News

08th - January, 2025

First-Time Home Buyers in Cambodia: New Tax Incentives for 2025
The Ministry of Economy and Finance of Cambodia has issued a tax relief measure (Notification No. 020 dated 31st December 2024) for residential property transfers in 2025. Key Points: 1. Effective Period 1st January 2025 – 31st December 2025 2. Applicable Properties – Gated communities (Borey) – Condominiums 3. Tax Incentives For Properties Purchased Before 2025 (Transfer in 2025): – Full stamp duty exemption for properties valued up to USD 210,000 – For properties over USD 210,000: USD 210,000 deduction from tax base – Second/subsequent properties: USD 70,000 deduction from tax base For Properties Purchased in 2025: – Same benefits apply 4. Eligibility Requirements Property Source: – Must be purchased from registered residential developers – Developer must be registered with ...

27th - December, 2024

Year-End Message 2024
We would like to express our sincere gratitude to all our clients for their continued support throughout 2024. Your trust in our services has been invaluable to us. Please note that our office will be closed from 28th December 2024 to 5th January 2025, for the year-end holidays. We will resume our regular services on 6th January 2025. We wish you a joyous holiday season and look forward to continuing our service in the new year.

14th - December, 2024

Cambodia Introduces New Qualification Requirements for HR and Administration ...
The Ministry of Labour and Vocational Training (MLVT) has issued a new Prakas establishing mandatory qualification requirements for personnel in charge of administration and human resources in enterprises operating in Cambodia as of 2nd December 2024.  This significant development aims to enhance legal compliance and improve industrial relations. Key Requirements Qualification Standards HR and administration managers must hold either: – A professional degree in administration and human resources, or – A diploma in labour law from the National Institute of Labour Continuing Education – Mandatory participation in refresher and certification courses every 3 years – Courses to be organized by the National Institute of Labour Urgent Implementation for Key Industries The Prakas includes specific requirements for companies in: – Textile ...

07th - December, 2024

Understanding Cambodia’s New NSSF Healthcare Benefits Regulation
The Ministry of Labor and Vocational Training has issued a new Prakas detailing the conditions and procedures for healthcare benefits under the National Social Security Fund (NSSF). This regulation clarifies important aspects of medical treatment coverage, eligibility requirements, and service limitations. Key Eligibility Requirements To receive medical treatment and care services, NSSF members must: – Be registered with the healthcare social security scheme – Work in an NSSF-registered enterprise – Have paid contributions for two consecutive months Coverage Duration and Special Provisions – Standard Coverage: Up to 180 days of medical treatment during any 12-month period at health facilities that are partners of NSSF – Grace Period: Two months of coverage after missing contributions – Pregnancy Exception: Continued coverage until ...

06th - November, 2024

New Guidelines on Labor Dispute Re-Conciliation Procedures in Cambodia
The Ministry of Labour and Vocational Training (“MLVT”) has recently issued important new guidelines regarding labor dispute re-conciliation procedures. These guidelines aim to enhance the effectiveness of labor dispute resolution and provide clarity on the re-conciliation process. Key Changes in the Re-Conciliation Process 1. Timeline for Re-Conciliation Requests – Parties have 2 working days after a failed initial conciliation to request re-conciliation – The request must be: – Made jointly by both parties – Submitted in writing – Addressed to the MLVT 2. Ministerial Authority The MLVT has the discretion to: – Appoint a new conciliator – Change the existing conciliator – Oversee the re-conciliation process in accordance with Labor Law procedures 3. Limitations on Further Conciliation – If the ...

20th - September, 2024

New Minimum Wage Announced for Cambodia’s Garment, Footwear and Travel ...
On 20th September 2024, the Ministry of Labor and Vocational Training issued a significant update to the minimum wage regulations for workers in Cambodia’s garment, footwear, and travel goods manufacturing industries. This update comes in the form of Prakas No. 211, which sets forth the new minimum wage standards for the year 2025. Key Points of the New Regulation: 1. Standard Minimum Wage: – For 2025: The minimum wage for regular workers in these sectors has been set at USD 208 per month. – This represents an increase of USD 4 from the 2024 rate of USD 204 per month. 2. Probationary Period Wage: – For 2025: Workers in their probationary period will be entitled to a minimum wage of ...

05th - September, 2024

New ACAR Decision: Stricter Licensing Requirements for Accounting and Auditin...
The Accounting and Auditing Regulator (ACAR) of Cambodia has recently issued a new decision that significantly impacts the licensing process for accounting and auditing professionals. This column summarizes the key points of the decree and its implications for individuals and firms in the industry. Key Provisions of the Decree 1. Scope: The decree applies to both individuals and legal entities applying for or renewing accounting and auditing profession licenses. 2. Proper and Appropriate Criteria: Applicants must meet specific criteria outlined in the decree’s annex. These criteria aim to evaluate financial integrity, past penalties, and adherence to professional ethics. 3. Extended Application: For legal entities, the criteria apply not only to the entity itself but also to its employees, audit partners, ...

04th - September, 2024

Celebrating Our Newest Lawyer: Ms. Rachana Samsak
We are thrilled to announce that Ms. Rachana Samsak has officially been registered as a lawyer. This marks a significant milestone in her legal career and adds to the strength and diversity of our legal team at JBL Mekong. A Journey of Dedication Rachana joined our firm in September 2016 as junior consultant. Throughout her time with us, she has demonstrated exceptional legal acumen, unwavering dedication to our clients, and a strong commitment to justice. Her registration as a lawyer is a testament to her hard work and the high standards of consulting service we uphold at JBL Mekong. Expanding Our Expertise With her registration, Rachana will be focusing on corporate law, intellectual property and real estate law. Her fresh ...

02nd - September, 2024

Cambodia’s 2025 Public Holiday Calendar for Civil Servants and Workers/...
On 24th August 2024, the Royal Government of Cambodia issued Royal Decree No. 204 on holiday calendar for civil servants and workers/employees for 2025. This decree outlines the following public holidays for the year 2025: January 1st: International New Year’s Day 7th: Victory over Genocide Regime Day March 8th: International Women’s Day April 14th, 15th and 16th: Khmer New Year May 1st: International Labor Day 11th: Visak Bochea (Buddha’s Birthday) 14th: King Norodom Sihamoni’s Birthday 15th: Royal Plowing Ceremony June 18th: Queen Mother Monineath’s Birthday September 21st, 22nd and 23rd: Pchum Ben Festival 24th: Constitution Day October 15th: Commemoration Day of King Father Norodom Sihanouk 29th: King Norodom Sihamoni’s Coronation Day November 4th, 5th and 6th: Water Festival 9th: Independence ...

28th - August, 2024

Regulations on Procedure for Overseas Worker Dispatch
On 19th August 2024, the Ministry of Labor and Vocational Training issued Notification No. 24 on Sending and Processing Documents of Cambodian Workers to Work Abroad. This client alert outlines key aspects of the new regulations. Key Points 1. Required Documentation The notification stipulates that for legal migration and employment abroad, Cambodian workers must possess: – Employment placement service contract – Employment contract – Overseas Cambodian Worker Card (OCWC) – Passport or Cambodian Travel Document for working overseas (TD) – Employment visa – Work permit card 2. Dispatch Process to Japan The notification outlines the dispatch process for several countries, including Japan. The process for deployment to Japan includes: – Employment placement registration (1 day) – Interview and employment placement ...