Abstract:

Free areas are areas that remain outside the customs zone in terms of the implementation of the customs and Cambodian legislation, although within the political borders of a country. These regions mainly play an important role in the sustainable economic growth of developed and developing countries, such as increasing exports, facilitating foreign capital entry and increasing foreign currency reserves. The main reason for the firms to move to free areas is the tax benefits these areas have provided to firms. The purpose of this study is to examine the tax and other legal regulations made in relation to the free areas, following the "6772 Free Areas Act and the Law on Amendments to Certain Law and Regulations" published on 24 February 2017 and in the Official Gazette No. 29989.

Abstract:

Free zones are within the political borders of a country, but they are outside from the customs territory for the implementation of customs and foreign exchange legislation. These regions primarily play an important role in the sustainable economic growth of both developed countries and developing countries, such as increasing exports, facilitating foreign capital inflow and increasing foreign exchange reserves. The most important reason why firms move towards free zones is the tax advantages that these regions provide to companies. The aim of this study is to examine the tax law and other legal regulations regarding the free zones after the Law no. 6772 on Free Zones Law and some Laws and Decree Laws (Decree Law) published in the Official Gazette No. 29989 dated 24 February 2017.

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