In 2018 Cambodia experienced the third largest increase in international tourists in Asean, behind only Vietnam and Indonesia, according to data recently released by the Ministry of Tourism. Last year, the number of international tourists visiting the Kingdom grew by 11 percent, a rate surpassed only by Indonesia, where foreign tourist arrivals grew by 11.6 […]
Read MoreIn a bid to attract more investors to the sector, the Ministry of Agriculture is working on a proposal to reduce taxes on rubber exports. Agriculture Minister Veng Sakhon said one of the points included in the proposal is that shipments valued at less than $2,000 per ton should not be taxed. Currently, the government […]
Read MoreAir conditioner imports from Thailand were valued at about US$16 million last year – a fraction of the total US$5 billion Thailand earned from its air conditioner exports to international markets, Thailand’s Department of International Trade Promotion at the Ministry of Commerce said. The department’s deputy head Witt Maneenetr said most of the air conditioners […]
Read MoreCompanies listed in the local bourse are entitled to a 50 percent deduction in income tax, according to a sub-decree issued earlier this month. Sub-decree No. 01 on Tax Incentives for the Securities Sector, which was signed by Prime Minister Hun Sen on Jan 4, also establishes exemptions of the withholding and value-added taxes, among […]
Read MoreAbout 20 Thai firms specialising in home appliances, auto parts, electric components, and electronics took part in a business matching event in Phnom Penh yesterday. Representatives of the companies travelled to the Kingdom to find local partners at the ‘2019 Bangkok Refrigeration, Heating, Ventilation and Air-Conditioning’ and the ‘Bangkok Electric and Electronics Show’, which were […]
Read MoreThe government has granted a huge tax incentive to companies listed on the Cambodia Securities Exchange (CSX) – a 50 per cent reduction on income tax and eliminating all tax debt if the firms are listed on the CSX within three years from now. Industry insiders welcome the government’s new initiative, saying the move will […]
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