Deadline for online business registration now extended to July – The Phnom Penh Post

| Publication date 07 March 2022 | 21:01 ICT
Uncertainty over business conditions and the impact of the spread of Covid-19 has prompted the Ministry of Commerce to postpone the issuing of fines until July for online business owners who are late to apply for e-commerce permits or licences.
The ministry announced last week that the postponement of fines for late submission of applications for e-commerce permissions and licences, originally due by March 1, has now been extended to July 1.

“At the request of traders, sole proprietorships and companies, coupled with the re-emergence of the new Omicron variant Covid-19 epidemic in the community, the Ministry of Commerce has decided to extend the deadline until July 1, 2022 to allow enough time for them to apply for permissions and licences,” the ministry said.
It emphasised, however, that businesses conducting e-commerce operations without permission would still be subject to fines and penalties as set out in the E-commerce Law system.

The ministry added that in order to legally conduct e-commerce operations in Cambodia, all foreign business owners, sole proprietors, legal entities and affiliates are to apply for a permit or licence in accordance with standard procedures.
Hong Vanak, director of International Economics at the Royal Academy of Cambodia, told The Post that technological advances, especially in the context of the spread of Covid-19, have meant that e-commerce has grown rapidly worldwide – including in the Kingdom.
However, he noted that the rapid pace of industry development meant that legislation and regulation designed by the authorities “has not been 100 per cent effective”.
Requiring all e-business proprietors to register and apply for licences from the ministry would strengthen the trust of stakeholders, including authorities, business partners and customers, Vanak added.
“The decision to issue this extension has been made because the Ministry of Commerce wants all e-business owners to be ready [for this change]. Having the correct registration [or e-commerce] licence will also offer confidence and legitimacy,” he said.
Sam Sokha, a vendor who sells car decoration accessories online, said he had been aware of the requirement to register with the commerce ministry for “about half a year”.
But he admitted he was not ready to register his business as, once listed, the state will require payment of various taxes on it – despite his sales being low, and his site being infrequently restocked.
Sokha said that if he had to pay more taxes, the price of his goods would have to be increased. “Now that there are more sellers, if my price is higher, who would buy them?”
He added that he will take a “wait and see” approach – observing how others conducting similar businesses will react to the registration of permissions or licences in the next few months – before proceeding.
This will be the third time that the commerce ministry has decided to make the reprieve to all e-commerce business owners. Previously, it had set the deadlines as December 1, 2021 and March 1.
The arrival of Hollywood starlet Angelina Jolie in Cambodia during the Covid-19 crisis serves as invaluable promotion of the Kingdom as a safe tourist destination and comes as the greatest boost in its efforts to attract tourists since its November reopening, according to industry insiders.
Cambodia rejects the use or threats of force and does not side with any of the parties in the Russia-Ukraine conflict, Prime Minister Hun Sen has declared. The premier stated that support for any party in what he believed had evolved into a proxy battle
Prime Minister Hun Sen has dismissed rumours of fresh lockdowns in the capital, saying he will not opt for such a response to the Omicron coronavirus variant anywhere in Cambodia despite surging daily Covid-19 case rates. He also called on pharmacies to refrain from price
A Chinese national who claimed to be a “blood slave” for criminal gangs and shared his story with the media has been arrested for inventing the harrowing experience to avoid having his illegal entry into Cambodia discovered, according to an announcement by the National Police
Prime Minister Hun Sen has weighed in on the Russia-Ukraine issue, echoing his long-held belief that it is only through peaceful negotiation, and not another war, that any disagreements between belligerent parties can be resolved. Hun Sen made the observation as he noted that despite
Russian President Vladimir Putin’s announcement that his nuclear forces were on alert sparked outcry in the West as its troops faced stiff resistance on February 28. The UN General Assembly will hold a rare emergency session later on February 28 to discuss the conflict, which has claimed


Leave a comment

Your email address will not be published.