VATupdate

Cambodia’s GDCE to not raise VAT despite loss from trade pacts

The General Department of Customs and Excise (GDCE) at the Cambodian ministry of economy and finance will not hike value-added tax (VAT) on imported goods even as customs income suffered losses as a result of trade pacts. The GDCE is likely to slash the VAT rate for items that support economic activities and lessen the burden of consumers.

Source: fibrefashion.com

 

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