Breaking News

4
Oct
2018
Cambodia Client Alert: New Prakas on Principal-Agent transactions, of particular interest to the FMCG industry
      NEW PRAKAS ON PRINCIPAL-AGENT TRANSACTIONS, OF PARTICULAR INTEREST TO THE FMCG INDUSTRY   On 27 June 2018, the Ministry of Economy and Finance issued Prakas 597 entitled “Recognition and some Tax Obligations of Agents Supplying Goods or Services on behalf of a Principal Enterprise”, the stated objective of which is to establish the rules […]
1
Oct
2018
Cambodia Legal Update: Mandatory changes for 2019 – Seniority payments and twice monthly pay for employees
      MANDATORY CHANGES FOR 2019 – SENIORITY PAYMENTS AND TWICE MONTHLY PAY FOR EMPLOYEES Seniority payment On 11 July 2018, the Labor Law was amended by Royal Decree (“Labor Law Amendment”), particularly Articles 89, 90, 91, 94, 110, 120, and 122. One notable amendment is the elimination of the “indemnity for dismissal”, which […]
27
Sep
2018
Cambodia Client Alert: Interesting developments for the garment, footwear, and bags industry…..and some challenges!
          INTERESTING DEVELOPMENTS FOR THE GARMENT, FOOTWEAR, AND BAGS INDUSTRY…..AND SOME CHALLENGES!   On 3 August 2018 the Ministry of Economy and Finance issued Prakas 741, entitled “Rules and Procedures for the Implementation of Tax on Income and Other Taxes Related to the Cut, Make and Trim Activities of Qualified Investment Projects”. […]
12
Sep
2018
Cambodia Legal Update: Deadline for 2019 quota and work permit applications
          DEADLINE FOR 2019 QUOTA AND WORK PERMIT APPLICATIONS   On 20 August 2018, the Ministry of Labor and Vocational Training (“MLVT”) issued notice No. 028 K.B./S.Ch.N (“Notice 028”) regarding approval requests for employing foreign employees (“Quota Approval”) and renewing work permits for 2019. According to Notice 028, employers or managers […]
24
Aug
2018
Cambodia Client Alert: Interest-free loans
      INTEREST-FREE LOANS   In an earlier client alert your attention was drawn to the likely impact of Prakas 986 (the transfer pricing regulations) on the continued applicability of the General Department of Taxation’s (the “GDT’s”) Instruction 151 which, since 2014, has permitted loans from related parties to be interest-free, if the related […]

Legal Updates

1
Oct
2018
Cambodia Legal Update: Mandatory changes for 2019 – Seniority payments and twice monthly pay for employees
      MANDATORY CHANGES FOR 2019 – SENIORITY PAYMENTS AND TWICE MONTHLY PAY FOR EMPLOYEES Seniority payment On 11 July 2018, the Labor Law was amended by Royal Decree (“Labor Law Amendment”), particularly Articles 89, 90, 91, 94, 110, 120, and 122. One notable amendment is the elimination of the “indemnity for dismissal”, which […]
12
Sep
2018
Cambodia Legal Update: Deadline for 2019 quota and work permit applications
          DEADLINE FOR 2019 QUOTA AND WORK PERMIT APPLICATIONS   On 20 August 2018, the Ministry of Labor and Vocational Training (“MLVT”) issued notice No. 028 K.B./S.Ch.N (“Notice 028”) regarding approval requests for employing foreign employees (“Quota Approval”) and renewing work permits for 2019. According to Notice 028, employers or managers […]
31
May
2018
Cambodia Legal Update: New Solar Park Project Receives Approval from the Council of Ministers
      NEW SOLAR PARK PROJECT RECEIVES APPROVAL FROM THE COUNCIL OF MINISTERS   The Council of Ministers of Cambodia has recently approved the long-awaited project for the construction of a 60MW solar power plant. This is the first part of a 100MW project to be financed by the Asian Development Bank (“ADB”), which, […]
31
May
2018
Cambodia Legal Update: Developments in Commercial Arbitration in Cambodia
            DEVELOPMENTS IN COMMERCIAL ARBITRATION IN CAMBODIA   Cambodia’s regulatory framework in the area of alternative dispute resolution has developed considerably. In the last few years, Cambodia has seen the first foreign arbitral award successfully enforced by the Cambodian courts and has also seen the first completion of domestic commercial […]
27
Apr
2018
Power Sector Update – April 2018
With Cambodia’s rapid economic growth and development, the country’s demand for reliable electricity supply continues to increase. This growth, combined with Cambodia’s liberal approach to foreign direct investment, provides significant opportunities for foreign investment in electricity production, transmission and distribution. This power sector update provides an overview of this sector and a discussion of the […]
More Legal Updates

Tax Updates

4
Oct
2018
Cambodia Client Alert: New Prakas on Principal-Agent transactions, of particular interest to the FMCG industry
      NEW PRAKAS ON PRINCIPAL-AGENT TRANSACTIONS, OF PARTICULAR INTEREST TO THE FMCG INDUSTRY   On 27 June 2018, the Ministry of Economy and Finance issued Prakas 597 entitled “Recognition and some Tax Obligations of Agents Supplying Goods or Services on behalf of a Principal Enterprise”, the stated objective of which is to establish the rules […]
27
Sep
2018
Cambodia Client Alert: Interesting developments for the garment, footwear, and bags industry…..and some challenges!
          INTERESTING DEVELOPMENTS FOR THE GARMENT, FOOTWEAR, AND BAGS INDUSTRY…..AND SOME CHALLENGES!   On 3 August 2018 the Ministry of Economy and Finance issued Prakas 741, entitled “Rules and Procedures for the Implementation of Tax on Income and Other Taxes Related to the Cut, Make and Trim Activities of Qualified Investment Projects”. […]
24
Aug
2018
Cambodia Client Alert: Interest-free loans
      INTEREST-FREE LOANS   In an earlier client alert your attention was drawn to the likely impact of Prakas 986 (the transfer pricing regulations) on the continued applicability of the General Department of Taxation’s (the “GDT’s”) Instruction 151 which, since 2014, has permitted loans from related parties to be interest-free, if the related […]
22
Jun
2018
Cambodia Tax Alert: Transfer Pricing – Important New Developments!
      TRANSFER PRICING: IMPORTANT NEW DEVELOPMENTS!   VDB Loi have recently had the opportunity to meet senior members of the GDT’s Transfer Pricing team to discuss and clarify certain issues that are not clearly addressed in the new Transfer Pricing (“TP”) regulations. These issues, and the GDT’s current thinking on them, are as […]
24
Jan
2018
Cambodia Tax Alert: DTAs with Singapore and Thailand now in effect
      DTAS WITH SINGAPORE AND THAILAND NOW IN EFFECT   Last week the General Department of Taxation (“GDT”) issued a press release to confirm that the Double Taxation Agreements (“DTAs”) signed in 2016 and 2017 between Cambodia and Singapore, and Cambodia and Thailand, respectively, became effective 1 January 2018, following the issuance of […]
More Tax Updates
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