Looking Back: 2023 and Gazing Into: 2024
Looking Back: 2023
More than two decades after the Government enacted the law on taxation, it promulgated in 2023 a new Law on Taxation. Some other significant changes that took place in 2023 include the issuance of regulations on (i) the law on competition; (ii) the introduction of a financial technology (“FinTech”) regulatory sandbox; (iii) the investigation and recall of unsafe or non-compliant foods; and (iv) the issuance of a sub-decree on the implementation of the Law on Investment. 2023 also saw the adoption of rules for the provision of mediation services in Cambodia.
Gazing Into: 2024
Gazing into 2024, Cambodia expects to see further actions in relation to the following:
- Draft law on personal data protection;
- Draft law on cybercrime;
- Draft law on cybersecurity;
- Draft Sub-Decree on microinsurance;
- Draft Prakas on guidelines on reinsurance;
- Draft Prakas on the rules and procedures of insurance inspection;
- Draft Prakas on corporate governance for insurance companies; and
- Implementing regulations in relation to the environmental and natural resources code.
Full Report
Click on the link below for the full report which provides summaries of the key legal developments related to the above areas.
Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice
