Minister of MME Champions Sustainable Practices in Issuing Mining Licenses

The Ministry of Mines and Energy has declared its commitment to prioritising environmental conservation principles before issuing mining licenses to private companies. During a recent meeting with stakeholders in the mining sector, HE Keo Rattanak, the Minister of Mines and Energy, emphasised the ministry's stand to strike a delicate balance between conservation efforts and industrial development....

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Deciphering Property Rights: Private vs. State Ownership Explained

In any nation, the right to own and enjoy property is a fundamental cornerstone of society. Understanding the distinction between "Private Property" and "State Property" is pivotal in ensuring the harmony and well-being of a country's citizens. Private Property encompasses both tangible and intangible assets owned by individuals or groups, secured by legally recognized title deeds, and subject ...

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Gov’t Unlocks 639 Hectares of Prime Land in Stung Hav for Private Investment

Cambodia's government has unveiled an ambitious plan to transform 639 hectares of pristine state-owned land in Tumnup Rolok commune, Stung Hav district, Preah Sihanouk province into a hub of commercial and service excellence. This strategic development initiative, outlined in Sub-Decree No. 137 issued on 23 June 2023, marks a significant step towards fostering private investment in the region's bu...

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Gov’t Unveils 15 Land & Construction Policies for Advancing Urban Development

In an effort to bolster urban planning and construction in Cambodia during its seventh mandate, the Ministry of Land Management, Urban Planning, and Construction has introduced 15 pivotal policy priorities. His Excellency Say Sam Al, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction, unveiled these policies during a recent meeting with ministry civil servants ...

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Uncertainty Surrounds Implementation Timeline for 20% Capital Gains Tax in Cambodia

Cambodian Prime Minister, Samdech Hun Manet, has affirmed that the government has yet to establish a definitive timeline for the implementation or adjustment of the capital gains tax in 2024. This revelation, as conveyed by PM Hun Manet on 27 September 2023, has brought some respite for those monitoring this fiscal development. PM Hun Manet further elaborated that in light of the new government...

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Cambodia Prepares Groundbreaking Legislation to Foster Public-Private Ventures

The Ministry of Economy and Finance is actively crafting a new law pertaining to the management of public enterprises and state-owned entities. This legislation encompasses a wide spectrum of business endeavours and public-private investments, marking a pivotal step in Cambodia's economic evolution. The ministry unveiled the initiative during a consultation workshop held on 21 September 2023. H...

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Cambodian Gov’t Extends Property Tax Relief: Fines & Penalties Waived Until End of 2023

In a proactive measure to support property owners facing tax-related challenges, the Ministry of Economy and Finance has taken a decisive step. They have announced the waiver of administrative sanctions, which include additional taxes and interest, on property taxes and unused land taxes. This vital decision applies to all those who have not yet registered or declared their taxes, or for those ...

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Kratie Provincial Authorities Issue Warning Against Unauthorised Land Encroachment

Kratie provincial authorities have issued a stern warning to residents who have encroached upon Tuol Takin security land in Bos Leav commune, Chit Borei district. The warning comes with a deadline of the end of September, after which legal action will be pursued against those in violation, according to an official announcement by the provincial administration dated 21 September 2023. The provin...

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Gov’t Extends Property Tax Payment Deadline to 31 October to Boost Compliance

The General Department of Taxation has announced an extension of the property tax payment deadline for 2023. Originally set for 30 September 2023, property owners will now have until 31 October 2023, to fulfil their tax declarations without incurring administrative penalties for late submission. The official announcement, made on 26 September 2023, reflects the government's commitment to suppor...

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Gov’t Greenlights Fee Increases for Airline Services

The Cambodian government has issued a notification sanctioning the SCA Airport Concession Company to revise airfare and related airline service charges for a five-year period, commencing from 1 September 2023 to 1 September 2028. This pivotal decision aims to enhance the quality of passenger services and aviation facilities provided by the SCA concession firm, which includes services such as la...

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