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Phl Cumbodiu set Io sign double quution deul in 2025
The Philippine Star
|November 20, 2024
The governments of the Philippines and Cambodia are set to sign a bilateral agreement early next year aimed at preventing double taxation that would allow Filipino businesses to become more competitive abroad, the Department of Finance said.
The DOF said the signing of the double taxation agreement (DTA) between the two governments is expected in February next year when Cambodian officials are scheduled to Visit the Philippines.
It was Cambodia that requested to move the signing of the DTA to next year from earlier announced schedule of within the year to coincide with their official state visit, DOF officials said.
The DOF emphasized that DTAs support local businesses in their international ventures as their taxing rights are protected, thus jncreasing trade and investment across economic borders.
Dit verhaal komt uit de November 20, 2024-editie van The Philippine Star.
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