Cambodia Records Total Tax Revenue Of Nearly $6 Billion In 2023
Cambodia collected nearly USD $6 billion in total tax revenue in 2023, including a total reported tax revenue of USD $2.28 billion from the...
Government Clarifies Minimum Tax Exemption
The Ministry of Economy and Finance has issued guidelines on how taxpayers who satisfy its accounting guidelines can obtain a minimum tax exemption.
One year...
Revamping The Tax System In The Kingdom
Tax regulations in Cambodia are increasing in number and gaining in complexity, while also being enforced more rigorously. Steadily, the tax collecting system in...
CBC and Credit Guarantee Corporation of Cambodia Plc. Sign MoU to...
Credit Bureau (Cambodia) Co., Ltd. (CBC) and Credit Guarantee Corporation of Cambodia Plc. (CGCC) have signed a Memorandum of Understanding to strengthen financial inclusion...
Realestate.com.kh EXPO 2022 Generates $30 Million in Property Sales
The Realestate.com.kh EXPO 2022 which was held over the past weekend (2-3 July 2022) at the Premier Centre at Sen Sok welcomed over 12,000...
Collective Investment Schemes (CIS) To Register On CSX
As the relevant authorities try and push for listings on Cambodia's stock exchange (CSX), the Non-Banking Financial Services Authority (NBFSA) and Securities and Exchange...
First Cases Settled By Commercial Arbitration Body
For the first time in Cambodia, commercial disputes have been resolved using an independent arbitration panel instead of the Kingdom’s court system.
Ros Monin, president...
National Bank Of Cambodia Takes Measures To Maintain Value Of Riel
The National Bank of Cambodia (NBC) has recently announced its intention to intervene in the exchange rate in response to sluggish demand for the...
Cambodia’s GDT close to 2020 collection target
Cambodia's General Department of Taxation (GDT), confirmed this week that it had collected 95 per cent of its annual revenue collection target for 2020,...
COVID City Colour Zones in Cambodia
The new city map zones which were released on April 26 2021 by Phnom Penh municipal governor Khuong Sreng, details the red, yellow and...
New IP Body Seeks Cooperation With Government
The Intellectual Property Association of Cambodia (IPAC) officially launched last week with 58 intellectual property agents and lawyers among its ranks. The aim of...
Single Portal Surpasses 27000 Firms Registered
The Online Business Registration Platform (OBRP), also known as the Single Portal, has increased with over 27,000 firms now registered on the platform, representing...
Professional Organisations Under Cambodia’s Trade Union Law
The Trade Union Law (TUL), initially drafted in 2008, was discussed over an eight-year period at numerous consultative meetings involving the tripartite parties: government...
Khmer Accountants Step Up Their Game
Accounting standards in Cambodia continue to improve as the highest ever intake of Khmer students pass global body for professional accountants ACCA exams.
There are...
Cambodian ranking on 2020 Corruption Perception Index
Cambodia ranked one place better on the 2020 Corruption Perception Index but was still the worst-ranked of the ASEAN nations.
The Transparency International’s (TI) Corruption...
Cambodian Construction Standards Rising
As a construction professional working in Cambodia, Bernie Durkin, General Manager at YellowTree Interior Co., Ltd, is seeing a general shift in the safety...
Accounting Standards Poor Across The Kingdom: Study
A recent study to measure compliance with Cambodia’s Law on Accounting and Auditing found few companies are willing to share information about their accounting...
Tax Forum 2023: Panel Discussion on Cambodian Tax Incentives
The Malaysian Business Chamber of Commerce (MBCC), with support from the General Department of Taxation (GDT), organised a Cambodian Tax Forum 2023 at the...
Boosting Efficiency At The Workplace: Q&A With David Benaim
David Benaim is the founder of local consulting firm Xlconsulting, which specialises in IT and accounting solutions for small businesses and NGOs. Besides being...
Banking And Finance In Cambodia
Despite the recent decline in world economic growth, the National Bank of Cambodia (NBC) reported reduced inflation and a stable exchange rate in its...
Cambodian business registrations 2020
As of October 2nd 2020, more than 1,360 applications have been approved via the Cambodian online business registration. The Cambodian government launched the online...
2021 Foreign Employee Work Permit Applications Extended
The Ministry of Labour and Vocational Training (MLVT) confirmed that the Foreign Employee Work Permit Applications have been extended until 31 May 2021.
The extension...
Getting A Last Will And Testament Written In Cambodia
There is no avoiding the crude reality, we are all going to expire at some point. When we do, we better had got our...
2017 Patent Tax Filing And Payment Obligation
The General Department of Taxation has reminded and updated all registered taxpayers on their obligation to submit and remit Patent Tax for 2017 as...
