Cambodia Tax Regulation Update-June 2020
The Ministry of Economy and Finance (MEF) promulgated Prakas No. 525 on June 19, 2020, which aims to reduce the withholding of withholding when the Cambodian banks and microfinance institutions ("MFI") pay domestic and overseas interest payments Tax ("WHT
2021
07
Jul
2019, I am in Cambodia
2021-07-07

This service account insists on originality. The author is Zhang Xiaoming, partner of Zhuozhi (Cambodia) Accounting Firm, three years of multinational enterprise management experience, six years of listing audit experience, five years of entrepreneurial experience, Chinese certified public accountant (CPA), international certified public accountant (ACCA) ). Customer Service WeChat: exe7269, 0717264227

The Kingdom of Cambodia, commonly known as Cambodia, is an ancient civilization with a long history. It is located in the Indochina Peninsula. The population of Cambodia is about 15 million, and the Khmer ethnic group accounts for 80% of the total population. There are about 1 million Chinese and overseas Chinese. The capital of Phnom Penh, the special economic zone Sihanoukville (Westport), my 2019 will be separated between these two cities.

Dad, i miss you

Xiao Li's phone rang again, it was a video of his wife. Xiao Li quickly picked it up, and inside came the little chubby face of the little girl

"Dad, what are you doing?"

"I'm working overtime"

"Mom said, you pay attention to safety when you work outside"

"Ok, got it, how are you in kindergarten"

"Very well, it's just that other kids said why dad keeps not coming to pick me up" The little daughter's voice suddenly changed very aggrieved.

"Dad, I miss you! When are you coming back?" the little girl asked cryingly

"Dad misses you too. Daddy will be back in two days. Be good."

"Dad, what's wrong with your eyes?"

"A small bug flew into my father's eyes, it hurts a bit, and my father died first."

After hanging up the phone, Xiao Li's tears spurted out. He sat quietly by the bed, letting tears flow freely on his cheeks, no one saw it, and let her flow for a long time. Tears were hot and itchy warming his long and lonely heart in a foreign country.

Half an hour later, he quietly took out his cell phone and booked a ticket to go home. I have the responsibility to make my parents, my wife, and my children have a better life, but I want them to have a happy reunion year.

My mother sold the pig just to invest in Westport

Xiao Zhang, a native of Hunan, feels a little pitiful. Because of this steadfastness, I came to Xigang with my boss.

Renting a house, buying a desk, and hitting a floor with the boss at night, proud; getting up in the morning and being bitten by mosquitoes; going out and drinking coffee one day and buying an electric mosquito swatter, hitting mosquitoes is like shooting a machine gun, boss Said that my child definitely likes this toy; one day, Xiao Zhang still came, and Xiao Zhang got dengue fever, and had a fever for more than a week, and spent all his savings;

One day, the boss and Xiao Zhang went to visit a customer, and they drove the car. Xiao Zhang said that the boss is driving in China, and I drove the Westport Qinglong.哐! The car fell, and the two people slid with the car for more than three meters. Xiao Zhang’s trousers broke two holes, his arm broke a piece of skin, and the boss’s chest was hit by the handle of the car. It hurt for more than a month. .

In this way, the company went from one person to three people, to seven people, to eleven people...; from no customers, to 30, to 100, to 200 customers.

For the company's development, in order to attract and retain talents, and release the original equity to outstanding employees, Xiao Zhang is also included in the assessment. Xiao Zhang was optimistic about the company and Xigang, and took a larger original stock. In order to collect the investment funds, Xiao Zhang persuaded his mother to sell the pig, which really sold it.

The rented land is no longer needed, and the house being built is no longer needed

Lao Liu has an authentic Northeast accent. Before doing construction in China, there should be tens of millions in hand. When I came to Westport at the beginning of the year, I saw waves of investors coming, and land was priced at a daily price.

Old Liu was moved, and he immediately found the old Wang who was engaged in construction (Lao Wang, from the Northeast, and a Cambodian wife). He drove the car (four wheels) to see the ground. He saw a large roadside and the price was 20 yuan. One level, I heard that it was 8 yuan a level six months ago.

Lao Liu invited Lao Wang to dinner at noon. He said that he wanted to rent a dormitory to BC Company and build a hotel that could easily be converted into a hotel. I asked Lao Wang to calculate the rate of return. Lao Wang said that based on the current situation, it is estimated that it will be paid back in three years. Lao Liu said this is good, and it is acceptable for five years.

Next, Lao Wang rented three or four plots of land and started construction one after another, and successively invested 2 million US dollars.

On August 18, the Cambodian government ordered a ban on online gambling. It is estimated that no one would have thought that this paper ban would be so powerful. There were long queues of people leaving the Westport Airport. Investor confidence was greatly affected. Build a good house. I couldn't rent it, the house being built stopped, and no one rented the land.

Pharaoh, what should I do? The construction site has stopped without paying the project payment. The landlord has urged the land rent one by one. It feels useless if the land rent is paid. The one-year deposit paid before is gone, and the half of the building is gone. Well, when do you say the month-to-month handover will go?

A few days ago, I saw Lao Wang’s circle of friends: I have returned to China, a place where Xigang once dreamed of struggling. Spring will bloom next year, and I hope to see each other again.

Recently, there are indeed many people with qualifications for construction. It is estimated that Xigang has become warmer, and many projects are about to start again. I hope that the Cambodian compatriots who work hard will have a satisfactory return.

The Chinese New Year is coming soon, and the young man who struggled in a foreign country is back; if he does not return, he must have his pain points; every young man who started a business overseas has a dream in his heart, love in his heart, and people from that family in his heart.