EuroCham Holds Tax Forum In Siem Reap

Eurocham Cambodia held Friday another edition of its prestigious tax forum in Siem Reap, an event that allowed members of the private sector to...

EuroCham Holds Second Tax Forum

Following the success of the first Tax Forum held by EuroCham Cambodia in September last year, the second annual Tax Forum will take place...

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...

Companies Reminded To Submit Foreign Worker Quota Requests

The Ministry of Labour and Vocational Training has recently issued an announcement which reminds owners or directors of enterprises and establishments falling under the...

Cambodia, Thailand Reach Tax Deal

Cambodia and Thailand yesterday agreed to seek more strategies to boost bilateral trade, cross border development and investment to achieve the target of $15...

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...

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...

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...

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 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...

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...

The Construction Permit Process in Cambodia

With the help of Kiri Sereyrath, a legal associate at Sciaroni & Associates, we find out more about construction permits in Cambodia, in regards...

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...

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...

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...

Retroactive Fees Dropped During April For Work Permit Applications

Foreigners employed in Cambodia who missed the March 31 deadline to register for a work permit have been given a remarkable reprieve by the Ministry of...

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...

GDT Issues Late Extension To Annual Tax Filings Deadline

The General Department of Taxation (GDT) has made an unprecedented last-minute move to grant a one-month extension to its traditional March 31 deadline for...

Thailand Named In President Trump’s US Trade Hit List

US President Donald Trump singled out Thailand – along with Vietnam, Indonesia and 13 other countries – when he announced the signing of two...

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...

Insiders Suggest Investment Fund For Cambodian Bourse

Industrial insiders and experts on the Kingdom’s nascent stock market have suggested the government set up a fund as an investment vehicle designed to...

Working With Cambodia’s Numerous Official Public Holidays

Like it or not, Cambodia is one of the most festive places on Earth, with over two dozen public holidays every year. In 2017,...

Everjobs Report Finds Top Skills For Accounting & Finance Positions

A recent report from online career platform everjobs Cambodia has revealed the skills that are most demanded from employers in the Accounting & Finance...

Government Offers SME Tax Breaks For Tax Compliance

Sweeping tax incentives are being offered by the Cambodian government to small- and medium-sized enterprises (SMEs) in an attempt to bring them into the...

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...

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...

Request For VAT Input Credit And Use Of Sequential Invoice Numbers

On 20 December 2016, the General Tax Department (GDT) issued Instruction No. 21406 relating to Requests for VAT Input Credit in accordance with Article...

Cambodian Auditors Given Sharper Tools To Fight Tax Cheats

Government auditors have been given a clearer authority to access individual and corporate financial data thanks to an amendment in the tax code, which...

Investment Insight: Listing on the Cambodia Stock Exchange

The Cambodia Stock Exchange (CSX) is one of the youngest and smallest stock exchanges in the world, with the shares of only four companies...

Cambodia Signs Agreement To Protect European Patents

The Ministry of Industry and Handicrafts signed a new validation agreement with the European Patent Office (EPO) yesterday that will see Cambodia become the...

New Cambodian Law To Crack Down On Unscrupulous Businesses

All the chapters of the draft consumer protection law have been completed by the Ministry of Commerce (MoC) and will soon be submitted to the...

Cambodian Customs Revenue Up Despite ASEAN Trade Tax Losses

An increase in Cambodia's annual customs revenues has been reported even though $150 million was lost in tax last year due to the ASEAN Free...

Tax Insight: Amendments That Will Impact Your Business In 2017

The Law of Financial Management 2017 contains a number of amendments to the Law on Taxation set to take effect this month. With the help...

Cambodia’s Minimum Working Age According To The Labour Law

Nineteen percent of the country’s four million children are engaged in some kind of labour to sustain themselves and their families, according to the...

How To Obtain Cambodian Citizenship

Obtaining Cambodian citizenship may not have crossed your mind just yet, but becoming a national of the Kingdom of Wonder does have its advantages....

Cambodia’s New Online Work Permit System Slammed

The Ministry of Labour’s new online work-permit application and issuance system, which was established in September through a public-private partnership with E-Solutions (Cambodia) Co...

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...

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...

Cambodia’s Industrial Relations With CAMFEBA’s Sandra D’Amico

2016 was an important year in Cambodia’s transition to an industrialised economy, with some major pieces of labour legislation coming out after years of...

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...

Work Permits And Employment Cards For Foreigners In Cambodia

Speculation has been ongoing with regards to the enforcement of work permit requirements for foreigners employed in Cambodia. Acknowledging the lack of both clarity...

