Another big tax bill headed NagaCorp’s way

Date

July 14, 2017

Author

none

Source

Asia Gaming Brief

Region


Subject

Cambodia

URL

http://agbrief.com/news/another-big-tax-bill-headed-nagacorp%E2%80%99s-way

NagaWorld will be subject to an additional tax bill on its non-gaming operations, similar to the $16.6 million tax that was imposed last year. Ros Phirun, deputy director-general of the Finance Industry Department was quoted as saying that the operator will need to pay at least $16 million on their non-gaming operations “from now on and for every year”… NagaCorp posted a boost in net profit for the half year ended June 30, 2017 of US$150.6 million, a 20 percent year-on-year growth compared to 16H1.