The implementation of Capital Gains Tax has been delayed for another two years to reduce the pandemic’s impact on the real estate market as the government sets a range of stimulus programs for economic recovery. The Ministry of Economy and Finance stated in an announcement dated March 9 that the ministry has submitted a request […]
Read MoreCambodia has exported footwear products to China under the Regional Comprehensive Economic Partnership Agreement, which took effect on January 1 this year. Kith Meng, President of the Cambodia Chamber of Commerce and Chairman of the Asean Business Advisory Council, mentioned the development during a meeting held virtually on Thursday with Satvinder Singh, Deputy Secretary-General for […]
Read MoreThe government has decided to postpone the implementation of the capital gains tax until 2024 in a bid to restore and prop up post-pandemic economic growth, according to a notice from the Ministry of Economy and Finance’s General Department of Taxation (GDT). The decision came after the ministry submitted a postponement request to Prime Minister […]
Read MoreCambodia’s strategic plan on garment, footwear and travel goods development 2021-2024 will attract more investment and contribute to sustainable development in the sector, Ith Samheng, minister for labour and vocational training, told Okhna Kong Sang, president of Garment Manufacturers Association in Cambodia (GMAC) in Phnom Penh. The plan also includes measures and strategic framework in […]
Read MoreTHE younger generation of Cambodia is now starting to have a sense of pride in their national currency, the riel. It is evident through frequent visits from students and youngsters to the Sosoro Museum. Sosoro Museum Co-Director Blaise Kilian told Khmer Times that the museum recently saw young people, including students from schools and colleges, pouring in […]
Read MoreCambodia remains on the grey list of nations under increased monitoring by the Financial Action Task Force (FATF), a Paris-based global watchdog, for deficiencies in their efforts to counter money laundering, terrorist financing, and proliferation financing. FATF expressed significant concern that Cambodia failed to complete its action plan, which fully expired in January 2021. It […]
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