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…
Implementation of Khmer New Year Days in 2024 On 8 April 2024, the Ministry of Labor and Vocational Training (“MLVT”) issued a Notification No. 009.24 on Implementation of Khmer New Year Days in 2024 (“Notification”). According to the Notification, the MLVT has notified owners-directors of enterprises-establishments to allow all workers-employees to take paid leaves during Khmer New…
Sophealeak ING, Founder & Managing Partner of ANANT Law Firm, Interviewed by EuroCham Cambodia On Wednesday, April 5th, our Founder and Managing Partner, Mr. Sophealeak Ing, featured in an insightful interview with EuroCham Cambodia. He shared his vision, approach to client relationships, and perspectives on Cambodia’s business environment. Read the full article on EuroCham’s website….
Benefits After Employment Termination On 21 March 2024, the Ministry of Labor and Vocational Training issued an Instruction on Benefits Received after Termination of Employment Contract (“Notification”). According to the Notification, if there is termination of Fixed Duration Contract (“FDC”), workers-employees are entitled to (1) last wage, (2) payment in lieu of remaining annual leave, (3) severance…
VANN Sinat Of Counsel [email protected] +855 (0) 95 555 815 /sinat-vann Sinat has over a decade of experience in all aspects of taxation. This includes advising on complex domestic and international business operations, as well as tax issues resulting from mergers and acquisitions, corporate restructurings, and reorganizations. He acts for domestic, regional, and multinational organizations…
SOUS Sinoun Of Counsel [email protected] +855 (0)92 273 742 /sous-sinoun Sinoun advises both local and international clients in relation to labor-related matters and labor disputes. As a Of Counsel in the Labor & Employment practice group, she has many years of experience in all labor and employment matters, including general legal opinions, compliance, employment…
YIN Socheat Of Counsel [email protected] +855 (0) 95 555 814 /socheat-yin Socheat focuses on the energy sector and on retail, consumer goods, distribution and franchise. She has advised and assisted clients from a market entry advice to implementation, i.e. project development of both renewable and non-renewable source of energy. Among other things, her key experiences…