2019 05 September

SMEs Compliance Pack and Tax Incentives | 5 September 2019 | Phnom Penh

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DFDL Cambodia Hosts SMEs Compliance Pack and Tax Incentives Seminar

Last week, DFDL Cambodia organized a morning seminar for small and medium enterprises (“SMEs”) to discuss compliance issues and tax incentives in Cambodia.

Sokheng Say (DFDL Cambodia Partner and Head of the Regional Accounting and Advisory Practice) opened proceedings by introducing the speakers and various topics: incentives, regulations and opportunities on offer to SMEs doing business in Cambodia.

      

Lem Chansamrach (Cambodian Investors Corporation Plc. Managing Director) began his presentation by discussing Cambodia’s opportunities for SMEs: the rapid development of the financial sector and an ever-increasing ‘banked’ and savvy populace, increasing monthly consumption, technological advancements, robust tourism growth, and greater development of the business community in Cambodia.

        

Sophorne Kheang (DFDL Cambodia Corporate & Commercial Practice Senior Consultant) outlined the key legal regulations that SMEs need to be compliant with and the critical business licenses that they must secure.

Borapyn Py (DFDL Cambodia Tax Country Director) laid out the tax and customs incentives available to SMEs. He then discussed the simplified accounting format for small taxpayers and important tax updates especially for VAT, transfer pricing and audits.

Following this, an overview on labor issues and recent developments in this space was provided by Chesda Teng (DFDL Cambodia Corporate & Commercial Practice Senior Consultant) which included: the key governing authorities and their filing requirements, minimum wage rules, seniority payments and foreign employee obligations.

     

The event concluded with a lively and engaging panel discussion and interactive Q&A session. The 140+ participants learned a great deal about the prospects for SME activities in Cambodia and gave very favorable feedback on this event.


DFDL, in association with the Cambodian Investors Corporation Plc. (“CiC”), cordially invite you to our upcoming seminar in Phnom Penh “SMEs Compliance Pack and Tax Incentives” on 5 September 2019 at the Raffles Hotel Phnom Penh. At this exciting event, our assembled experts will each shed light and expand upon various aspects of the incentives, regulations and opportunities on offer to small and medium enterprises (“SMEs”) seeking to do business in Cambodia. Under discussion will be the ways in which SMEs can apply for incentives, the types available to them, important licensing and compliance steps that they need to follow, labour and employment issues, along with sectors of the Cambodian economy abounding with opportunities for SMEs to participate in.
 
Among others, key topics that will be featured in this seminar include:

  • Cambodian SME opportunities
  • SME compliance regulations, permits and licensing for SMEs in Cambodia
  • Labour overview and recent developments for SMEs
  • Cambodian tax and customs incentives available to SMEs

We look forward to seeing you at this event.

Agenda

  • 7:30am: Registration
  • 8:25 – 8:30am: Opening remarks by Sokheng Say, Partner, DFDL 
  • 8:30 – 9:00am: Cambodian SME opportunities by Lem Chansamrach, Managing Director, Cambodian Investors Corporation Plc.
  • 9:00 – 9:30am: SME compliance regulations and business licenses for SMEs in Cambodia by Sophorne Kheang, Senior Consultant, Corporate & Commercial Practice, DFDL
  • 9:30 – 10:00am: Coffee break
  • 10:00 – 10:30am: Labour overview and recent developments for SMEs by Chesda Teng, Senior Consultant, Corporate & Commercial Practice, DFDL
  • 10:30 – 11:00am: Cambodian tax and customs incentives available to SMEs by Borapyn Py, Tax Country Associate Director, DFDL 
  • 11:00 – 11:45am: Panel discussion
  • 11:45 – 11:55am: Closing remarks by Sokheng Say, Partner, DFDL

The presentation will be provided in Khmer and English translation will be available.

Date: Thursday 5 September 2019

Venue: Raffles Hotel Le Royal

Time: 7:30 am – 11:55 am

Fees:

DFDL Clients & CiC Members: USD 20
General Admission: USD 30

Speakers

Sokheng Say
Partner & Head of Regional Accounting Advisory Practice Group
DFDL Cambodia

 

Lem Chansamrach
Managing Director
Cambodian Investors Corporation Plc.

 

Sophorne Kheang
Senior Consultant, Corporate and Commercial Practice Group
DFDL Cambodia
 

Chesda Teng
Senior Consultant, Corporate and Commercial Practice Group
DFDL Cambodia

 

Borapyn Py
Tax Country Associate Director
DFDL Cambodia

Buy your ticket now: