Breaking News

26
Jul
2019
Client Alert: GDT tightens the definition of zero-rated VAT export services
CLIENT ALERT: GDT TIGHTENS THE DEFINITION OF ZERO-RATED VAT EXPORT SERVICES When applying Value Added Tax (“VAT”), a key consideration is the place of delivery of the goods or services, which is often determined by reference to the place of consumption. If goods are consumed outside of the territory, then they are considered to be […]
19
Jul
2019
Cambodia Legal Update: Seniority Payments – New Regulations Bring Some Things into Clearer Focus
CAMBODIA LEGAL UPDATE: SENIORITY PAYMENTS – NEW REGULATIONS BRING SOME THINGS INTO CLEARER FOCUS As you may be aware, the Ministry of Labor and Vocational Training (“MLVT”) has issued several regulations since its introduction of an employee seniority payment for those with unlimited duration contracts (“UDCs”) (which replaced the indemnity for dismissal previously stipulated in […]
15
Jul
2019
Client Alert: Double Taxation Agreement with Hong Kong
      CLIENT ALERT: DOUBLE TAXATION AGREEMENT WITH HONG KONG   In June 2019, the Royal Government of Cambodia announced that a double taxation agreement (“DTA”) was signed with the Government of Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”), bringing the number of DTAs signed by Cambodia to […]
7
May
2019
Client Alert: Tax treatment of seniority payments clarified and VAT exemption on recruiting and training fees
      CLIENT ALERT: TAX TREATMENT OF SENIORITY PAYMENTS CLARIFIED AND VAT EXEMPTION ON RECRUITING AND TRAINING FEES   On 11 April 2019, the Ministry of Economy and Finance issued Circular 003 to confirm the tax treatment of seniority payments introduced by a 2018 amendment to the Labor Law and the issuance of Prakas […]
30
Apr
2019
Special Client Alert: Tax Saving Opportunities
      SPECIAL CLIENT ALERT: TAX SAVING OPPORTUNITIES   The Royal Government of Cambodia has been working hard to stimulate investment and economic growth. The General Department of Taxation (“GDT”) is playing an important role in this process and many new tax regulations and procedural changes have been introduced to improve transparency and eliminate […]

Legal Updates

19
Jul
2019
Cambodia Legal Update: Seniority Payments – New Regulations Bring Some Things into Clearer Focus
CAMBODIA LEGAL UPDATE: SENIORITY PAYMENTS – NEW REGULATIONS BRING SOME THINGS INTO CLEARER FOCUS As you may be aware, the Ministry of Labor and Vocational Training (“MLVT”) has issued several regulations since its introduction of an employee seniority payment for those with unlimited duration contracts (“UDCs”) (which replaced the indemnity for dismissal previously stipulated in […]
29
Mar
2019
Cambodia Legal Update: Deadline for foreigner work permit renewals extended to 30 April 2019
CAMBODIA LEGAL UPDATE: DEADLINE FOR FOREIGNER WORK PERMIT RENEWALS EXTENDED TO 30 APRIL 2019 As you may be aware, according to the applicable regulations, foreign employees are required to renew their 2019 work permits and employment cards (“Work Permit”) with the Ministry of Labor and Vocational Training (“MLVT”) by 31 March 2019. Through its ministerial […]
27
Mar
2019
Cambodia Legal Update: Implementation of retroactive seniority payments postponed to 2021
        CAMBODIA LEGAL UPDATE: IMPLEMENTATION OF RETROACTIVE SENIORITY PAYMENTS POSTPONED TO 2021   With the 2018 amendment of the Labor Law and Prakas No. 443 of the Ministry of Labor and Vocational Training (“MLVT”), which introduced seniority payments for all existing unlimited duration contracts (for more details, please see our prior Cambodia […]
19
Mar
2019
Cambodia Legal Alert: Deadline fast approaching for work permit renewals
CAMBODIA LEGAL ALERT: DEADLINE FAST APPROACHING FOR WORK PERMIT RENEWALS As you may be aware, according to the applicable regulations, employers of foreign employees are required to ensure that they obtain a work permit and employment card (“Work Permit”), and that such Work Permit is renewed with the Ministry of Labor and Vocational Training (“MLVT”) […]
15
Feb
2019
Cambodia Announces Tender for 100MW Solar Plant
CAMBODIA ANNOUNCES TENDER FOR 100MW SOLAR PLANT Electricite du Cambodge (“EDC”) has finally issued the long-awaited tender for the development of a 60MW solar power plant to be connected to the national grid, which is Phase 1 of a planned 100MW solar power park. On 13 February 2019, EDC issued an invitation for bids for […]
More Legal Updates

Tax Updates

26
Jul
2019
Client Alert: GDT tightens the definition of zero-rated VAT export services
CLIENT ALERT: GDT TIGHTENS THE DEFINITION OF ZERO-RATED VAT EXPORT SERVICES When applying Value Added Tax (“VAT”), a key consideration is the place of delivery of the goods or services, which is often determined by reference to the place of consumption. If goods are consumed outside of the territory, then they are considered to be […]
15
Jul
2019
Client Alert: Double Taxation Agreement with Hong Kong
      CLIENT ALERT: DOUBLE TAXATION AGREEMENT WITH HONG KONG   In June 2019, the Royal Government of Cambodia announced that a double taxation agreement (“DTA”) was signed with the Government of Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”), bringing the number of DTAs signed by Cambodia to […]
7
May
2019
Client Alert: Tax treatment of seniority payments clarified and VAT exemption on recruiting and training fees
      CLIENT ALERT: TAX TREATMENT OF SENIORITY PAYMENTS CLARIFIED AND VAT EXEMPTION ON RECRUITING AND TRAINING FEES   On 11 April 2019, the Ministry of Economy and Finance issued Circular 003 to confirm the tax treatment of seniority payments introduced by a 2018 amendment to the Labor Law and the issuance of Prakas […]
30
Apr
2019
Special Client Alert: Tax Saving Opportunities
      SPECIAL CLIENT ALERT: TAX SAVING OPPORTUNITIES   The Royal Government of Cambodia has been working hard to stimulate investment and economic growth. The General Department of Taxation (“GDT”) is playing an important role in this process and many new tax regulations and procedural changes have been introduced to improve transparency and eliminate […]
22
Apr
2019
Client Alert: Important Update on Withholding Tax on Dividends
      CLIENT ALERT: IMPORTANT UPDATE ON WITHHOLDING TAX ON DIVIDENDS   On 5 April 2019, the Ministry of Economy and Finance issued Prakas 372 to introduce new rules on dividend withholding tax (“WHT”). This Prakas replaces Prakas 518, which was issued on 5 May 2017, and expands the definition of what is considered […]
More Tax Updates
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