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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.

On 2 December 2025, The General Department of Taxation (“GDT”) has issued Instruction No. 37705 on the Procedures for Tax Declaration of Transactions Incurred and Recorded in Accounting Prior to Payment.

On 2 December 2025, The General Department of Taxation (“GDT”) has issued Instruction No. 37706 on the Procedures for Tax Declaration of Transactions Incurred and Recorded in Accounting Prior to Payment in the Online Business Tax Filing System (e-Filing).

Entities should begin preparing for IFRS 18 ‘Presentation and Disclosure in Financial Statements’ sooner rather than later. Changes from IAS 1 ‘Presentation of Financial Statements’ could have a significant impact on the financial statements.

On 18 July 2025, the Ministry of Economy and Finance (“MEF”) issued Prakas 496 MEF.PRK on Capital Gains Tax (“CGT”). This marks a significant expansion of the tax net-gains from property, shares, and financial assets are now squarely within the tax authority’s reach from their respective effective dates.

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.

The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. The member firms of Grant Thornton International Ltd (GTIL) have extensive expertise in the application of IFRS. GTIL, through its IFRS Team, develops general guidance that supports its member firms’ commitment to high quality, consistent application of IFRS and is therefore pleased to share these insights.

Between 2023 and 2026, a wide range of new and amended International Financial Reporting Standards (IFRS) are being issued, significantly impacting how businesses measure, recognize, and disclose financial information. The IFRS 2025 publication provides: A comprehensive summary of all new standards and amendments effective from 2023 to 2027 Detailed guidance and economic impact assessment for each change A color-coded effective date system for easy reference and implementation planning

“In the corporate world, it is now almost completely inexcusable to have leadership teams [exclusive of women], and if a pitch team [without women] turns up for a presentation, they risk being turned away at the door. Organizations just aren’t comfortable doing business with companies that have a board or management [lacking representation].”

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: