Legal and Tax Updates

Issue: No. 011P/21 – 1 February 2021

Every commercial enterprise shall keep the Ministry of Commerce informed of its key company’s information by filing of annual declaration of commercial enterprise. This annual declaration is an addition to other registration/reporting requirement.

Application Deadline

3 months from the 12^th month of the enterprise’s re-registration or registration date on the Ministry of Commerce’s online system

Description

As required by law and relevant regulations, all companies, branches, and representative offices are required to file the ADCE to the Ministry of Commerce. Following the Prakas N. 107, online submission of the ADCE must be performed within three months from the 12^th month of the enterprise’s re-registration or registration date on the Ministry of Commerce’s online system. Failing to perform within three months of the due date, it will be subject to a fine.

We hope that the above legal update is helpful for your investment and help you to invest more confidently. 

Disclaimer

The article is merely for general information purposes. It does not constitute a legal advice on the subject matter. If you have any question or need any assistance, please feel free to contact us:

	SON Sokeng, Partner, Managing Director sokeng.son@sithisak-lawoffice.com +855 12 885 870	Sokeng has more than 8 years of professional experiences in corporate, commercial, investment and capital market sector in Cambodia. He advised and assisted various companies in various legal compliance issues, major investment projects and in conducting legal due diligence for major M&A and IPO projects. He has led many legal counsel teams to advise and assist ACLEDA Bank Plc., Phnom Penh Autonomous Port and other SMEs in the process of listing and proposed listing on the Cambodia Securities Exchange (CSX).
	NOEUM Sokvichhai, Partner, Head of Corporate, Commercial and Investment Practice Group sokvichhai.noeum@sithisak-lawoffice.com +855 12 826 785	Atty. Sokvichhai has more than 6 years of experiences in labour, corporate, commercial and investment advisory in Cambodia. He actively advices and assists various businesses in commercial, tax, and labour registration, business licensing, products registration & distribution, business recapitalization & restructuring, and mergers & acquisitions transaction. He also has particular experiences in advising collective investment fund and trust business, investment incentives & qualified investment project, and labour & employment related issues. Sokvichhai also assists major business in preparing various commercial agreements. Currently, Sokvichhai is also leading Sithisak’s Investigation Team to investigate any labour related misconduct within client’s company.

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