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Cambodia Issues Eighth Round of Economic Relief Measures for Private Sector
Cambodia issued its latest economic relief measures, comprising of financial aid for suspended workers and the suspension of tax obligations.
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Cambodia’s Foreign Employee Quota Application: Deadline Extended to May
Businesses in Cambodia have until May 31, 2021 to submit their annual foreign employee quota applications for 2021.
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Taxpayer Classification in Cambodia: New Criteria from January 2021
The Cambodian tax authorities have issued a new taxpayer classification regime that will impact several business sectors.
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Cambodia’s 2021 Minimum Wage: Increased for Textile and Garment Sectors
As of January 1, 2021, Cambodia’s monthly minimum wage rate for regular workers is US$192, an increase from US$190 in 2020.
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Cambodia Issues Latest Round of Incentives for Businesses
Cambodia has issued incentives on December 23, 2020, ranging from tax holidays to financial aid for businesses impacted by the pandemic.
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Audit and Compliance in Cambodia: A Guide for Foreign Investors
Resident taxpayers are subject to tax on their worldwide income while non-resident taxpayers are taxed on their Cambodia-sourced income only.
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Cambodia Launches Digital Currency: Key Features
The National Bank of Cambodia launched its first digital currency, named Bakong, which was co-developed by Japanese fintech firm SORAMITSU.
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New RCEP Free Trade Agreement Rules of Origin to Boost Finishing of Products Investment into Cambodia, Laos & Myanmar
The RCEP will help boost foreign investment into ASEAN’s lower-wage countries.
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The China-Cambodia FTA to Become Cambodia’s First Bilateral Free Trade Agreement
China and Cambodia signed a free trade agreement (FTA) between the two countries on October 5, 2020.
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Cambodia Extends Incentives to Support Private Sector and Economy
Cambodia’s government issued its sixth round of incentives on September 30, 2020, to support the economy and the private sector.
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