NagaWorld, Phnom Penh’s
landmark casino resort complex, paid more than $15 million last week to settle
its tax liabilities on non-gaming business operations following a government
audit of its parent company’s 2015 financial statements. NagaWorld paid just
$6.9 million in taxes on $327.8 million gross profit last year, having
generated a record $503.7 million in revenue. The company also paid an
additional $9.4 million “non-gaming obligation payment” after a government
audit of its 2014 financials turned up what MEF officials described as
“discrepancies”.
Source:
http://www.phnompenhpost.com/business/nagaworld-reaches-15m-tax-settlement-govt
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