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Phnom Penh's NagaWorld casino targeted in audit

geovalin
geovalin
in Cambodia News

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The government is conducting an audit of NagaWorld in Phnom Penh to assess its tax liabilities on non-gaming operations after finding “discrepancies” last year that prompted the first-ever government probe of the landmark casino and entertainment complex’s finances.

 

“The audit is ongoing and we have yet to finalise how much NagaWorld owes for their non-gaming operations,” said Ros Phirun, deputy director of the finance industry department at the Ministry of Economy and Finance (MEF). “The reason why we are doing this is because we found last year that they needed to pay more [in taxes].”

 

NagaCorp Ltd, the Cayman Island-registered company that owns NagaWorld, has bolstered its profits over the past 20 years on a highly favourable tax arrangement with the government.

 

read more http://www.phnompenhpost.com/business/phnom-penhs-nagaworld-casino-targeted-audit

 

 
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-- © Copyright Phenom Pen Post 30/09

ThaiVisa, c'est aussi en français

ThaiVisa, it's also in French

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