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...
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...
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...
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...
New Guidelines for Cambodian Gambling Businesses
The General Secretariat of the Commercial Gambling Management Commission of Cambodia (CGMC) issued new guidelines for gambling businesses operating in Cambodia on October 20th...
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...
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...
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...
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...
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...
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...
Developments In Cambodia’s Trust Sector: Exploring The Opportunities And Challenges
The American Chamber of Commerce (AmCham) in Cambodia recently organised an event on Cambodia’s evolving trust sector at the Hyatt Regency Phnom Penh, featuring...
Increasing Crypto Interest In Cambodia As BitKub looks To Enter the...
Bitkub, a Bangkok-based cryptocurrency platform, is looking to expand into Southeast Asia markets and Cambodia is on their radar.
Bitkub backed by Capital Group Holdings...
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...
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...
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,...
Andersen Global Enters Cambodian Market
International legal and tax professional firm Andersen Global has partnered with VDB Loi to enter the Cambodian and Southeast Asian markets.
The international association of...
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...
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...
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...
Cambodian Tax Amnesty 2024 Deadline Extended
The Deputy Prime Minister and Minister of the Economy and Finance, Dr. Aun Pornmoniroth, signed Prakas No. 071 MEF.P.GDT on Incentives for the Voluntary...
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...
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...
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...
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...
Cambodia Ends ‘Roll-Over Sunday’ Public Holidays
The Minister of Labour and Vocational Training has confirmed that public holidays that fall on a Sunday, will no longer be carried over to...
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...
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...
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...
WeBill 365 Launched In Cambodia
South Korean Webcash Global has launched its specialised e-billing solution called WeBill 365 in Cambodia and it is integrated with KHQR.
CEO of Webcash Global...
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...
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...
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...
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 Pre-Notification Thresholds for Business Mergers
The Cambodia Competition Commission (CCC) issued a Decision on Pre-Notification Thresholds for Business Combinations (mergers) in March 2023. This sets out the thresholds for...
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...
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...
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 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...
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...
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...
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...
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...
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...
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....
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...
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...
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...
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...
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...
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...
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...
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...
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...
CAMGSM PLC. (Cellcard) Completes Initial Public Offering (IPO) – Over $5...
CAMGSM PLC. (“Cellcard”) confirmed the completion of the IPO to its successful investors who participated - with 9,271,206 shares being subscribed to and generating...
$100 Million Cambodian Sovereign Bonds Planned To Be Released In 2024
According to a Financial Management Law (FML) 2024, which was endorsed by King Norodom Sihamoni in December 2023, the Cambodian government will be able...
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,...
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...
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 Finalises Draft Law On Commercial Court Establishment
The Ministry of Justice has completed the draft law to officially establish a Commercial Court aimed at resolving commercial disputes in Cambodia.
According to a...
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,...
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....
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...
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...
Insights from the Trust Regulator of Cambodia 2023 – What You...
In May 2023, the Malaysian Business Chamber of Cambodia (MBCC) and the Trust Regulator of Cambodia hosted an event addressing the key issues and...
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...
Cambodia Public Holidays 2024
The Royal Cambodian Government released a sub-decree in August 2023 to officially announce the Cambodian public holidays in 2024. There will be 23 public...
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...
MoT waives 2021 Tourism license renewal fees
The Ministry of Tourism (MoT) announced it will waive fines for late renewals and will not charge for the renewal of 2021 tourism-related business...
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...
CBC celebrates the 10th Anniversary of Credit Reporting in the Kingdom
Credit Bureau (Cambodia) Co., Ltd. (CBC) celebrated a decade of establishment of the credit reporting system in the Kingdom at Sofitel Phnom Penh in...
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...
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 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...
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...
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...
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...
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)...
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...
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 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...
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...
Cambodia adds VAT to E-Commerce Transactions
The Cambodian government has announced that with the introduction of Sub-decree No. 65 S.E on the Implementation of Valued Added Tax on E-Commerce (“Sub-decree...
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...
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...
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...
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...
Digital Economy Forum II 2023: Perspectives From Thailand, Laos, and Mongolia
At the Digital Economy Forum II held in Siem Reap, industry experts from other Asian nations shared their insights on digital economy opportunities in...
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...
Non-resident e-Commerce Providers VAT 2021 Deadline
In accordance with the Cambodian General Department of Taxation (GDT) changes to VAT, non-resident e-commerce providers supplying digital products or services or any e-commerce...
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...
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...
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...
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 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...
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....
Exploring RGX: An In-Depth Look At Cambodia’s First Licensed Digital Asset...
The financial landscape of Cambodia enters a new era with the launch of Royal Group Exchange (RGX), the nation's first licensed digital asset exchange....
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...
Q&A: New Sub-Decree on Investment Law 2021
On June 26, 2023, the Royal Government of Cambodia adopted Sub-Decree 139 to implement the country's Law on Investment, which was passed on October...
