CafeBit Research
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Cambodia reduces tax from 35% to 5%
Cambodian Prime Minister Hun Manet made a friendly gesture by sending a letter to President Trump, proposing to reduce the tax from a maximum of 35% to 5% on 19 priority item groups.
The items that Cambodia has reduced taxes on mainly focus on American agricultural products, including: beef, pork, corn, soybeans, potatoes, fruits, almonds, whiskey, light trucks, and motorcycles...
This move is seen as an effort to promote bilateral trade relations between the two countries.
The items that Cambodia has reduced taxes on mainly focus on American agricultural products, including: beef, pork, corn, soybeans, potatoes, fruits, almonds, whiskey, light trucks, and motorcycles...
This move is seen as an effort to promote bilateral trade relations between the two countries.
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