Cambodia has issued incentives on December 23, 2020, ranging from tax holidays to financial aid for businesses impacted by the pandemic.
Resident taxpayers are subject to tax on their worldwide income while non-resident taxpayers are taxed on their Cambodia-sourced income only.
Businesses in Cambodia have until January 31, 2021 to submit their annual foreign employee quota applications for 2021.
The National Bank of Cambodia launched its first digital currency, named Bakong, which was co-developed by Japanese fintech firm SORAMITSU.
The RCEP will help boost foreign investment into ASEAN’s lower-wage countries.
China and Cambodia signed a free trade agreement (FTA) between the two countries on October 5, 2020.
Cambodia’s government issued its sixth round of incentives on September 30, 2020, to support the economy and the private sector.
Cambodia’s government issued its fifth stimulus package as the country continues to battle the economic impact caused by the COVID-19 pandemic.
Cambodia’s Minister of Finance and Economy issued a new regulation that sets out the criteria for certain businesses to be independently audited.
Cambodia’s government has issued a variety of new measures to assist businesses impacted by the coronavirus outbreak.