New Investment Law Implementation Unveiled: Government Enhances Tax Incentives for Qualifying Projects

• 28 June 2023
• Local News
• 1536 Views

The Government of Cambodia has recently introduced a significant sub-decree pertaining to the implementation of the Investment Law of the Kingdom of Cambodia. Referred to as Sub-Decree No. 139, this new legislation, dated June 26, 2023, encompasses 7 chapters and 28 articles. Its provisions apply to investment projects that have been duly registered and acknowledged by the Council for the Development of Cambodia or the Capital and Provincial Investment Sub-Committee.

The Investment Law of the Kingdom of Cambodia, which was initially promulgated in October 2021, serves as a key instrument in attracting and enhancing the investment climate within the country.  (Read more)

However, the latest sub-decree brings further favorable measures into play, particularly in terms of tax incentives. Eligible projects and companies can now avail themselves of these incentives, thereby creating an even more conducive environment for investment and economic growth. (Read more)

This progressive development underscores the government’s commitment to nurturing a thriving investment landscape and propelling Cambodia’s economic prosperity. By proactively implementing and refining investment laws, the government aims to position Cambodia as an attractive and competitive destination for local and international investors alike.

As the new sub-decree takes effect, it is poised to unleash a wave of opportunities for investors seeking to capitalize on Cambodia’s potential. The enhanced tax incentives will undoubtedly serve as a catalyst for further investment, fueling economic growth and contributing to the nation’s development journey.

• Laws and Regulation