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Cambodia Urged To Plug Tax Revenue Leakages

by Mary Swire, Tax-News.com, Hong Kong

23 October 2017


Cambodia should center its tax reform efforts on improving the effectiveness and efficiency of tax incentives and excise taxes, the International Monetary Fund has said.

The Fund said that over the medium term the country should aim to reform value-added tax (VAT) policy and personal income taxes, and increase property taxes.

Despite previous reforms helping to increase revenues to 15.3 percent of GDP in 2016, from 14.6 percent in 2015, the IMF said tax policy reform has progressed slowly. It said strengthening tax administration will be key to the success of future reforms.

TAGS: tax | value added tax (VAT) | property tax | tax incentives | International Monetary Fund (IMF) | tax credits | Cambodia | tax breaks | tax reform

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