Resolving Business Disputes In The Kingdom
Cambodia’s National Commercial Arbitration Centre was launched in March 2013 as a way to resolve commercial conflicts outside of the Kingdom’s court system. The...
Tax Insight: Implementation For VAT On Nontaxable Supplies
On 25 May 2017, the General Department of Taxation (GDT) issued Prakas No. 559 relating to VAT for non-taxable supplies in accordance with Article 57...
Labour Ministry Adds April For Foreigner Work Permit Registration
In a similar move to the one pulled recently by the General Department of Taxation, whereby they issued a last-minute month-long extension to their...
The Duryodhana Statue Returns To Cambodia
Sciaroni & Associates congratulates the Royal Government of Cambodia on its victory in having the Duryodhana statue returned to Cambodia. We were proud to...
CAMGSM Plc. Completes Listing On Cambodia Securities Exchange
Cellcard (CAMGSM Plc.) successfully listed its Class A common stock on the Cambodia Securities Exchange (CSX) on June 27, 2023, following its initial public...
Minimum Wage In Cambodia To Increase To $204 In 2024
Starting from January 1, 2024, the minimum wage in Cambodia will increase to USD $204, marking a rise of USD $4.
This announcement was made...
Cambodia National Protection Consumer Conference 2023
The Cambodian National Consumer Conference was held in April 2023 under the theme "Empowering Companies to Boost Fair Marketplaces” and organised by the Consumer...
The Garment Industry In Cambodia
Cambodia’s garment industry has seen significant growth recently. According to data from the Ministry of Commerce, exports of garment and textile materials rose by...
Gov’t Issues Prakas On Fines For Violations Of Labour Law
The Ministry of Economics and Finance issued Prakas No. 659 on Monetary Fines for Violations of the Labour Law, dated June 6, 2016.
The Prakas sets...
First Tax Service Agent Licences Granted By Government
The Cambodian government made another significant step towards the professionalisation of its tax industry yesterday by issuing 43 tax service agent licenses to individuals...
Deadline Looming To Submit Foreign Worker Quota Requests
If you are the owner or director of a company in Cambodia and you wish to employ foreigners for more than a tenth of...
Cambodian Public Holidays 2023
The Kingdom of Cambodia is set to have a total of 21 public holidays in 2023, according to a sub-decree released by the Royal...
AmCham Discusses New Laws on Taxation
The American Chamber of Commerce in Cambodia (AmCham) held an informative session in Phnom Penh to share updates on the country's new laws on...
Accounting in Cambodia
The country’s basic requirements for accounting, financial reporting and auditing were set out in 2002 with the Law of Commercial Enterprises and the Law...
ACLEDA Bank Takes On USD $80 Million Loan From Bank SinoPac
ACLEDA Bank, a publicly-listed financial institution on the Cambodia Securities Exchange (CSX), has recently announced that it has taken a USD $80 million long-term...
Cambodia Launches Arbitration Body
Cambodia officially launched the long-awaited National Arbitration Center (NAC) on Monday, aiming at enhancing business environment and attracting more local and foreign investors.
Speaking at...
Tax Reforms Swift But Challenges Remain, Kong Vibol
Kong Vibol, the director general of the General Department of Taxation (GDT), praised yesterday the swift tax reforms undergone in the Kingdom under his...
Admission to Cambodian Bar Association
On 19 March 2018 the Bar Association of Cambodia approved Sciaroni & Associates' senior partner’s application to be admitted as an attorney to practice...
Small businesses urged to apply for tax incentives
The General Department of Taxation is calling on small and medium-sized enterprise operating in a number of prioritised industries to apply for tax incentives...
Employment Policies Under The Cambodian Labour Law
The Cambodia Labour Law of 1997 outlines employment relations resulting from employment contracts performed in Cambodia. The law applies to contracts for employment in...
Maximum Concession Period In Laos Cut To 50 Years
In a move aimed at maximising investment benefits for the local economy, the Laos government has amended its Investment Promotion Law to cut the...
Local Companies Required to Use National .KH Domain Name
A notification issued by the Ministry of Commerce (MoC) and the Ministry of Posts and Telecommunications (#0837) has requested that all locally registered companies...
One Window Service Launched For Tax, Customs
The Ministry of Economy and Finance has officially launched a single window service to streamline work across several departments. The service is intended to...
Tax Insight: Rights And Obligations During Complaints Resolution
The General Department of Taxation (GDT) issued Notification Number 7374 on May 4, entitled "Rights and Obligations of Taxpayers or Withholding Agents in Tax Complaints Resolution".
GDT...
