After the European Commission (EU) gives Cambodia a month to respond, after the preliminary report on the suspension of the EBA on November 12, 2019, from 12 November to 12 December 2019 Prime Minister Hun Sen announces the suspension of the European Union's All-In-One Tax System (EBA) No more. Hun Sen made this statement on the occasion of handing over the diploma to nearly 7,000 CUS students at Diamond Island Convention and Exhibition Center this morning.
On November 12, 2019, the European Union (EU) issued a second statement, giving one month to the Cambodian government to respond to EU reports on rights issues. People and labor rights in this country.
According to the Law on the Preferential Taxation System of 25 October 2012 (Chapter 5), as well as detailed in the European Commission's decision and by the 28 August 2013 resolution, Cambodia is in the second phase, which is Response phase of EU report from 12 November to 12 December 2019.
Following Cambodia's response on December 12, the European Commission will decide in February 2020 whether to suspend Cambodia's preferential tax treatment. According to the EU's November 12 statement.
If the Commission decides not to suspend the preferential tax system, then the procedure must be concluded accordingly. If the Commission decides to suspend the tax-exempt system, the decision is not likely to take effect immediately.
According to the procedure set forth in the Law on the Establishment of the Tax System, if the European Parliament or the European Council decides not to object or cannot find a majority to challenge the European Commission's decision, the suspension of the preferential tax system will It is to take effect six months from the date the European Commission adopts a decision to suspend the tax system.
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