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In an effort to promote economic growth and cross-border trade, Malaysia and Cambodia have signed a double taxation agreement (DTA). The DTA, which was signed on 11 March 2021, aims to prevent double taxation of income earned in one country by residents of the other country.

Under the DTA, income earned by Malaysian residents in Cambodia will only be taxed in Cambodia, and income earned by Cambodian residents in Malaysia will only be taxed in Malaysia. This agreement is expected to boost trade and investment between the two countries by reducing the tax burden on businesses operating in both Malaysia and Cambodia.

The DTA also includes provisions for the exchange of information between tax authorities in the two countries. This will help to prevent tax evasion and ensure that both countries are collecting the appropriate amount of tax revenue.

In addition to the economic benefits, the DTA is also expected to have a positive impact on the relationship between Malaysia and Cambodia. By promoting cross-border trade and investment, the DTA will create opportunities for greater cooperation between the two countries.

Overall, the double taxation agreement between Malaysia and Cambodia is a significant step towards promoting economic growth and cross-border trade in the region. It is expected to provide benefits for businesses operating in both Malaysia and Cambodia, as well as for the broader relationship between the two countries. As such, it is an important development to keep an eye on for those interested in the economic and political landscape of Southeast Asia.