Cambodia, like its regional peers, offers a number of tax incentives to investors. This paper reviews these incentives to assess their costs and benefits, including their likely effectiveness in attracting capital and in supporting the diversification strategy. It finds that an important incentive,...
|a Tax Incentives in Cambodia /
|c Manuk Ghazanchyan, Alexander Klemm, Yong Sarah Zhou.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (22 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Cambodia, like its regional peers, offers a number of tax incentives to investors. This paper reviews these incentives to assess their costs and benefits, including their likely effectiveness in attracting capital and in supporting the diversification strategy. It finds that an important incentive, the tax holiday, differs materially from practice elsewhere in offering a deferral rather than exempting from tax and may not be very effective. Moreover, other features of the tax system, such as the high withholding rate on dividends, imply relatively high effective tax rates for foreign investors. The paper discusses potential reforms that weigh revenue and other costs of tax incentives against the need for a competitive tax system, including a shift from tax holidays toward investment allowances.
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|a Mode of access: Internet
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|a Klemm, Alexander.
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|a Zhou, Yong Sarah.
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|a IMF Working Papers; Working Paper ;
|v No. 2018/071
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/071/001.2018.issue-071-en.xml
|z IMF e-Library