01918cas a2200265 a 4500 AALejournalIMF018352 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484347522 1018-5941 BD-DhAAL BD-DhAAL Ghazanchyan, Manuk. Tax Incentives in Cambodia / Manuk Ghazanchyan, Alexander Klemm, Yong Sarah Zhou. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Klemm, Alexander. Zhou, Yong Sarah. IMF Working Papers; Working Paper ; No. 2018/071 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/071/001.2018.issue-071-en.xml IMF e-Library