Law on Taxation Translated and Prepared by ANANT Law Firm For further inquiries, please consult our key experts. Antoine FONTAINE | Partner Sinat VANN | Head of Tax and Customs
Legal Procedures for Foreign Employment in Cambodia Following a Notification No. 022/24 on Procedures for Legitimate Utilization of Foreign Workforce in the Kingdom of Cambodia dated 12 August 2024, the Ministry of Labor and Vocational Training (“MLVT”) would like to remind owners/directors of enterprises-establishments that having foreign workforce and foreigners in the Kingdom of Cambodia…
Prakas No. 44 on Rules and Guidelines for Reinsurance To ensure the safety and efficiency for controlling and protecting the risk for the reinsurance, the Insurance Regulator of Cambodia (“IRC”) enforces a new regulation, namely “PRAKAS NO. 44 ON RULES AND GUILDELINES FOR REINSURANCE” issued on 12 July 2024, (“PRAKAS No. 44”) that regulates specifically…
PRAKAS No. 084 on Formality, Procedure, and Measures for Alcoholic Drinks Ads Managment Further to Decisions No. 76 and 108 issued respectively on 12 April and 06 June 2024 as well as Prakas No. 041 dated 11 June 2024 on the establishment of Working Group for Alcoholic Drinks Advertisement Management, Ministry of Information recently issued…
Cambodia’s Initial Land Registration Campaign Enhanced Until 2027 On July 15, 2024, the Royal Government of Cambodia (RGC) issued a new sub-decree on new budgetary procedures and implementation measures aimed at optimizing the initial land registration campaign. The objective is to establish a comprehensive national land registry by 2027 through systematic land registration. View the…
Workplace Labor Inspections: Automate Self-Declared Compliance Today Following a Prakas 358/21 on Launching of Self-declared Labor Inspection and Labor Inspections through Automation System (“SICMS”), dated 30 December 2021, issued by the Ministry of Labor and Vocational Training (“MLVT”), owners-directors, please be reminded to have necessary information and documents to be filed into the SICMS (https://sicms.mlvt.gov.kh/)…
Data Protection of Deceased Persons in Cambodia Contributed by TOUCH Rattanak Raingsey, Intern at ANANT Law Firm The current laws related to personal data protection in Cambodia are limited and not comprehensive enough, leaving room for potential exploitation of deceased persons’ data and dignity if there is no proper data retention to protect their privacy….
Rethinking the Impact of the Capital Gain Tax on Your Investment Strategies An important announcement regarding the capital gains tax (CGT) marked a significant development in taxation policy during the 19th Royal Government-Private Sector Forum in 2023. The decision to postpone the CGT until the end of 2024 generated keen interest from both the private…
Key Business Impacts of the New Environment Code The New Environment and Natural Resources Code (ENR Code) is set to come into effect on 29 June 2024. The ENR Code introduces important changes aimed at promoting eco-friendly practices in Cambodia, with efforts to have a balance between economic development and responsible and sustainable management of…
Key Considerations for Lease Transfers Implementing a complex process of lease transfer can be a challenging task. As a tenant, it is important to understand the process and legal requirements for transferring a leasehold interest. With the right knowledge and guidance, you can smoothly transfer your leasehold interest while protecting your rights. In this article,…