News

Car sales sputter on tax hike

Authorised dealerships of new cars and trucks have said a recent increase in the specific tax on vehicle imports has put a dent in profits, with some dealers claiming sales have slowed since the tax hike went into effect in April. ...

Hor Kimsay
http://www.phnompenhpost.com/business/car-sales-sputter-tax-hike

Kingdom’s auto importers cast a wary eye on gov’t tax decree

Importers can expect a substantial increase in the “specific tax” component of certain products, especially automobiles and auto spare parts, according to a sub-decree by the Customs and Excise Department released yesterday. ...

Ananth Baliga
http://www.phnompenhpost.com/business/kingdoms-auto-importers-cast-wary-eye-govt-tax-decree

Flood-damaged cars could inundate market

After flooding in May left much of the US state of Texas underwater, auto industry insiders are warning that water-damaged vehicles from the US could start appearing in Cambodian gray market auto dealerships, disguised to look new. ...

Donald Lee and Igor Kossov
http://www.khmertimeskh.com/news/12979/flood-damaged-cars-could-inundate-market/

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