The Inland Revenue Authority of Singapore issued an announcement that the Double Taxation Agreement between Cambodia and Singapore, which was signed on 20th of March last year, comes into effect on the 1st of January 2018. The bilateral agreement aims to avoid double taxation as a result the application of tax laws in both countries and also lower the barriers to cross-border investment and boost bilateral trade. According to an expert, the agreement with Singapore has helped Cambodia gain invaluable experience in the negotiation of this type of treaties and it is a logical choice since Cambodia is a part of ASEAN and will integrate into the community. It is noted that on September last year, Cambodia also reached an agreement with Thailand.
Reference: Khmer Times, 08 January 2018
