Clint O’Connell, Partner of VDB Loi, comments in Phnom Penh Post on SMEs tax registration and the risk of not being registered. For the full article, click here.

Clint O’Connell, Partner of VDB Loi, was interviewed by RadioOne Cambodia on 22 August 2015 regarding taxes in Cambodia and GDT gearing up for tax audit. For the full interview, click here.

Clint O’Connell, Tax Partner of VDB Loi in Cambodia, comments on the recently issued Notification No. 3435 citing that the GDT will publish the names of the enterprises and their owners that don’t settle their tax liabilities by 30 June 2015.

Ms. Jean Loi, Managing Partner of VDB Loi, was interviewed by Cambodia Business Partners for their 2nd issue, which was published in March 2015. She discusses the firm’s operations in the markets of Indochina.

Uncertainty over the law, inexperienced judges and a total lack of precedent have made bankruptcy in Cambodia a decidedly worrisome proposition Two years ago yesterday, on January 9, 2013, telecommunications operator MFone filed for insolvency in the Phnom Penh courts. The failure of the company, which had run up too much debt and could no […]

Workers in Cambodia will pay less income tax from January as the governrnent raises it’s lowest tax threshold from 500,000 riel ($125) to 800,000 riel {$200). Previously, the lowest monthly income tax bracket, which was taxed at 5 per cent, started at $125 and went to $312.50. Following an announcement from the General Department of […]

Low-wage workers will be able to earn up to $200 a month before their salary is taxed at the minimum 5 percent rate, raising the tax free threshold by about $75 from the current $125, acrording to a notice released yesterday by the general department of taxation.

TAX service firms are seeing an increase in business as the General Department of Taxation (GDT) continues to push individuals and enterprises to register for online payments. Clint O’Connell, said the government’s push has undoubtedly led to increased demand for

VDB Loi, a leading Myanmar law and advisory firm with offices in Yangon and Nay Pyi Taw, has assisted a foreign non-bank financial institution with a financing transaction involving a number of aircraft for use in several countries including Myanmar. The names of the lender and the borrower are not disclosed at this time. The […]

A raft of changes to the country’s registration system are intended to improve accountability In an effort to centralise tax registrations and improve taxpayer accountability, the Ministry of Economy and Finance (MoEF) this month passed a raft of changes to the country’s tax registration regulations. Prakas 1139, issued by the MoEF on October 9, states […]

Commerce Minister Sun Chanthol closed the two-day International Business Chamber conference in Phnom Penh yesterday with an impassioned speech imploring the international business community to invest in the country’s rapidly growing economy.

VDB Loi Partner Clint O’Connell comments on the General Department of Taxation (GDT)’s incentive program that awards employees of the GDT a share of the penalties incurred by firms found to have unpaid tax accounts. Director General of the GDT, Kong Vibol confirmed yesterday that the GDT introduced the incentive program at the beginning of this year. The scheme grants government auditors 10 per cent of the […]

A lack of payment for property tax has led the General Department of Taxation to issue a warning this week to property owners, reminding them that penalties will apply to those who miss this year’s payment deadline.

Cambodia is making arrangements to sign an agreement with the U.S. to implement the Foreign Account Tax Compliance Act, ministers told Bloomberg BNA. Meanwhile, banks have begun preparing for FATCA in anticipation of such an agreement, as other businesses raise concerns over reporting requirements. FATCA, which took partial effect July 1,is aimed at preventing tax […]

Cambodia’s business community welcomed the news yesterday that the country’s longest-ever parliamentary deadlock had come to an end – a resolution investors say will help ease fears of political instability. VDB Loi’s Cambodia tax partner, Mr. Clint O’Connell, comments on this can be read as followed.

The last six months have been somewhat challenging for those Cambodian manufacturers that produce goods that are subject to Specific Tax, with the General Department of Taxation (GDT) issuing several new regulations and instructions. Partner Clint O’Connell outlines in this article the changes to Specific Tax and an outlook on the future of indirect taxes […]

The list recognizes the top  250 lawyers among Lawyer Monthly’s international legal guides who have demonstrated exceptional professional achievement in their practice area in 2013. To read more please click here.

Tax payers are now able to pay their dues at Acleda Bank as the government seeks to outsource its tax revenue collection to the private sector, the head of Cambodia’s largest bank said yesterday.

We invite you to read Clint O’Connell’s (VDB Loi Cambodia) article in the March edition of Acquisition International.