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Government clarifies exemptions for minimum tax

The building of the Ministry of Economy and Finance, which has issued a only those taxpayers that follow stringent accounting principles will be allowed to apply for a minimum tax exemption.

Nearly a year after the government announced that it would consider scrapping the controversial and burdensome 1 percent minimum tax obligation that is paid on monthly revenue flows, the Ministry of Economy and Finance has provided guidelines on how taxpayers who satisfy its accounting guidelines can obtain an exemption. According to a prakas signed by the finance minister on July 4 and obtained by The Post, the government has mandated that only those taxpayers that follow stringent accounting principles will be allowed to apply for the exemption. “Taxpayers who obtain the evaluation as having proper accounting record will be exempted from the minimum tax,” the decree reads.

Rainsy warns CPP over law

Former CNRP leader Sam Rainsy, seen speaking to the press in Tokyo in 2015, threatened to trigger the ruling party’s dissolution under controversial new laws in an interview with Radio Free Asia on Wednesday.

Former opposition leader Sam Rainsy has warned he could praise the ruling Cambodian People’s Party, creating a trigger for its dissolution, if it attempts to use recent legal changes to dissolve the Cambodia National Rescue Party on the basis of his public support for the party. In February, Rainsy was forced by changes to the Political Parties Law to resign as the CNRP’s leader or risk it being dissolved due to his criminal convictions. Further changes introduced this month would allow for its dissolution simply for associating with him. The changes, already passed by CPP lawmakers in the National Assembly and Senate, would allow for the closure of a party that breaks new provisions banning a party from “accepting or conspiring with a convicted criminal to do activities in the interests of the party”.

Tea Banh looks to Chinese

Defence Minister Tea Banh (right) meets with Chinese Defence General Zhao Wenhua (left) yesterday in Phnom Penh.

Cambodia, which this year suspended major military drills with the United States for two years saying the armed forces were too busy, is prepared for defence exercises with the Chinese, Defence Minister Tea Banh told a military delegation from Beijing this week. Banh discussed military-to-military cooperation with the Chinese armed forces in a meeting with representatives of the Chinese National Defence University on Wednesday. “Cambodia is prepared to conduct other exercises with the Chinese People’s Liberation Army as well as preparing for the Chinese navy’s docking in Cambodia,” Banh told the delegation’s leader, Major General Zhao Wenhua, according to a press release. In January, Cambodia said it would suspend for two years the long-running annual “Angkor Sentinel” exercises with the US military.

CPP lawmaker steps in on suspect’s behalf

CPP lawmaker Bou Lam speaks to villagers on Wednesday about their petition to release an official accused of involvement in a Ratanakkiri prison break.

Cambodian People’s Party lawmaker Bou Lam said yesterday a senior Ratanakkiri prison guard who was accused of facilitating a prison break will soon be released from jail due to his intervention, but the province’s top judge said the lawmaker was confused. Kyal Pa Ngarng was charged on July 14 with helping five people escape from the provincial prison in May, where he had long served as the chief guard. He has since been kept in pre-trial detention in the prison of neighbouring Stung Treng province. Lam, the sole lawmaker for Ratanakkiri, said that he had called court President Sous La to intervene to secure his release after 100 of Pa Ngarng’s fellow ethnic Kreung had submitted a petition saying the decision to charge him over the escape was an error.

NEC officials tally votes during a recount last week in Phnom Penh.

Cambodia’s National Election Committee last week rejected 33 of 61 complaints filed over the conduct of June 4’s commune election, according to a s

People search for their names on the voter lists at a polling station in Kampong Cham’s Veal Vong commune earlier this month.

Four years ago, when the opposition snatched Kampong Cham away from the ruling party in 2013 national elections, it hinted at a deeper shift taking

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