Breaking News

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 […]
12
Apr
2019
Client Alert: Tax Audit – Important Update!
      CLIENT ALERT: TAX AUDIT – IMPORTANT UPDATE!   On 13 March 2019, the Ministry of Economy and Finance (“MEF”) issued Prakas 270 on Tax Audits (“Prakas 270”), which attempts to streamline the tax audit process, as part of the government’s large-scale economic reforms, to improve transparency in tax payments and collections, and […]
3
Apr
2019
Client Alert – Update on Interest-Free Loans
      CLIENT ALERT: UPDATE ON INTEREST-FREE LOANS   In a recent Client Alert, we advised that the General Department of Taxation (“GDT”) had verbally indicated that interest-free loans between related parties would again be permitted after having been “banned” following the issuance of the transfer pricing regulations (Prakas 986). On 18 March 2019 […]

Legal Updates

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 […]
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 […]
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 […]
31
Jan
2019
Cambodia Legal Update: Online re-registration filing deadline extended again to 31 December 2019
      CAMBODIA LEGAL UPDATE: ONLINE RE-REGISTRATION FILING DEADLINE EXTENDED AGAIN TO 31 DECEMBER 2019   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, […]
More Legal Updates

Tax Updates

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 […]
12
Apr
2019
Client Alert: Tax Audit – Important Update!
      CLIENT ALERT: TAX AUDIT – IMPORTANT UPDATE!   On 13 March 2019, the Ministry of Economy and Finance (“MEF”) issued Prakas 270 on Tax Audits (“Prakas 270”), which attempts to streamline the tax audit process, as part of the government’s large-scale economic reforms, to improve transparency in tax payments and collections, and […]
3
Apr
2019
Client Alert – Update on Interest-Free Loans
      CLIENT ALERT: UPDATE ON INTEREST-FREE LOANS   In a recent Client Alert, we advised that the General Department of Taxation (“GDT”) had verbally indicated that interest-free loans between related parties would again be permitted after having been “banned” following the issuance of the transfer pricing regulations (Prakas 986). On 18 March 2019 […]
More Tax Updates
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