EAC Mandates Self-Declaration for Solar Installers to Ensure National Electricity Balance

The Electricity Authority of Cambodia (EAC) has issued a notice requiring all consumers who have installed and used solar systems on their roofs without permission to submit a declaration regarding the use of their solar system. This directive is based on letter No. 085. PK.24, dated 5 July 2024, and aims to maintain a balance in electricity consumption across the country. According to the noti...

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Gov’t Waives Fines for Housing Developments for One Year

The Cambodian Real Estate and Mortgage Regulator has announced a one-year waiver of fines for Borey and condominium projects, starting from 1 July 2024. This decision follows the guidance of Prime Minister Hun Manet and the outcomes of the 19th Royal Government of Cambodia-Private Sector Forum held on 13 November 2023. This announcement was officially released on 1 July 2024. Despite the fine w...

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PM Introduces New Law Boosting Gas Safety in High-rise Buildings

PM Hun Manet has introduced a new law to regulate gas usage in high-rise buildings, aiming to enhance public safety. This announcement was made during the groundbreaking ceremony for the construction of twin flyovers at the intersection of Samdech Techo Hun Sen Blvd. and National Road No. 2, at the border of Phnom Penh and Kandal Province, on 17 June 2024. The PM emphasised the increasing relia...

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Cambodia Introduces Tax Incentives to Integrate Informal Enterprises into Formal Economy

The Cambodian government has announced new tax incentives aimed at formalising the informal economy, targeting micro, small, and medium enterprises (MSMEs) in specific sectors. According to Sub-Decree No. 113, dated 21 May 2024, these incentives apply to businesses in wholesale, retail, and repair; accommodation and food services; craft; and agricultural communities, encouraging them to voluntaril...

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PM Announces No More Casino Licenses in Central Kampot & Kep, With Few Exceptions, Except…

Samdech PM Hun Manet declared that no additional casino licenses will be issued for the central areas of Kampot and Kep, with few exceptions, on 6 June 2024, during the inauguration of the first phase of the Kampot Multi-Purpose Port Development Project. (Read more) The PM emphasised that, "From now on, we will not issue a license to open a casino in Kampot. If you want to invest, you have to g...

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MEF Introduces Income Tax Incentives for Expanding Investment Projects

The Ministry of Economy and Finance (MEF) has issued new guidelines to provide income tax incentives for the expansion of qualified investment projects (EQIP), as outlined in Prakas No. 313 MEF.PrK.PD dated 10 May 2024. This move aims to stimulate economic growth by encouraging investment in various sectors. According to the Prakas, the incentive period for income tax exemption applies to: ...

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Real Estate Regulator Warns of Legal Action Against Two Companies Evading Fines

The Real Estate Business & Pawnshop Regulator has issued a stern warning to two real estate companies, threatening legal action if they continue to evade fines for operating without a license. The regulator announced on 28 May 2024 that Chuan Yuan L (Cambodia) Development Co., Ltd., responsible for the Jovan City project in Sangkat Bak Kheng, Khan Chroy Changva, Phnom Penh, and Anata Residence...

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Gov’t Accelerates Resolution of US$737m in 14 Stalled Projects in Sihanoukville

The Cambodian government is expediting the resolution of 14 stalled projects in Sihanoukville, collectively valued at approximately US$737 million. This initiative aims to boost investment through incentives, concessions, mediation, and dispute resolution efforts. This information was disclosed in a meeting chaired by HE Hean Sahip, Secretary of State of the Ministry of Economy and Finance and Cha...

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Cambodia Prepares Strategic Budget Plan 2025 to Weather Global Economic Headwinds

The Cambodian government is taking proactive measures to safeguard its economic stability in the face of a challenging global economic climate. On 13 May 2024, Circular No. 06. US was issued, outlining the development of a strategic budget plan for 2025-2027, alongside a draft law on financial management specifically for 2025. This initiative underscores the government's commitment to enhancing ex...

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Gov’t Implements Measures to Enhance Sub-National Expenditure Efficiency by 2024

In a bid to streamline fiscal management at the sub-national level, the Cambodian Ministry of Economy and Finance (MEF) issued a pivotal circular on May 7, 2024. The directive mandates prudent budgetary practices across all sub-national administrations, emphasising the need to curb unnecessary local development initiatives. Under the circular's provisions, capital-provincial administrations are...

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