Cambodia and South Korea have agreed to strengthen cooperation on the exchange of tax information to combat cross-border tax evasion and financial crimes.
Cambodia and South Korea signed a Memorandum of Understanding (MoU) on the exchange of information for tax purposes during the 5th Korea-Cambodia Commissioners of Taxation Meeting in Phnom Penh.
This announcement was made on 12 March 2026.
The MoU establishes a framework for timely and secure sharing of tax-related information between the General Department of Taxation of Cambodia and the National Tax Service of South Korea. It aims to support the detection and prevention of offshore tax evasion, money laundering, and other financial crimes, while promoting transparency and long-term institutional cooperation.
The agreement complements the existing Cambodia–South Korea Income Tax Treaty (2019), which currently does not cover assistance in tax collection. Cambodia has also not yet signed the OECD Automatic Exchange of Financial Account Information Agreement (2014).
Officials from both administrations discussed best practices in tax administration, including the use of information technology systems, investigation of tax offenses, and compliance management for specific industries. The exchange of experience will help Cambodia improve its tax collection efficiency and align with international standards.
HE Kong Vibol, Director General of the General Department of Taxation, expressed gratitude to the Korean delegation and reaffirmed Cambodia’s commitment to deepening cooperation in tax matters.
