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Tech giants told to pay income tax
Wed, 16 December 2020
Minister of Posts and Telecommunications Chea Vandeth told international digital tech giants that the government will soon collect corporate income taxes from businesses based on their virtual economic presence in the Kingdom.
The aim is to collect taxes on services provided by firms that generate revenue from Cambodians but are not registered in Cambodia, according to the ministry.
The minister’s remark follows a series of virtual discussions with cloud-service providers and major tech companies that were held between November 19 and December 10, the ministry said in a press release.
Vandeth stressed to the companies that the government has the mechanisms for effective tax collection on the digital services provided by international tech firms with no physical presence in Cambodia.