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IMPOSITION OF VAT UNDER STATE CHARGE ON BASIC MEALS FOR DAILY LIVING OF CITIZENS

2016年7月11日付で公布された会計監査に関する法律（NS/RKM/0716/015）、独立監査人による監査済み財務諸表の提出に関する2020年7月10日付プラカス（省令）第563号SHV.BrK、およびカンボジア王国における監査業務の独立性と品質の担保を目的とした会計監査人のライセンス管理に関する2023年4月20日付プラカス第019号A.S.H.BrKに基づき、会計監査規制当局（ACAR）は、以下のガイドラインと手順を全く遵守することを条件に、独立監査人による監査の継続提供または継続委託について、一定の柔軟性を持って扱うこととします。

On 19 November 2025, the Ministry of Economy and Finance (“MEF”) has issued a new Prakas introducing updated procedures and extending tax incentives for enterprises operating in Cambodia’s agricultural sector. This Prakas aims to promote agricultural productivity, enhance competitiveness, and support domestic supply and export activities.

As we embark on another year of growth and evolution, we are proud to present our Transparency Report for 2024. This year 2024 marks a significant milestone for Grant Thornton Cambodia as we proudly have more experience working both banking and non-banking sectors in Cambodia. Over the past 13 years, we have built a strong reputation for excellence, integrity, and innovation. These bring us a testament to our ensuring commitment to delivering high-quality services and fostering trust among our clients, regulators and stakeholders. While we honour our past achievements, we remain focused on the further- continuously evolving to meet the changing needs of the business landscape.

On June 17, 2025, the General Department of Taxation (“GDT”) issued Instruction No. 18574 GDT to clarify concerns about the fulfillment of income tax obligations related to share premiums, which are the amounts received in excess of the par value of shares during capital increases.

On June 20, 2025, the General Department of Taxation (“GDT”) has released a new instruction No. 19116 GDT the tax obligations for members of the Board of Directors and Company Directors working in Cambodia. The guidance clarifies how individuals in such roles are taxed based on their employment status and the nature of their engagement

On 20 May 2025, the Non-Bank Financial Services Authority issued a Prakas to formally launch the digital financial reporting platform and the implementation of Cambodian Reduced Financial Reporting Framework in relation to the use of the digital financial reporting platform. A QR code to get the soft copy of the Cambodian Reduced Financial Reporting Framework is attached to the Prakas

On 22 May 2025, the Accounting and Auditing Regulator (ACAR) issued a Guideline to inform the owners of enterprises and the directors of NGOs about the procedure for the use of the financial reporting platform and the submission of the financial report using the platform.

On 25 December 2024, the Accounting and Auditing Regulator (“ACAR”) issued a notification to remind all enterprises regarding the obligation to submit annual financial statements for the year 2024 to ACAR in line with the Law on Accounting and Auditing 2016 and related regulations. The notification contained the following key points:

As we embark on another year of growth and evolution, we are proud to present our Transparency Report for 2023. Transparency has always been at the heart of our operations at Grant Thornton Cambodia. It is not just a value we uphold but a commitment we live by every day. In today’s rapidly changing business landscape, being transparent to the stakeholders is more crucial than ever as it builds trust between our stakeholders and our firm and supports Client confidence. Hence, this report serves as an important mechanism for us to communicate how we prioritise our audit quality, coupled with strong emphasis on innovation and digitalisation with our stakeholders and regulators

On 09 July 2024, the Accounting and Auditing Regulator (“ACAR”) issued a Notification (Notification number not applicable) regarding the obligation to submit annual audited financial statements for the 2023 financial year which will fall on 20 July 2024, ACAR has decided to provide 30 days delay for the submission of the audited report to support enterprises and non-profit organizations that have not been ready to complete their audited financial statements. The notification contained the following key points:

IFRS 17 heralds a new era of accounting for insurance contracts because it sets out principles-based requirements that aim to improve the comparability of the measurement and presentation of insurance contracts across entities reporting in jurisdictions applying International Financial Reporting Standards (IFRS).

The retail industry is currently in a period of disruption unique in its scale and severity. The global outbreak of COVID-19 has impacted parts of the industry in different ways. While businesses in the grocery sector grapple with supply chain issues, those selling consumer goods and apparel have been challenged by store closures and rapid growth of online sales.

Professional services firms will have no doubt conducted numerous surveys among employees in recent months to gauge wants and expectations post-COVID. For most, the message has been resounding…

Preparers of financial statements are now having to think about how, where and what form they should report COVID-19 in their financial statements. We believe it is important to not only comply with the guidance set out in IFRS, but also ensure the financial statements are an effective part of the wider communication with stakeholders.

Professional services as an industry needs to turn the Software-as-a-Service (SaaS) model on its head in order to overcome the current COVID-driven climate, and to finally veer away from the rigid hourly model that has engulfed the sector for so long.