Firms that list to see tax cut
New and existing companies listed on the Cambodia Securities Exchange (CSX) will have their taxes halved by the Cambodian government, a move that is being labelled as a generous attempt to boost activity on the bourse. The sub-decree, which was signed off by Prime Minister Hun Sen on January 8 and released last week, states that current and future publicly listed companies will be granted a 50 per cent reduction on all corporate income taxes for a period of three years from the General Department of Taxation (GDT). ... The sub-decree states that all companies already listed on the CSX will have the 50 per cent discount applied retrospectively from the date of their initial public offering (IPO). ...
Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/firms-list-see-tax-cut
