Legal Updates for July 2017

NBC: New Provisions on Management of Payment Service Provider

On 14 June 2017, the National Bank of Cambodia issued Prakas on Management of Payment Service Provider to manage and set out legal procedures on licensing application for legal entities that provide payment services in Cambodia.

Temporary Suspension of the Implementation of VAT on Non-Taxable Supplies on Primary Financial Services

The General Department of Taxation has temporarily suspended the implementation of value-added tax on "primary financial services".

MOI Warns Local Associations and NGOs on Compliance with Law

On 4 July 2017, the Ministry of Interior issued Notice on the Fulfillment of Obligations of Local Associations and Non-Governmental Organizations to ensure the participation of the local associations and non-governmental organizations in implementing and focusing on their obligations prescribed by the Law on the Associations and Non-Governmental Organizations.