The National Commercial Arbitration Center
Due to Cambodia’s growing economy, more and more companies are registering in the Kingdom every year. As with any increase in commercial transactions there...
Cambodian E-commerce Law Nears Completion
In Cambodia, where cash remains king, buying goods over the Internet with credit or debit cards has existed on only a very limited scale...
Producers to measure beer and non-alcoholic beverage sales
In January 2021, the Ministry of Economy and Finance issued Prakas No. 010 on “the Local Manufacturers Obligation to place devices for measuring the...
Hong Sok Hour – The Hopes for the Cambodia Securities Exchange...
At the recent Cellcard (CAMGSM Plc.) listing on the Cambodia Securities Exchange (CSX) in June 2023, B2B Cambodia caught up with H.E. Hong Sok...
The Certification Mark, HBS Law
The Ministry of Commerce (MoC) has introduced a procedure to register, protect and manage a new type of mark in Cambodia called a Certification...
Benefits and Growth of Bancassurance in Cambodia
AmCham organised an event "The Role of Bancassurance in Cambodia and the Region" at Raffles Hotel in Phnom Penh in March 2023, and the...
Nearly 600 Foreigners Obtained Cambodian Citizenship from 2020-2021
A report by the Cambodia China Times suggests nearly 600 foreigners have received their Cambodian citizenship between June 2020 and mid-2021. More than 500...
Panel Discussion On Tax, Accounting And Auditing In Cambodia’s Food Industry
On February 29, 2024, the Cambodia Restaurant Association (CRA) hosted a workshop on "Tax, Accounting & Auditing in the Food Industry", which featured an...
EXPO 2022 – Seminars on Property, Legal & Opportunities in Cambodia
The organisers of EXPO 2022 have announced a quality line-up of seminar speakers this weekend for the two-day event which takes place at The...
GDT Asked to Delay Income Tax 2020
As many as nine international business chambers in Cambodia have asked the General Department of Taxation (GDT) to extend the deadline for filing the...
2020 Casino Tax Collection Drops by More Than 50 percent
The Cambodian Ministry of Economy and Finance has confirmed that casino tax collections for 2020 dropped to $40 million in 2020, less than 50...
Foreigners Present in Cambodia System (FPCS)
A new electronic form via an app called the Foreigners Present in Cambodia System (FPCS) has been rolled out in Cambodia to record data...
Improving Efficiency In The Workplace: Benaim
Entrepreneur, trainer and chartered accountant David Benaim explains the importance of following proper accounting practices, the meaning of visualised business intelligence, and gives us...
The Potential of Investing in Cambodian Sustainable Bonds
In a recently held "The Potential of Investing in Cambodia Sustainable Bond" workshop, leading figures from the financial sector and government aimed to raise...
CamTech Summit 2023: QR Payments Link E-Commerce And Trust In Digital...
Supercharged by the pandemic, digital transformation has been accelerated, fuelling the shift to cashless payments and greater innovation in digital technology. Backed by a...
Arbitration Body Considers Third Case
The National Commercial Arbitration Centre (NCAC) received its latest case last week, marking only the third time that a commercial dispute has been brought...
Cambodian Antitrust and Competition draft law near approval
The Cambodian Ministry of Commerce says the government will finalise a draft law on Antitrust and Competition, and submit it to the National Assembly...
How Does Cambodia Rank In Attracting Foreign Retirees In 2023?
Cambodia was ranked among the top countries in the world to retire by an online Nasdaq article reshared from a publication by GOBankingRates.
The article...
Inpay And Cambodia Post Bank Plc. Team Up To Offer Global...
European-based Inpay, a fast-growing fintech company, and Cambodia Post Bank Plc. (CPBank) have announced they have entered into a partnership to introduce international money...
Phnom Penh Set For Return Of Water Festival 2023
The 2023 Water Festival will return to the Tonle Sap River in front of the Royal Palace in Phnom Penh, following a three-year hiatus...
E-Commerce VAT Tax Prakas
The details of the E-Commerce VAT Tax Prakas have been outlined by Cambodian legal firm DFDL. In April 2021 Sub-decree No. 65 S.E on...
TAX UPDATE: Annual Tax And Accounting Compliance Obligations – With DFDL
B2B Cambodia's ‘Tax Update’ is a show where we break down Cambodia's tax laws and regulations with key experts in the field. In this...
How Businesses Resistance To IT Change Undermines Productivity
In the 1960s-80s business software systems were built by people who at the time thought that, with the rate at which technology was advancing,...
Accreditation Of Environmental Impact Assessment Consultant Companies In Cambodia
For businesses looking to receive accreditation as Environmental Impact Assessment (EIA) consultants in Cambodia, the Cambodian Ministry of Environment (MoE) issued Prakas 08 in...
