AKP Phnom Penh, January 17, 2025 --

Cambodia’s General Department of Taxation (GDT) and Myanmar’s General Department of Internal Revenue have accelerated talks on negotiations on Double Taxation Agreement aimed to promote trade and investment.

A GDT delegation led by Mr. Seng Cheaseth, Director of Legislation, Tax Policy, and International Tax Cooperation, held from Jan. 13 to 15 a virtual meeting for the second round of discussions on the agreement with the Myanmar side headed by Mrs. KHIN Yamon Aung, Deputy Director General of Internal Revenue, Myanmar’s Ministry of Planning and Finance.

In the meeting, Mr. Seng Cheaseth highly appreciated the efforts of the Myanmar side in preparing for the second round of DTA negotiations.

“This DTA agreement will be a driving force in promoting improved trade and investment relations between Cambodia and Myanmar,” he said.

The two sides discussed in detail and in-depth all the remaining articles and points that were not agreed upon in the first round. They resolved all the remaining issues, with all 31 articles of the agreement being fully agreed upon.

The two-way trade between the two ASEAN countries remains flat with a total volume of US$31 million in the first 11 months of 2024, according to a report from the Ministry of Commerce.

The Royal Government of Cambodia is working to enhance the country’s investment climate by negotiating DTAs with a number of countries in the region and Europe.

Cambodia has implemented DTAs with Singapore, China, Thailand, Brunei, Vietnam, Indonesia, China’s Hong Kong Special Administrative Region, Malaysia and South Korea.

By Chea Vannak