Clint Oconnell News Today

The newly introduced Taxation Law is devoid of any complications. As Khmer Times breaks down the 84-page law to its readers, it sees the government has launched the Taxation Law at a perfect time to strengthen tax collection and ease of compliance.

In a significant move to boost the education sector in the country, the Royal Government of Cambodia has decided to extend the tax reliefs enjoyed by higher educational institutions till now to all educational establishments from January 2024 for five years until the end of 2028.

The government has created an e-commerce platform for MSMEs to bring their trade overseas It's early days but Cambodiatrade.com, an e-commerce platform spawned out of a public-private initiative, has brought onboard a myriad of pandemic-hit micro-, and small-and-medium enterprises (MSMEs) with over 1,000 local products on display.

The new investment law has been praised by investors and businesses alike because of its robust incentives, but experts say more has to be done Not too long ago, critics pointed out that Cambodia needed to be more discerning of its foreign direct investment (FDI), following the surge in real estate and construction investments that flooded the market.

This property tax has been deferred for the third time in spite of moves to expand the tax base and revenue. But continued delays are eliciting questions as to its motive