The COVID pandemic is intensifying the Kingdom’s push towards becoming a cashless society as consumers increasingly opt to conduct digital payments instead of physical transactions. In response to that push, Visa recently announced the launch of contactless payments at Total stations and Bayon Market locations across Cambodia. The company stressed that the partnerships come as […]
Read MoreCambodia is undergoing property tax reform but says it is administrative with a focus on improving the registration and valuation of properties while strengthening enforcement and compliance. The government has previously stated it will not be adding new taxes or increasing tax rates but an app to simplify collection is soon to be launched. To […]
Read MoreAccording to a study by London-based economic think tank, The New Economics Foundation (NEF), buying produce at a local farmers market or community supported agriculture programme, versus from a supermarket, leads to around double the money spent remaining in the community. “That means those purchases are twice as efficient in terms of keeping the local […]
Read MoreThe Better Factories Cambodia (BFC) framework has expanded to include more manufacturing sectors. “BFC currently covers all exporting garment factories. Now the government has decided to expand the coverage to include travel goods and bag factories,” Ken Loo, secretary-general for the Garment Manufacturers Association of Cambodia (GMAC), said, calling the development “a clear indication of […]
Read MoreVisa, the world’s leader in digital payments, announced the launch of contactless payments at Total stations and Bayon Market locations across Cambodia, said the company’s press release, stressing that the partnerships come as the adoption of contactless payments accelerates in the country amid the new hygiene best practices brought by Covid-19. According toVisa, Cambodia’s rapidly […]
Read MoreAll taxpayers in the self-assessment tax bracket have been instructed to submit their annual income tax via electronic filing (ToI E-Filing) from next month on, according to an announcement by the General Department of Taxation (GDT). The instruction for ToI E-Filing letter number 3140, was signed by Kong Vibol, minister attached to prime minister, who […]
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