Breaking News

18
Aug
2017
Cambodia Client Alert: Now it’s a hat trick of DTAs!
On 27 July 2017 representatives of the governments of Brunei and Cambodia signed Cambodia’s third Double Taxation Agreement (“DTA”). Brunei and Cambodia have good diplomatic relations, and Brunei is a significant customer for Cambodian rice exports. Perhaps this DTA will encourage additional trade and investments between the two Kingdoms. What does this DTA mean for […]
7
Aug
2017
Briefing Note: Labor Compliance
PYT & Associates, a member of VDB Loi, has hosted a seminar briefing to update participants on how new labor compliance rules are impacting the private sector in Cambodia and to create awareness on how, more than ever before, businesses in Cambodia should refocus their efforts to understand current labor rules and think ahead. Future […]
19
Jul
2017
Cambodia Tax Alert: Exemption from Minimum Tax
The2017 Financial Law, has revised Article 24 of the Law on Taxation (“LOT”) to the following: “Minimum tax is determined to be equal to 1% of annual turnover inclusive of all taxes except value added tax. The minimum tax payable for any taxable year may be reduced by the annual tax on income that is […]
12
Jun
2017
Cambodia Legal Update: MOC extends deadline for online re-registration to 31 December 2017
On 31 May 2017, the Ministry of Commerce (“MOC”) issued notice No. 2729 (“Notice 2729”), extending the deadline for existing entities to complete their online re-registration. Under Notice 2729, the deadline has been extended to 31 December 2017. This extension applies to any existing company, enterprise, branch of a foreign company, representative office, subsidiary, or […]
22
May
2017
Cambodia Client Alert: Conversion of Retained Earnings to Capital
In Cambodia, there has always been a question regarding the tax treatment and implications of the conversion of retained earnings to capital. There has been inconsistent interpretation and handling of this tax issue, both between taxpayers and tax officers, and among the tax officers themselves, due to unclear tax provisions. Taxpayers are of the view that the […]

Legal Updates

7
Aug
2017
Briefing Note: Labor Compliance
PYT & Associates, a member of VDB Loi, has hosted a seminar briefing to update participants on how new labor compliance rules are impacting the private sector in Cambodia and to create awareness on how, more than ever before, businesses in Cambodia should refocus their efforts to understand current labor rules and think ahead. Future […]
12
Jun
2017
Cambodia Legal Update: MOC extends deadline for online re-registration to 31 December 2017
On 31 May 2017, the Ministry of Commerce (“MOC”) issued notice No. 2729 (“Notice 2729”), extending the deadline for existing entities to complete their online re-registration. Under Notice 2729, the deadline has been extended to 31 December 2017. This extension applies to any existing company, enterprise, branch of a foreign company, representative office, subsidiary, or […]
18
Jan
2017
Legal Update: Cambodia – Due date for filing the 2015 Annual Declaration of Commercial Enterprise
This is an update to the information we sent previously regarding the Ministry of Commerce’s (“MOC”) Annual Declaration of Commercial Enterprise (“ADCE”) filing requirements. Once the MOC introduced its online system in January 2016, it stopped accepting ADCE filings; consequently, many companies never filed their ADCE for 2015. We now understand that the MOC is […]
3
Jan
2017
Legal update Cambodia: The Ministry of Commerce begins processing liquidations of corporate entities through its online system
2016 was the year of e-government, spurred by efforts to reform the government administration. Vast changes have been seen, in particular with the Ministry of Commerce’s (“MOC”) launch of its new online registration system. Corporate entities1 must now process their corporate registrations, registrations of changes in and filings of corporate information, and corporate liquidations through […]
30
Dec
2016
Legal Update Cambodia: Annual Declaration of Commercial Enterprise filing
According to the Law on Commercial Enterprises 2005 and its relevant regulations, registered corporate entities must file their Annual Declaration of Commercial Enterprises (“ADCE”) at the Ministry of Commerce (“MOC”) at every fiscal year-end. Although the MOC introduced its online registration system in January 2016, we have recently received verbal confirmation that the MOC will […]
More Legal Updates

Tax Updates

18
Aug
2017
Cambodia Client Alert: Now it’s a hat trick of DTAs!
On 27 July 2017 representatives of the governments of Brunei and Cambodia signed Cambodia’s third Double Taxation Agreement (“DTA”). Brunei and Cambodia have good diplomatic relations, and Brunei is a significant customer for Cambodian rice exports. Perhaps this DTA will encourage additional trade and investments between the two Kingdoms. What does this DTA mean for […]
19
Jul
2017
Cambodia Tax Alert: Exemption from Minimum Tax
The2017 Financial Law, has revised Article 24 of the Law on Taxation (“LOT”) to the following: “Minimum tax is determined to be equal to 1% of annual turnover inclusive of all taxes except value added tax. The minimum tax payable for any taxable year may be reduced by the annual tax on income that is […]
22
May
2017
Cambodia Client Alert: Conversion of Retained Earnings to Capital
In Cambodia, there has always been a question regarding the tax treatment and implications of the conversion of retained earnings to capital. There has been inconsistent interpretation and handling of this tax issue, both between taxpayers and tax officers, and among the tax officers themselves, due to unclear tax provisions. Taxpayers are of the view that the […]
6
Apr
2017
VDB Loi Cambodia Client Alert: Extension of filing deadlines and good news for schools!
On 31 March 2017 (the last date for the filing of annual tax returns for those with a 31 December year-end) the General Department of Taxation (“GDT”) made the dramatic last minute announcement  that the deadline was being extended. The extended deadline for filing the 2016 Tax on Profit (“TOP”) return is now 30 April […]
23
Jan
2017
Cambodia Client Alert: Waiver of penalties on amended tax returns
On 19 January 2017 the GDT issued Notification Letter No. 1219 regarding the Waiver of Penalties for the Voluntary Amendment of Tax Returns. Many of you will be aware that in recent times it has been very difficult to obtain a reduction in penalties following a reassessment, as part of the penalties collected are distributed […]
More Tax Updates
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