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...
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...
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...
Cambodian Tax Rates 2020
The Cambodian Ministry of Economy and Finance has revised the tax rates for all business owners and employees in Cambodia in 2020.
According to a...
FPCS to be enforced from July 2020
Foreigners must register on the FPCS (Foreigners Present in Cambodia System) app with failure to do so resulting in visas not being extended after...
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...
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...
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,...
Buying property in Cambodia
We look at what you need to know to buy a property in Cambodia, whether as a Cambodian citizen or as a foreign national...
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...
Cambodia Craft Brewery Industry
The craft beer industry is growing rapidly, especially in SEA, and the number of local Cambodian craft brewers has grown exponentially in a short...
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...
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...
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...
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...
How to apply for Cambodian Family & Residence books, ID cards
The process for Cambodians and foreign nationals who hold Cambodian citizenship to renew and/or apply for Family and Residence books, as well as Cambodian...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 and is the national stock exchange of Cambodia.
Who has listed...
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...
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...
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...
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 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...
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...
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...
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...
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...
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...
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...
Medical Check-ups for Employees in Cambodia
All employees in Cambodia are meant to undergo medical health checkups. While foreign workers are required to do so annually to renew their work...
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...
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...
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...
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...
Cambodia to update Immigration Laws in 2021?
A Cambodian ministry working group is currently drafting a new law on immigration to manage foreigners in the SEA country. New Cambodian Immigration Laws...
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...
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)...
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...
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....
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...
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...
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...
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...
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...
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...
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...
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...
Cambodia’s Digital Economic Plans
Between 2020-2021, the Cambodian Government has launched a number of digital economic initiatives, online platforms and its official digital plan for the Kingdoms' economic...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
Cambodia tax alert: Interest rate rules on related party loans
On 10 October 2017, The Kingdom of Cambodia’s Ministry of Economy and Finance issued Prakas No. 986, a transfer pricing regulations that provides guidelines...
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...
NCAC reviewing Cambodian arbitration rules
The National Commercial Arbitration Centre (NCAC) is currently reviewing the Cambodian arbitration rules which have been in place since 2014, local media reported this...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Restrictions on business travellers to Cambodia set to ease
The Cambodian Royal Government has announced the loosening of travel restrictions to Cambodia under COVID-19, which makes it easier for business visa holders to...
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...
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...
Cambodian Law on the Management of Integrated Resorts and Commercial Gambling...
The Cambodian government has implemented the new Law on the Management of Integrated Resorts and Commercial Gambling (LMCG) this past week, confirmed Deputy Director...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Is Cambodian International Tourism Likely to Re-open in 2021?
As Q4 2021 approaches, there has been increasing speculation in the Cambodian media and online that international inbound tourism to Cambodia may re-open before...
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...
Tax Collection Up 17.5 Percent
The General Department of Taxation collected $1.69 billion in tax revenue during the first nine months of the year, an increase of more than...
GDT Asks Citizens To Report Corruption
The General Department of Taxation (GDT) on Monday encouraged citizens and firms to file complaints against officials who demand additional money when collecting tax...
