The Ministry of Economy and Finance has issued a Prakas on the Guideline for Implementing Regulations on Tax for Mining Operation to ensure the effectiveness on the management of tax collection in mining sector. Source: Ministry of Economy and Finance, April 27, 2020
Ministry of Economy and Finance
Sub-decree on Transitional Penalty on Offenses Against Law on Accounting and Auditing
The Royal Government of Cambodia has issued a Sub-decree on Transitional Penalty on Offenses Against Law on Accounting and Auditing. Source: Royal Government of Cambodia, Ministry of Economy and Finance, June 1, 2020
Sub-decree on the Online Business Registration
The Royal Government of Cambodia has issued a sub-decree on the Online Business Registration aiming to facilitate and ease business registration through online platform that will improve business environment and attract investments in Cambodia. For additional information, please visit this website: https://www.registrationservices.gov.kh Source: Royal Government of Cambodia, June 10, 2020
Results of the Working Group D on Law, Tax, and Governance Meeting
The Ministry of Economy and Finance has released the results of the Working Group D on Law, Tax, and Governance Meeting. Source: Ministry of Economy and Finance
Draft Law on Government Securities and Draft Development Strategy for the Garment, Footwear and Bag Sectors in Cambodia
The Ministry of Economy and Finance has issued a release on the Draft Law on Government Securities and the Draft Development Strategy for the Garment, Footwear and Bag Sectors in Cambodia (2020-2025). Source: Ministry of Economy and Finance
Updates on Law and Regulation related to Taxation
The General Department of Taxation of the Ministry of Economy and Finance has issued a notification on the updates of law and regulation related to taxation. The updates include: Tax on profit Withholding tax Tax on salary Value-added tax Tax exemptions for sectors which are impacted by COVID-19 Source: General Department of Taxation, Ministry of […]
Prakas on Capital Gains Tax
The Ministry of Economy and Finance has issued a Prakas on Capital Gains Tax. Source: Ministry of Economy and Finance
E-Governance
The Ministry of Economy and Finance has said that the government is committed to making e-governance a priority during the Covid-19 outbreak to ensure services remain timely and available. Source: Khmer Times, April 3, 2020
SME Bank
The Cambodian government has allocated $100 million to establish the SME Bank to support small businesses in Cambodia. SME Bank will focus on several sectors, including manufacturing, tourism, food processing, and tech startups. According to Ministry of Industry and Handicrafts, Cambodia has about 520,000 SMEs; however, about 150,000 of them are registered manufacturers. While micro-enterprises […]
Agreement on Double Taxation with South Korea
Cambodia has signed agreement with South Korea on an agreement to avoid double taxation on income and prevent tax evasion, and that it will attract more investors from Korea to Cambodia. To date, Cambodia has signed similar agreements with nearly ten countries, including U.S., Canada, China, Japan, Singapore, and Vietnam. Within the first 10 months […]