The proclamation signed by Minister of Economy and Finance Aun Pornmoniroth on Feb 7 and released on Monday, said the double tax agreement (DTA) with Hong Kong became effective on Jan 1.
Cambodia Investment Management group CEO Anthony Galliano told The Post that DTAs abolish and discourage incidents of double taxation, promote bilateral investment, clarity and transparency, stimulate global trade, and, most importantly for Cambodia, attract foreign investment.
DTAs also provide a mechanism to exchange information between tax authorities and help prevent tax avoidance and evasion.
