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Universities told not to tax scholarships


geovalin

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Cambodia’s higher education institutions have been warned not to charge students a 20 per cent “tax” on scholarships.

The warning came in a statement from the General Department of Taxation posted on the Ministry of Education, Youth and Sport’s Facebook page yesterday in response to a June 11 letter from the International University revealing the practice posted on the institution’s Facebook page.

The annual “profit tax is the direct burden of the university or private educational institutions. It’s not the burden of the students,” the department statement said.

read more http://www.phnompenhpost.com/national/universities-told-not-tax-scholarships

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