Tax Revenue Up 18 Percent
The Department of Taxation (GDT) collected $829 million in tax revenue during the first half of 2016, an increase of 18 percent over the same period last year, according to government data relea...
Jul, 14 2016
Gov't Issues Prakas On Fines For Violations Of Labour Law
The Ministry of Economics and Finance issued Prakas No. 659 on Monetary Fines for Violations of the Labour Law, dated June 6, 2016. The Prakas sets out the fines that apply to em...
Jul, 11 2016
Bretton Sciaroni Shares Thoughts On Tax Authority's Current Drive
The B2B team sits down with Bretton Sciaroni, founder and partner at Sciaroni & Associates, to discuss new tax regulations, the government’s current drive for automatisation, and the controversial...
Jul, 06 2016
AEC Awakes
Did we wake up in a different world on January 1, 2016? Indeed, that date marks the beginning of the ASEAN Economic Community (AEC) officially launched on December 31, 2015. Nearly a decade in t...
Jun, 28 2016
GDT Announces Window For Road Tax Compliance
The General Department of Taxation (GDT) announced this week that it will collect annual road tax payments from July 1 until November 30. All vehicles—except motorbikes, ambulances, militar...
Jun, 24 2016
NCAC Considers Second Case
NCAC staffThe National Commercial Arbitration Centre (NCAC) — the only third-party commercial dispute resolution body in the Kingdom — has recently received its second case. Brought up to t...
Jun, 23 2016
Resolving Business Disputes In The Kingdom
Cambodia’s National Commercial Arbitration Centre was launched in March 2013 as a way to resolve commercial conflicts outside of the Kingdom’s court system. The NCAC builds on Cambodia’s 2006 la...
Jun, 06 2016
Accounting in Cambodia
The country’s basic requirements for accounting, financial reporting and auditing were set out in 2002 with the Law of Commercial Enterprises and the Law on Corporate Accounts, their Audit and t...
Jun, 01 2016
Revamping The Tax System In The Kingdom
Tax regulations in Cambodia are increasing in number and gaining in complexity, while also being enforced more rigorously. Steadily, the tax collecting system in the Kingdom is transforming from...
May, 09 2016
Sciaroni Explains Prakas No. 496 On Tax Registration
The Ministry of Economy and Finance issued Prakas No. 496, dated 6 April 2016 on the Tax Registration (“Prakas 496”). The purpose of Prakas 496 is to determine rules and procedures for tax regis...
May, 05 2016
Sciaroni & Associates Announces New And Returning Team Members
Sciaroni & Associates recently announced the following additions to their team in Phnom Penh: Svetlena D. TE, Associate Prior to joining the firm, Lena advised clients on corporate and commer...
Apr, 22 2016
The National Commercial Arbitration Center
Due to Cambodia’s growing economy, more and more companies are registering in the Kingdom every year. As with any increase in commercial transactions there is increasing potential for dispute -...
Apr, 19 2016