Businesses know little of the letter of the law
Cambodia entrepreneurs faced considerable problems when it came to obeying tax laws and other regulations, officials at a seminar about that very subject said yesterday. The VDB Loi company organised the seminar on “New Practices and Preferential Trade Rules” with the co-operation of the General Department of Customs and Excise of Cambodia to raise awareness of new tax rules among businesspeople in Cambodia. VDB Loi director Sim Laysym said the company, which was established in March this year and has six countries’ networking in Southeast Asia, would provide legal consulting services on customs and excise laws, commercial laws and how to do business in Cambodia. … He said that even though the Cambodian customs and excise law was adopted in 2007, there were few businesspeople who knew clearly about it – and even those who did, didn’t know how to benefit from the law. …
