A delegation from the Department of Finance and the Bureau of Internal Revenue led by Finance Undersecretary Antonette Tionko met with the General Department of Taxation of the Ministry of Economy and Finance of the Kingdom of Cambodia, represented by Deputy Director General Bun Neary, to discuss and agree on the major provisions in the proposed double taxation agreement between the Philippines and Cambodia. After the meeting, the two parties signed the record of the developments they have agreed upon.
The two countries may soon reach an agreement, following the substantial progress made during this second round of negotiations held on 11 to 13 December 2019 in Siem Reap, Cambodia. The first round of negotiations was held in Manila last June 2018.