Cambodia

September 16, 2021

Cambodia: Covid pandemic ‘an opportunity for hospitality industry to switch over to substantial sustainable practices’

Companies in the Kingdom are encouraged to practise more sustainable operating methods to reduce waste and increase profit. The tourist industry is currently closed because of the pandemic, green consultancy companies, tech companies and the Ministry of Environment are all working together to create a sustainable method for companies to follow. Norman Stankewitz, the founder […]

September 16, 2021

Cambodia: Tax changes are part of efforts to maintain govt revenue, experts say

The government is putting more pressure on Cambodia’s small and medium-sized enterprises (SMEs) to register with the Commerce Ministry and the Tax Department. It wants them to go legitimate in order to protect consumers and make sure it doesn’t miss out on revenue. While it may be hard for companies to wade through the regulations […]

September 16, 2021

Cambodia: ‘A delay for RCEP may be frustrating but long-term benefits more meaningful’

Cambodia’s hopes of being a member of the world’s biggest free trade bloc as early as Jan 1 may be frustrated by some signatories of the Regional Comprehensive Economic Partnership (RCEP) dragging their heels over ratification. RCEP is the result of eight years of talks. It would create a free-trade bloc covering 30 percent of […]

September 16, 2021

Cambodia: VAT rules for non-resident operators in e-commerce

The Ministry of Economy and Finance has issued a prakas introducing new rules and procedures governing value-added tax (VAT) on goods and services provided via e-commerce. The new legislation, dated September 8, primarily targets e-commerce transactions between Cambodian taxpaying consumers and sellers active in Cambodian territory who are non-residents and do not have permanent establishment […]

September 15, 2021

Vietnam to impose zero percent tax on 31 commodities imported from Cambodia

Vietnam will impose a zero percent tax rate on 31 commodities imported from Cambodia such as live poultry, poultry meat and by-products, lemons and rice. The list also includes finished pork products and unprocessed tobacco leaves, among others, according to a decree issued by the Vietnamese Government on September 14. Decree No. 83/2021/ND-CP stipulating special […]

September 15, 2021

Cambodia: Government portal ‘will help solve logistics problems’

The Commerce Ministry’s new e-marketplace could be a big help to small and medium-sized companies (SMEs) that want to tap new foreign markets, according to DHL. The world’s biggest logistics company says the Coronavirus pandemic has presented challenges but also created opportunities for exporters as businesses and consumers focus more on online shopping. DHL Country […]

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