Public Holidays in Cambodia for 2019
The annual paid Public holiday 2019 in Cambodia is released to cover both civil servants and workers. It happens every year under the Prakas (decrees) issued by the Ministry of Labour and Vocational Training. Cambodia’s public holiday’s calendar ranks are one of the most occupied in the world with 28 holidays in total. As a result, it calls for employees and employers to understand and factor the dates as they plan for their yearly activities. With much-publicised holidays in Cambodia, getting the right information from your employer is essential to enjoy the benefit of working on a public holiday.
The Purpose Of The Employer Knowing Employee Public Holiday
According to the Labour Laws in Cambodia, businesses or entrepreneurs planning to venture in business must note the employee public holidays. It is in the spirit of ensuring that your business runs smoothly and satisfied employees. Therefore, you have the right to have a mutual agreement with your employees on which public holidays you may deem right for them to work for pay and which not to work. Subsequently, it may be detrimental to your organisation to offer the same day-off to all your staff–pausing the regular operation of the business/organisation.
Dates of the Cambodia Public Holiday 2019
|1 Jan||Tue||New Year’s Day|
|7 Jan||Mon||Victory Day|
|19 Feb||Tue||Meak Bochea Day|
|8 Mar||Fri||International Women’s Day|
|14 to 16 Apr||Sun to Tue||Khmer New Year|
|1 May||Wed||Labour Day|
|13 May to 15 May||Mon to Wed||King Norodom Sihamoni’s Birthday|
|18 May||Sat||Visak Bochea Day|
|20 May||Mon||National Day of Remembrance|
|22 May||Wed||Royal Ploughing Ceremony|
|1 Jun||Sat||Children’s Day|
|18 Jun||Tue||Queen Mother’s Birthday|
|24 Sep||Tue||Constitution Day|
|27 Sep to 29 Sep||Fri to Sun||Pchum Ben|
|15 Oct||Tue||Commemoration of Late King Father|
|23 Oct||Wed||Paris Peace Agreements Day|
|29 Oct||Tue||King Norodom Sihamoni’s Coronation Day|
|9 Nov||Sat||Independence Day|
|10 Nov to 12 Nov||Sun to Tue||Bon Om Touk|
|10 Dec||Tue||Human Rights Day|
Click here for more information from https://www.mef.gov.kh original release which Ministry of Economy and Finance of Cambodia.
The Employee’s Benefits Of Working On A Public Holiday
Employees may be required to work on a public holiday, and in such circumstances, they are entitled to receive wages at a premium rate of 200 percent of the regular hourly wages. The employee is entitled to take a day off at another time and paid a regular salary when a holiday falls on a weekend (Sunday). On the other hand, workers can take off and still get their regular pay if a public holiday falls on a Saturday and employees are contractually necessitated to work on that day. In the event the company requires them to work on Saturday, they get double pay.
Again, it’s a privilege of the employer to decide whether or not a day shall be taken off on a Tuesday. As the laws are not equally definite when there are multiple-public holidays that (Sunday & Monday). Nevertheless, on instances of an unofficial holiday such as Chinese New Year, employees shall attend their regular working days as usual. Importantly, the employee and the employer can enter into an agreement on such instances where the public holiday 2019 in Cambodia is flexible.
Why Set Up A Business In Cambodia
The kingdom of Cambodia presents any entrepreneur with business experience to flourish and enjoy the untapped market in Southeast Asia. With a reasonably straightforward registration process, Cambodia gives you a reason as a foreign investor to enjoy investment incentives such as tax holidays and lower corporate taxes. Additionally, Cambodian’s government has implemented policies favouring Foreign Direct Investment (FDI). It is coupled with relatively cheap labour making it an investment destination choice. Furthermore, the Labour laws concerning public holiday 2019 in Cambodia are flexible for both the employer and the employee. The employer only needs to reach an agreement with the employee without disrupting the normal operations of the business.
Besides, the establishment of many special economic zones that offers special incentives to investors and gives import-export administrative support is another good reason to set up a business in Cambodia. One significant benefit that you’re likely to relish in Cambodia, unlike other Southeast Asia is that you can wholly own your company as a foreigner. Cambodia’s contiguity to other economies in Southeast Asia and the elimination of double taxation under the DTA is another excellent reason to invest in Cambodia.
You can have a cross-border trade without any taxation disputes hence increasing your economic activities overboard. In case you may find it difficult to set up your business, you may seek the services of 3E Accounting and relish your business operations in Cambodia.