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Cambodia Advances Tax Negotiations with Seven Nations to Boost Investment

PHNOM PENH, April 24, 2024 — Cambodia is currently in talks to establish Double Taxation Agreements (DTAs) with seven countries, as announced by the General Department of Taxation (GDT). The negotiations involve the Philippines, Laos, Myanmar, France, Japan, Morocco, and the United Arab Emirates, aiming to enhance the Kingdom's appeal to foreign investors and bolster its economic competitiveness.

Cambodia already has DTAs in effect with several nations including Singapore, China, Thailand, Brunei, Vietnam, Indonesia, China’s Hong Kong Special Administrative Region, Malaysia, and South Korea. Additionally, agreements with China’s Macau Special Administrative Region and Turkey are nearing ratification.

According to a recent statement from the GDT, DTAs are crucial for providing confidence and certainty to foreign investors by preventing double taxation. These agreements are significant tools for attracting foreign direct investment and improving the international competitiveness of Cambodia.

DTAs also aim to eliminate tax discrimination between local and foreign companies and establish mechanisms for resolving tax disputes and exchanging information on tax evasion between state parties.

In Cambodia, two institutions under the Ministry of Economy and Finance are tasked with tax collection. The GDT is responsible for domestic taxes, such as income tax, salary tax, value-added tax, and property tax, while the General Department of Customs and Excise (GDCE) handles taxes on goods entering and leaving the country.

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