Microlenders refuse to apply prescribed VAT

The industry body representing the Kingdom’s myriad microfinance institutions (MFIs) threw down the gauntlet yesterday, announcing that its members had categorically rejected a government directive that orders them to charge a value-added tax (VAT) on financial services fees and would not apply it. …

 Hor Kimsay
http://www.phnompenhpost.com/business/microlenders-refuse-apply-prescribed-vat

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