MOI Notice On Compliance With LANGO
On 4 July 2017, the Ministry of Interior (MOI) issued a Notice, which noted that some local associations (LAs) and NGOs have yet to...
Cambodia’s Financial Sector: Highlights from Mekong Strategic Capital Report
Mekong Strategic Capital released its review of the Cambodian financial and banking sector for 2022 via its Cambodia's Financial Sector: Scale Measuring What Matters...
Licensed Casinos In Cambodia To Drop Further Once The Gaming Law...
Cambodia’s gaming regulator said that the number of licensed casinos in the Kingdom of Cambodia will drop to as low as 50 when the...
Legal Matters: Creating a Cohesive Workplace Environment
“Employees do not work merely for salary. They are contributing their expertise and service to ensure smooth operations within the work place.”
Vo Vanarith, head...
Tax Revenue Up 18 Percent
The Department of Taxation (GDT) collected $829 million in tax revenue during the first half of 2016, an increase of 18 percent over the...
AmCham Tax Forum 2023: Navigating New Cambodian Tax Rules And Tackling...
The American Chamber of Commerce in Cambodia (AmCham) hosted its annual Tax Forum at Raffles Hotel Le Royal Phnom Penh on December 14, 2023....
Cambodia Public Holidays 2022
Cambodia will see a total of 21 public holidays in 2022 which are spread across 15 national, cultural and religious festivals.
Public Holidays in Cambodia...
Acclime Cambodia Consulting and Advisory Services
Hong Kong-based corporate services provider Acclime has acquired Phnom Penh firm BSE Accounting Co Ltd. and has rebranded it as Acclime Cambodia.
In local media...
Server To Assist Government In Online Gambling Crackdown
In an attempt to prevent Cambodians from gambling, the Ministry of Economy and Finance has revealed plans for a server to manage and control...
Data automation system links GDT and GDCE
The Cambodian General Department of Taxation (GDT) and General Department of Customs and Excise (GDCE) launched their data automation system which is intended to...
Cambodia hosts Asian Regional Credit Reporting Conference for Cross-border Credit Reporting...
The National Bank of Cambodia (NBC) and Credit Bureau Cambodia (CBC) hosted a Regional Credit Reporting Conference from 17-18 November 2022 - bringing more...
Income-Tax Threshold To Rise From $200 To $250
The National Assembly is currently reviewing a draft legislation that would raise the lowest taxable income threshold from $200 to $250.
The proposed tax...
How to get a Criminal Background Check in Cambodia
Some jobs in Cambodia do require criminal background checks and the police certificate is the official document issued for this.
These checks might be...
Law Institution To Open In Cambodia For Chinese Business Arbitration
With Chinese-Cambodian relations continuing to prosper and Chinese investments pouring in to the Kingdom, a China-ASEAN Law Cooperation Institution will be opened in Cambodia...
New Tax License Law To Come Into Effect In January
As part of the country’s efforts to revamp its tax administration, the General Department of Taxation (GDT) has established a new system to govern...
Cambodia Withholding Tax (WHT) Rates 2020
The Cambodian government, through the Ministry of Economy and Finance (MEF) has issued Prakas (regulation) no. 525 in late June 2020 on the new...
Less Risk Equals More FDI, Says PPSEZ COO
Charles Esterhoy, Chief Operating Officer of Phnom Penh Special Economic Zone, says PPSEZ can relate to the Cambodian government’s current growing pains as it...
Confluences – Business Evolution in Cambodia
We recently sat down with Soreasmey Ke Bin, who is the founder and CEO of Confluences, as well as the Chairman of the French...
Clevereen and Belaws Partner to Offers Clients Gateway to Metaverse
Clevereen and Belaws have entered a partnership which will enable them to offer clients packages to enter the metaverse.
Belaws has had a presence...
How Will Cambodia Benefit From FATF Grey List Removal
With the news last week that Cambodia had been removed from the Financial Action Task Force (FATF) grey list, there has been a lot...
New Online System To Manage Foreign Workers, Prakas No. 352 KB/BrK
The Ministry of Labor and Vocational Training (MLVT) will launch a new online system to manage foreign workers in the upcoming days, as set...
Cambodian Banking Systems Continue Digitalisation and Push For Innovation
Hardly a week passes without one of the many many Cambodian banks announcing it's navigating the digital landscape, it's a key area every bank...
What does the curfew mean for Phnom Penh?
Phnom Penh was the first hotspot in Cambodia to have a curfew enforced under a new sub-decree that was signed on 31 March 2021....