US Tax Compliance Tightens for American Expatriates in Cambodia Amid FATCA Enforcement
Cambodia Investment ReviewKey Points: • Enhanced US-Cambodia Cooperation: The Foreign Account Tax Compliance Act (FATCA) strengthens tax compliance, making it harder for American expatriates in Cambodia to evade US taxes. • Mandatory Reporting by Financial Institutions: Cambodian banks and financial entities are required to report American account holders to the US, ensuring transparency and compliance. • Severe Consequences for Non-Compliance: Americans failing to adhere to tax filing requirements face hefty penalties, passport renewal issues, and legal repercussions.25 minutes ago | ភាសារខ្មែរOCIC & Google APAC Fuels Cambodian Tech Scene With AI Catalyst Initiative Through AI-Powered Innovation
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