According to a previous notice of the Ministry of Commerce (“MOC”) dated 22 December 2017, all corporate entities were required to complete their online re-registration with the MOC by 31 December 2018.
Recently, the MOC issued another notice, No. 0384, dated 30 January 2019, regarding further extension of the online re-registration deadline to 31 December 2019 to give companies more time to comply with this requirement.
As the MOC continues to move towards stricter enforcement, we urge all entities that have not yet processed their online re-registration to take advantage of this deadline extension.
In order to complete re-registration, existing entities must submit their 2015, 2016, 2017, and 2018 annual declarations of commercial enterprise (“ADCEs”) together with certain other required documents and upload them to the MOC online system. Note that there is a fine of KHR2 million (approximately US$500) for each ADCE filed late, in addition to a filing fee of US$20 per ADCE.
If you have any questions regarding this update, or would like us to assist with your company’s online re-registration, please contact me (firstname.lastname@example.org) or Mr. Alex Larkin (email@example.com).
VDB Loi is a network of leading law and tax advisory firms with offices in Cambodia, Indonesia, Laos, Myanmar and Vietnam. We provide the highest quality solutions for transactions and taxation. Our general areas of practice are corporate, finance, licensing and disputes. Our principal specialized areas of practice are energy, infrastructure, real estate and construction, telecom, and taxation.
You can find more information on our Cambodia office here.
Leung Seng | Senior Associate
PYT & Associates, member of VDB Loi
+855 10 333 530
+855 23 964 430~434
+855 23 964 154
No. 33, Street 294 (corner of Street 29)
Sangkat Tonle Bassac, Khan Chamkarmorn
Phnom Penh 12301
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