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 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...
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...
