Cambodia, Brunei Sign Double Taxation Agreement

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AKP Phnom Penh, July 27, 2017 –

The Royal Government of Cambodia and the Government of Brunei Darussalam reached this morning an agreement on avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income.

The agreement was signed by Cambodian Senior Minister and Minister of Economy and Finance H.E. Aun Porn Moniroth and Ambassador of Brunei Darussalam to Cambodia H.E. Pengiran Kasmirhan Pengiran Tahir.

Under the agreement, both countries will make sure to set the right to tax collection which is a foundation to attract foreign direct investments, flow of capital, transfer of technology and skills, protection of local tax revenues, etc.

Cambodia has so far signed such Double Taxation Agreement with Singapore and China.

By So Sophavy