4 February 2015
New and existing companies listed on the
Cambodia Securities Exchange (CSX) will have their taxes halved by the
Cambodian government, a move that is being labelled as a generous attempt to
boost activity on the bourse.
The sub-decree, which was signed off by Prime
Minister Hun Sen on 8 January and released last week, states that current and
future publicly listed companies will be granted a 50% reduction on all
corporate income taxes for a period of three years from the General Department
of Taxation (GDT). To be eligible for a three-year tax break, companies must
list on the CSX before January 8, 2018.
Investors buying or selling stock on the CSX
will also benefit from a 50 per cent discount on the taxes they incur from
their dividends for the next three years.
Source:
http://www.phnompenhpost.com/business/firms-list-see-tax-cut
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