January 2022 | KPMG Cambodia Delay on the implementation of the Value Added Tax (VAT) on E-commerce transactions Following our highlight in our December 2021 Technical Update on Implementation of VAT on E-Commerce transactions, the General Department of Taxation (GDT) issued Notification no. 776 GDT, dated 17 January 2022, to further delay the implementation of…
Please take note of the following three laws that have been released in the past year: Notification on the Registration of Implementation of Obligations of the Private Sector Concerning the Law on the Protection and the Promotion of the Rights of Persons with Disabilities The Ministry of Social Affairs, Veterans and Youth Rehabilitation (“MOSVY”)…
Personal boundaries are the limits and rules we set for ourselves within a relationship. A person with healthy boundaries can say “no” to others when they want to, but they are also comfortable opening themselves up to intimacy and close relationships. Last week, Mr. Justin Van Zee from Dove encouraged the CCBN members to think…
Managing your company’s culture brings many benefits: it improves your team’s environment, increases productivity, promotes the engagement of your staff and so on. Last week, Mr. Tou Boon Lim spoke about how to create a culture in your company. He encouraged the members to reflect on the current state of their company’s culture, and how…
Last week, the members of the CCBN learned that there are four basic human needs which motivate us: security, self worth, significance, and hope. These cannot be filled by ourselves. God should be the One to fill those needs. If we try to fill those needs other than through God, we may do things that…
Last Thursday Mrs. So Dary came to speak to us about “Clean Business in Cambodia”. She first told us about her story and how she became a KPMG Partner in charge of tax and accounting services. She then explained to us the importance of being compliant with the laws and keeping track of the company’s…
As markets are changing, it’s becoming more obvious that the youth of Cambodia need to strengthen and improve their skills. In this article by the Phnom Penh Post, it was pointed out that businesses are moving online and away from brick-and-mortar businesses. This means that the skills need to shift from being labor-intensive to technology-related…
We were pleased to have several special guests speak at the 2nd Anniversary of the CCBN last Saturday. Mr. Ranco Kraaijenbrink spoke to us about the 7 Habits of Highly Effective People, and gave us several good examples of how to be focused and driven business leaders. Mrs. Jacqueline Klamer then presented the background of…
Reflecting on how our environment affects our business is essential. Whether in a crisis situation or in more ‘normal’ times, it’s important to look at the different areas (economic, technological, political…etc), to then redirect our efforts. If not, our business may miss out on opportunities or be hurt by threats it did not foresee. Using…
Why do you do what you do? What is the purpose of your business? Only few companies are able to answer such questions. People don’t by what you do, they buy why you do it. These were some of the lessons and truths Mrs. Lisa Cheong, Co-Founder and Managing Director of Indradevi Consulting Group, shared…