Small and medium enterprises (SMEs) are finding it difficult to meet the requirements to apply for tax exemption from the General Department of Taxation ’s (GDT) said Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec) president Te Taingpor.
Speaking to The Post on Wednesday, he said most SMEs could not meet the requirements as they were still too high.
“I don’t think our SME members will apply for it. It is difficult and complicated, and the capacity of our SMEs is too limited to meet the required criteria,” he said.
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