PH, Cambodia ink pacts on taxation, agri, tourism, culture

MANILA, Philippines — President Ferdinand “Bongbong” R. Marcos Jr. and Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet on Tuesday signed a pact in a bid to eliminate double taxation on income tax, along with other key agreements on sectors of agriculture and tourism. “On trade and investment, we welcome our formal cooperation on the avoidance of double taxation,” Marcos said in a joint press conference. The double taxation agreement (DTA) was signed by Department of Finance (DOF) chief Ralph Recto and his Cambodian counterpart, Deputy Prime Minister and Foreign Affairs and International Cooperation Minister Prak Sokhonn. The DTA was […]…
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