Narrow Your Choices

Refine By Countries

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Business and Economics > Corporate Taxation

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
Clear All Modify Search
Cover IMF Working Papers
Tax Incentives in Cambodia
Mr. Manuk Ghazanchyan
,
Mr. Alexander D Klemm
, and
Yong Sarah Zhou
Cambodia, like its regional peers, offers a number of tax incentives to investors. This paper reviews these incentives to assess their costs and benefits, including their likely effectiveness in attracting capital and in supporting the diversification strategy. It finds that an important incentive, the tax holiday, differs materially from practice elsewhere in offering a deferral rather than exempting from tax and may not be very effective. Moreover, other features of the tax system, such as the high withholding rate on dividends, imply relatively high effective tax rates for foreign investors. The paper discusses potential reforms that weigh revenue and other costs of tax incentives against the need for a competitive tax system, including a shift from tax holidays toward investment allowances.
Keywords:
WP; circumstances Cambodia; R&D tax incentive; retained earnings; depreciation rate; tax incentives in Cambodia; Tax incentives; Tax Competition; Tax holidays; effective tax rates; withholding tax tax rate; investment allowance; Effective tax rate; Withholding tax; Corporate income tax; Asia and Pacific; Africa; Central and Eastern Europe; East Asia; North Africa
Cover IMF Working Papers
Investment Incentives and Effective Tax Rates in the Philippines: A Comparison With Neighboring Countries
Mr. Alexander D Klemm
,
Mr. Dennis P Botman
, and
Reza Baqir
We compare the general tax provisions and investment incentives in the Philippines to six other east-Asian economies-Malaysia, Indonesia, Lao, Vietnam, Cambodia, and Thailand. We calculate effective tax rates and find that general effective tax rates are relatively high in the Philippines, while investment incentives are comparable to those in neighboring countries. Tax holidays are most attractive for very profitable firms, creating redundancy, and for investment in short-lived assets. We also consider recently-proposed tax reforms that would replace tax holidays by a reduced corporate income tax rate or a low tax on gross receipts. The results suggest that this would result in stronger incentives to invest, while government revenue increases. Alternatively, replacing holidays with a general reduction in the corporate tax rate and offering accelerated depreciation will either not provide the same incentives or be very costly.
Keywords:
WP; income tax; accelerated depreciation; export enterprise; personal income; contract research and development company; depreciation rate; export processing zone company; indirect tax; tax year
Cover IMF Staff Country Reports
Cambodia: Selected Issues and Statistical Appendix
International Monetary Fund
The Selected Issues paper discusses Cambodia’s poverty and growth, private sector development, public financial management reform, and debt sustainability. It summarizes the Poverty Assessment and describes the regime of tax incentives, costs, and limits for private investment. It also summarizes the assessment of Cambodia’s Public Expenditure Management system and Public Financial Management Reform Program. It highlights the key reform priorities, and provides historical background on Cambodia’s external and domestic debt. It also includes a statistical appendix and a summary of the tax system.
Keywords:
ISCR; CR; Cambodia; poverty incidence; debt; government; poverty estimate; poverty reduction; investment incentive; poverty assessment; public expenditure management system; further poverty reduction; Tax holidays; Tax incentives; Southeast Asia; Eastern Europe; Asia and Pacific; Mekong; Europe