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...

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...

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...

Prakas No. 904 On Tax Incentive For Education Institutions: Sciaroni &...

The Ministry of Economy and Finance (“MEF”) issued Prakas No. 904 on Tax Incentives for Education Institutions (“Prakas 904”) on 8 August 2016. The...

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,...

More Industries To Benefit From Tax Exemption On Fringe Benefits

The government has extended the fringe benefit tax exemption to several new industries, removing a 20-percent tax that employers were required to pay on...

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...

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...

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...

Online Quota And Work Permit Registration For Foreign Workers, HBS Law

On 17 August 2016, the Ministry of Labor and Vocational Training (MLVT) issued Prakas No. 352 on Using Online Labor Centralized Management System. This...

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...

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...

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...

Notification No. 039 On The GDT Visiting Enterprises To Collect Information,...

The Ministry of Economy and Finance issued Notification No. 039, dated 21 July 2016 on Visiting Enterprises to Collect Enterprises’ Information in Phnom Penh...

Anthony Galliano On Cambodia’s Tax System and Accounting Standards

This week we learned that Cambodia’s businesses are generally performing poorly when it comes to applying international accounting standards. A recent study by the...

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...

MEF Announces Visit To Businesses To Gather Tax Data

Beginning this month, the Ministry of Economy and Finance (MEF) intends to visit all businesses in the capital to collect some basic documentation and...

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...

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...

Bretton Sciaroni Shares Thoughts On Tax Authority’s Current Drive

The B2B team sits down with Bretton Sciaroni, founder and partner at Sciaroni & Associates, to discuss new tax regulations, the government’s current drive...

AEC Awakes

Did we wake up in a different world on January 1, 2016? Indeed, that date marks the beginning of the ASEAN Economic Community (AEC)...

GDT Announces Window For Road Tax Compliance

The General Department of Taxation (GDT) announced this week that it will collect annual road tax payments from July 1 until November 30. All vehicles—except...

NCAC Considers Second Case

The National Commercial Arbitration Centre (NCAC) — the only third-party commercial dispute resolution body in the Kingdom — has recently received its second case. Brought...

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...

Accounting: Getting Everyone On Board

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...

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...

Sciaroni Explains Prakas No. 496 On Tax Registration

The Ministry of Economy and Finance issued Prakas No. 496, dated 6 April 2016 on the Tax Registration (“Prakas 496”). The purpose of Prakas...

Sciaroni & Associates Announces New And Returning Team Members

Sciaroni & Associates recently announced the following additions to their team in Phnom Penh: Svetlena D. TE, Associate Prior to joining the firm, Lena advised clients...

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...

Companies Must Re-register Online By 31 March

The Ministry of Commerce (MoC) recently introduced an automated online business registration system intended to streamline the incorporation process and make it more accessible and transparent....

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...

Resolving Labour Disputes Swiftly, Amicably

To deepen our understanding of labour disputes in Cambodia and the process of resolving them, the B2B team sits down with Men Nimmith, the...

Talking Legal With Bretton Sciaroni

The B2B team sits down with founder and senior partner at Sciaroni & Associates, Bretton Sciaroni. We discuss taxation law, accountancy practice and ASEAN...

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...

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...

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...

Arbitration: Essential Tool For Doing International Transactions

Although it may seem premature and pessimistic to think about dispute resolution when you're entering into a new contract that is actually the very...

Resolution Through Arbitration

Increase in labour disputes is due to the growth of industries and economic development.  The Arbitration Council is a national institution that is responsible...

Faster Set-Up For Business

The tightening up of rules and introduction of new regulations in Cambodian law is helping business to boom across the Kingdom, claim industry insiders. Government...

Asean Ipr Sme Helpdesk Opens Its Doors

The European Chamber of Commerce in Cambodia in partnership with the ASEAN IPR Helpdesk and the European Chamber of Commerce in Indonesia organized a...

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...

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...

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...

Cambodian Tax Factsheet Circular No.1707

Sciaroni & Associates is pleased to offer translation of Prakas 1707 recently issued by the General Department of Taxation. Subject to clarification from taxing...

Getting Tough On Tax

Cambodia's tax system is undergoing a huge overhaul as the country gears up for the launch of the ASEAN Economic Community (AEC 2015), the...

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...

Commercial Arbitration In Cambodia

Cambodia launched the National Arbitration Centre (NAC) on March 4th 2013 and it is hoped that the launch will boost both local and international...

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...
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