Cambodia and Thailand have officially signed a double taxation agreement (DTA) that aims to encourage bilateral investment and strengthen economic ties by avoiding dual taxation. The agreement was signed yesterday in Phnom Penh during a state visit of Thai Prime Minister Prayut Chan-o-cha. The move follows Cambodia’s aggressive push to shield investors from being onerously taxed twice on multinational operations, and to improve compliance with Asean standards. In July, members of Cambodia’s General Department of Taxation (GDT) met in Bangkok with their Thai counterparts to hammer out the draft of agreement during a two-day consultation workshop. (Source: Phnom Penh Post)