7.500
%
Neutral
87
mm boe
0
%
While the fiscal regime remains one of the simpler and easier to navigate, there is a concern that limited O&G production will be squeezed for more revenue. This combination is reflected in the combination of a higher discount rate and Neutral outlook.
April 17, 2024
Asia - South East
mm bbl
bcf
South eastern Asia, bordering the Gulf of Thailand, between Thailand, Vietnam, and Laos.
Multiple (PSC/Concession)
In Cambodia, the oil and gas fiscal regime is classified as the Real Regime System of Taxation (a self-assessment system). An additional tax on excess income also applies and this tax is based on an excess accumulated income to accumulated expense ratio
Cambodia has an open and liberal foreign investment regime and actively courts FDI. The primary law governing investment is the 1994 Law on Investment. The government permits 100% foreign ownership of companies in most sectors. In a few sectors, such as cigarette manufacturing, movie production, rice milling, gemstone mining and processing, publishing and printing, radio and television, wood and stone carving production, and silk weaving, foreign investment is subject to local equity participation or prior authorization from authorities. There is little or no discrimination against foreign investors either at the time of initial investment or after investment. Some foreign businesses, however, have reported that they are at disadvantaged vis-a-vis Cambodian or other foreign rivals that engage in acts of corruption or tax evasion or take advantage of Cambodia’s poor regulatory enforcement.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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