The Ministry of Labour and Vocational Training and the National Social Security Fund have achieved another milestone in the development of the Social Security Scheme in Cambodia. In addition to the Employment Injury Scheme that has been in operation for several years, the Health Care Scheme has kicked off this May 2016. In order to improve the implementation of the said scheme and future related schemes, the Ministry of Labour and Vocational Training issued Notification No. 127 dated 2 May 2016, calling for the re-registration of employees with incorrect information with the National Social Security Fund.
On 20 May 2016, the Government of the Republic of Singapore and the Royal Government of Cambodia signed a bilateral agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. This is the first bilateral agreement that Cambodia has entered into to move towards the ASEAN Economic Community since its launch in December 2015. This Update looks at the key aspects of this bilateral agreement.