DOF drafts agreement to prevent double-taxation on Filipinos in Cambodia

The Department of Finance said completed a draft double taxation agreement with Cambodia to protect Filipinos’ taxing rights and increase trade and investment across economic borders.

“Through this effort, we have not only complied with our commitment to completing the ASEAN DTA network, but the DOF and the BIR have also ensured that the taxing rights of Filipinos here and abroad are equitably preserved and protected,” he said. The DTA encompasses taxation of income earned by citizens and residents of the Philippines and Cambodia, and outlines how each country’s tax administration shall impose and credit taxes paid in accordance with the tax rules.Negotiations on the DTA began in 2018 in Manila, and was followed through in 2019 in Siem Reap, Cambodia.

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