News

21st - September, 2022

Prakas on Decision of Minimum Wage for Workers in Garment and Textile etc. In...
The Ministry of Labour and Vocational Training issued the Prakas on Determination of Minimum Wage for Workers/ Employees in the Textile, Garment, Footwear, Travel Goods and Bag Industry for 2023 No. 247 on 21st September 2022. The Prakas states that the minimum monthly wage for workers and employees in such industries is as follows: – Regular worker/ employee: USD 200 – Worker/ employee under probation: USD 198

15th - September, 2022

Notification on Deadline for Notice of Use of English Language in Computerize...
The Accounting and Auditing Regulator (ACAR) issued the Notification No. 057 on Deadline for Submission of Notice of Use of English Language in Computerized Accounting System and/or Other Related Computerized Systems to the Accounting and Auditing Regulator on 21st July 2022. The Notification states that the enterprises which uses English language in the accounting system shall submit a notice to ACAR by the following deadline: (i) The enterprises which were registered before the date of the notification: By 31st December 2022 (ii) The enterprises which were registered after the date of the notification: Within 180 days of the date of registration with the GDT Enterprises failing to submit such a notice by the above mentioned deadline will be subject to ...

24th - August, 2022

Notification on Attachments while Driving
The Ministry of Public Works and Transportation issued the Notification No. 055 on Attachments while Driving on Sunday on 5th August 2022. The Notification states that drivers of vehicles traveling on road must bring their own attachments, including: 1. Driver’s License (original) 2. Vehicle ID Card (a copy can be used, in case there is no QR Code on the card, it is necessary to confirm from the competent institution before it can be used officially) 3. Vehicle Technical Inspection Certificate (a copy can be used) 4. For commercial vehicles for transporting goods or passengers, license for those activity (a copy can be used)

24th - August, 2022

Sub-Decree on Holiday Calendar for Civil Servants, Workers/Employees for 2023
Sub-Decree No. 166 on Holiday Calendar for Civil Servants, Workers/Employees for 2023 dated 12th August 2022 was enforced. According to the Sub-Decree, public holidays for the year 2023 are set to be as follows: January 1st:　International New Year Day 7th:　Victory Day over Genocide March 8th:　International Women’s Day April 14th, 15th and 16th:　Khmer New Year Days May 1st:　International Labor Day 4th:　Visak Bochea 8th:　Royal Plowing Ceremony 14th:　King Norodom Sihamoni’s Birthday June 18th:　Queen Monineath’s Birthday September 24th:　Constitutional Day October 13th, 14th and 15th:　Pchum Ben Festival 15th:　Respect of the spirit of the Late King Father 29th:　Coronation Day of King Sihamoni November 9th:　National Independence Day 26th, 27th and 28th:　Water Festival Ceremony

18th - August, 2022

Prakas on Cooling-off Period
The Ministry of Commerce issued Prakas No. 0113 on Cooling-off Period which sets out the legal framework that enables consumers to unilaterally withdraw from a contract for the sale of goods or supply of services during the cooling-off period. This Prakas will commence to apply from 12th October 2022. In accordance with this Prakas, consumers will have the right to cancel certain transactions during the cooling-off period. On the other hand, business persons are obligated to provide information to consumers and are subject to fines for violations.

08th - July, 2022

Prakas on Commencement Date of Payment of Contribution of Social Security Sch...
Following the Joint Prakas on the Implementation of the Social Security Pension System for Persons under the Provisions of the Labour Law, dated 28th June 28 2022, the Ministry of Labour issued the Prakas on Commencement Date of Payment of Contribution of Social Security Scheme on Pension under Compulsory Contribution and Voluntary Contribution, dated 5th July 2022. The Prakas states that the payment of contribution of pension scheme will commence on 1st October 2022.

30th - June, 2022

Prakas on Implementation of Pension Scheme
The Ministry of Economy and Finance and the Ministry of Labour and Vocational Training issued the Joint Prakas on the Implementation of the Social Security Pension System for Persons under the Provisions of the Labour Law, dated 28th June 2022. The Prakas states that from 1st July 2022 the pension system is scheduled to implement in accordance with the Sub-Decree on the Social Security Pension System for Persons under the Provisions of the Labour Law. According to the Sub-Decree, the pension premium is equivalent to 4% of wages, of which 2% each is to be paid by employer and employee.

03rd - June, 2022

Notification on Exchange Rate for Self-Assessment Taxpayer Regime
The General Department of Taxation issued the Notification No. 10362 on Exchange Rate for Self-Assessment Taxpayer Regime on 17th May 2022. The notification provides guidelines for the use of exchange rates issued by the GDT as follows and also states that the GDT will issue notifications on exchange rate on its website from June 2022 onward. 1. Daily official exchange rate Taxpayers shall use the official exchange rate issued daily by the GDT for KHR currency for the price of the invoice. If the GDT doesn’t issue its official exchange rate on a certain day, taxpayers shall use the latest exchange rate issued by the GDT as of the day. 2. Official exchange rate for ToS Taxpayers shall use the ...

02nd - June, 2022

Notification on Labour Inspection Self-Declaration via Automation System
The Ministry of Labour and Vocational Training issued the Notification on Labour Inspection Self-Declaration via Automation System No. 022 on 27th May 2022. According to the notification, all enterprises/factories are required to declare 31 items on working environment and conditions through the online system twice a year at the end of June and December, starting on 1st June 2022. And violations of any of these items will result in the immediate imposition of fines in accordance with labor laws and regulations. In addition, the notification states that a failure to self-report as stipulated in the notification will result in fines or penalties. Of the 31 items mentioned above, the main items are as follows: – Registration and posting of internal ...

26th - May, 2022

Notification about 4th and 6th June 2022
The Ministry of Labour and Vocational Training issued the Notification No. 019 on 24th May 2022. This notification states that to make it easy for employees to join the commune council elections which will be held on 5th June 2022, all employer must allow employees to have one day off before the election day and one day after the election day by maintaining their wages and benefits. In addition, the notification states “employers must try to pay salary to employees before the election day. If it’s unable to pay by then, please make a loan for a portion of the salary to employees.”