DFDL

“An ounce of prevention is worth a pound of cure.” Benjamin Franklin For tax advisors, CFOs, and finance personnel throughout Cambodia, the last few weeks of March are typically extra stressful due to the 31 March deadline for filing annual Tax on Income (TOI) declarations with the General Department of Taxation (GDT). Cambodia’s tax system operates on the principle of self-assessment, meaning taxpayers declare and pay taxes based on their reading of tax regulations. Consequently, annual TOI declarations become very important documents: they play a major role in the tax audits that are undertaken by the GDT...

The Royal Government of Cambodia has issued the Sub-Decree on Requirements and Procedures for Business Combinations dated 6 March 2023 (“Merger Sub-Decree”). The Merger Sub-Decree elaborates on the prohibition on anti-competitive business combinations set out in Article 11 of the Law on Competition. The Merger Sub-Decree was officially implemented on its signature date (of 6 March 2023) and will be enforced within 6 months of that date...

The benefits and complexities of the trust sector in Cambodia were explained and discussed at an informative workshop hosted by DFDL with the key participation of His Excellency

The DFDL team is pleased to report that Nishant Choudhary (Partner, Myanmar Managing Director, Head of Regional Dispute Resolution Practice) was one of the featured authors in the 2023 Asia Pacific Insurance Regulation Guide published by Norton Rose Fulbright, the global law and risk advisory firm. Nishant contributed his experience and insights from Myanmar to the well-regarded industry publication, which provides an overview and practical checklist of 10 common regulatory issues for insurance companies operating, or seeking to operate, in 20 jurisdictions across the Asia Pacific region...