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Instruction on work permits for a foreign employer

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

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.

The preparation of financial statements in accordance with IFRS Accounting Standards is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (‘IASB’) with the potential to significantly impact the presentation of a complete set of financial statements, and 2025 is no different.