Cambodia will require tech companies without a physical presence in the country to pay a 10% value-added tax (VAT) on their sales of digital goods and services, making it the latest country in Southeast Asia to levy charges on recognizable firms like Google, Facebook, Netflix, and AliExpress. The new regulation specifies that foreign firms that facilitate their services over the internet and have an annual turnover exceeding $61,500, or which generate a turnover of more than $14,700 for three consecutive months per calendar year, are subject to the 10% VAT and must declare this status with Cambodia's tax authorities. Under the new tax code, B2C service providers based outside Cambodia should declare and pay the tax on behalf of their consumers. However, in the case of B2B services, the businesses in Cambodia that are being served will be responsible for paying the taxes on behalf of the foreign providers. But because it is up to the foreign firms to register the tax payment, it remains unclear how the process will be coordinated. (Source: Khmer Times)