PHNOM PENH -- Cambodia will boast one of the world's lowest tax rates for casinos under a new law that the government says will create a "safe and sound" sector and help attract greater investment.
The Law on the Management of Commercial Gambling, enacted last month, establishes a 97-article legal framework that includes tax rates and license requirements, as well as a new regulatory body to oversee the industry. The law replaces a patchwork of legislation and ad hoc agreements that have hitherto governed casinos in the country.
