Legal Updates for November 2017

Register for National Social Security Fund

On 10 November 2017, the Ministry of Labour and Vocational Training issued Prakas No. 448 to amend the registration requirements with the National Social Security Fund for employers with respect to their employees.

Implementation of Reduced Withholding Tax on Interest for Loans from Abroad for MFIs

The Ministry of Economy and Finance issued on 27 October 2017 a Prakas to reduce charges on interest expense for loans that micro-finance institutions borrow from overseas lenders.

National Assembly: Draft Law on Trade Remedies Adopted

On 12 October 2017, the National Assembly of Cambodia adopted the Draft Law on Trade Remedies which aims to shield domestic producers from the impact of dumped products.