PhnomPenhPost-Jan 7, 2021

The double tax avoidance agreement (DTA) between Cambodia and Malaysia came into effect on January 1, ushering in optimism and hope in the private sector that bilateral investment will garner steam. This is according to a January 6 press release issued by the Ministry of Economy and Finance’s General Department of Taxation (GDT). The DTA was signed in September 2019 between minister Aun Pornmoniroth and Malaysian Minister of Foreign Affairs Saifuddin Abdullah.

Cambodia Chamber of Commerce director-general Nguon Meng Tech told The Post on January 7 that the agreement was made to prevent investors on both sides from paying income taxes on the same source of income and obliging them to pay where the profit was made.

Read more at: https://www.phnompenhpost.com/business/cambodia-malaysia-double-tax-agreement-now-effect