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,…
Seniority Payments Following Cambodian Labor Law (“Labor Law”) and applicable regulations, employers shall provide employees under unfixed duration contract (“UDC”) with seniority payments, which consist of current seniority payments from 2019 (“Current Seniority”) and back seniority payments prior to 2019 (“Back Seniority”). Employees who started working before 1 January 2019 are entitled to Back Seniority….
Tax Incentives for MSMEs in Cambodia’s Informal Economy The General Department of Taxation (GDT) in Cambodia is implementing tax incentives for micro, small, and medium enterprises (MSMEs) operating in the informal economy, aligned with the National Strategy for Informal Economic Development 2023-2028. These incentives are designed to promote voluntary tax registration and compliance with government…
PRAKAS No. 095 on Dishonest Advertisement and Sale Promotion In addition to Law on Consumer Protection promulgated in 2019, issuances of Sub-Decree No. 232 and Prakas No. 249 in late 2022 under which advertisement of products and services is regulated, the Ministry of Commerce, on 12 April 2024, issued Prakas No. 095 comprising of 17…
Build-to-Suit Leases: Key Insights for Landowners and Developers As a landowner or property developer, engaging in a build-to-suit (BTS) lease agreement can be a strategic plan to attract high-quality tenants. It is crucial to understand the legal and contractual complexities involved in this type of leasing arrangement to protect your interests and ensure a successful…