Manila, March 12 -- The tax treaty between the Philippines and Cambodia would benefit Filipino companies and workers operating in the Southeast Asian nation by preventing double taxation on their income, a Department of Finance (DOF) official said Thursday.

During a Senate Committee on Foreign Relations hearing, DOF Assistant Secretary Euvimil Nina Asuncion said the Double Taxation Avoidance Agreement (DTAA) would allow Filipinos and Philippine firms in Cambodia to avail of treaty benefits and avoid being taxed fully under Cambodian rules.

"The Philippine companies that are operating there are subject to the regular taxation that is imposed by the government of Cambodia. So, full taxation po sila (So they are fully taxed)," Asuncion tol...