Logo of Phnom Penh Post newspaper Phnom Penh Post - Four DTAs to be sent to assembly for approval

Four DTAs to be sent to assembly for approval

Four DTAs to be sent to assembly for approval

Prime Minister Hun Sen’s cabinet on Friday vowed to submit its four current double taxation agreements (DTAs) to the National Assembly for legislative approval, according to state-run news agency Agence Kampuchea Presse (AKP). Cambodia currently has signed framework agreements for DTA regulation with Singapore, China, Brunei and Thailand.

The agreements are aimed at preventing dual taxation and fiscal evasion through information sharing mechanisms and complaint resolution. While the DTAs with China, Brunei and Thailand have yet to be made public, government officials have previously said all three are similar to the DTA agreement made with Singapore, which lowers the withholding tax on dividends, interest and royalties from the current rate of 14 percent to 10 percent for non-residents.

MOST VIEWED

  • Phnom Penh authorities ban march for Human Rights Day

    Phnom Penh authorities have banned a planned march as local NGOs and workers’ unions gear up to celebrate the 70th anniversary of the signing of the Universal Declaration of Human Rights on Monday, with a youth group leader saying they would march nonetheless. The UN

  • Government deports 235 Chinese scammers

    THE Immigration Department of the Ministry of Interior on Thursday deported 235 Chinese nationals, 35 of whom were female, via the Phnom Penh International Airport for their part in a Voice over Internet Protocol (VoIP) online money extortion scam. The deportees were arrested on November 26 over the

  • Phnom Penh’s Jet’s Container Night Market shuts down

    The famous Jet’s Container Night Market in central Phnom Penh has shut down due to the high cost of the land rental, company representatives claim. Jet’s Container Night Market is the largest such market in Phnom Penh. It operated for just over two

  • International buyers snap up new locally produced watch

    A Cambodian entrepreneur has launched a stylish high-end watch, hoping to promote the Khmer creative talent and increase demand for the Kingdom’s products abroad. Designer Seth Pitu launched his brand PU a mere 60 days ago, and hopes to combine traditional Khmer art with sleek