Cambodia collects $2.95 billion as fiscal revenue in first half of 2020
The Royal Government of Cambodia collected $2,956 billion as revenue from all sources of taxes, a slight decrease of 0.7 percent compared to the same period last year. ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50746069/cambodia-collects-2-95-billion-as-fiscal-revenue-in-first-half-of-2020/
Tax collection ‘strong’
The government’s tax collection remains strong even during the COVID-19 pandemic, reaching more than $2.25 billion in the first nine months of this year, according to a report by the General Department of Taxation (GDT). ...
Sorn Sarath
https://www.khmertimeskh.com/50772989/tax-collection-strong/
GDT terminates the E-VAT Refund System
General Department of Taxation (GDT) has announced to the taxpayers that it has terminated the electronic value added tax refund system (E-VAT Refund System), replacing it with the electronic filing system (E-Filing System), according to the GDT’s announcement. ...
Sok Chan
https://www.khmertimeskh.com/50792276/gdt-terminates-the-e-vat-refund-system/
UK grants GSP status to Cambodia effective 2021
Cambodia’s exports see new light with the granted duty-free and quota-free access to the markets in the United Kingdom, commencing 2021. Sok Sopheak, Secretary of State at the Ministry of Commerce shared that Cambodia will discuss with the UK counterpart on the import and export ...
Lim Nary/AKP
https://www.khmertimeskh.com/50791084/uk-grants-gsp-status-to-cambodia-effective-2021/
Announcement: GMAC's notice on expiration of US GSP program to all travel goods factories in Cambodia
On 06 January 2021, Garment Manufacturers Association in Cambodia (GMAC) issued an announcement noticing the expiration of the US GSP program to all travel goods factories in Cambodia. The notice is given that the US GSP Program expired on 31 December 2020 due to delayed adoption ...
Garment Manufacturers Association in Cambodia (GMAC)
Despite COVID-19 pandemic, Cambodia’s tax revenue continues to rise, touching $5.3 billion
The Royal Government of Cambodia collected $5.3 billion as tax and customs revenues in 2020, although the Kingdom’s economy is being hit by the COVID-19 crisis. ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50798745/despite-covid-19-pandemic-cambodias-tax-revenue-continues-to-rise-touching-5-3-billion/
Tariffs anew for exports to US as GSP lapses
Cambodian importers and buyers of the Kingdom’s travel goods to the US are now required to pay import duties as the latter’s Generalised System of Preferences (GSP) preferential tariff system expired on December 31 and is awaiting renewal by Congress. ...
May Kunmakara
https://www.phnompenhpost.com/business/tariffs-anew-exports-us-gsp-lapses
Tax inspections on vehicles to begin in early February
Tax officials in collaboration with sub-national authorities will begin tax inspections on all means of transportation and vehicles for 2020 throughout the country by early next month. ...
Mom Kunthear
https://www.phnompenhpost.com/national/tax-inspections-vehicles-begin-early-february
Tax collection near $3B in 2020
The Minister of Economy and Finance’s General Department of Taxation (GDT) collected 11.70052 trillion riel ($2.87 billion) in tax revenue last year, up 423.20 billion riel or 3.73 per cent compared to 2019, it said in a January 11 press release. ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-collection-near-3b-2020
Property tax app: Convenience, transparency and efficiencies
The General Department of Taxation (GDT) has announced that payment of property tax is now possible via mobile phone through the “GDT Taxpayer App”. The announcement was issued on March 11 and signed by Kong Vibol, minister attached to the Prime Minister and director-general of ...
Sok Chan
https://www.khmertimeskh.com/50824752/property-tax-app-convenience-transparency-and-efficiencies/
GDT firm on March 31 tax deadline
General Department of Taxation (GDT) director-general Kong Vibol refused to budge on a March 31 deadline to file tax on income (ToI) for fiscal year 2020 despite the economic pressure on the business community caused by the Covid-19 pandemic. ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-firm-march-31-tax-deadline
Taxpayers still able pay online during lockdown
The General Department of Taxation (GDT) has advised taxpayers and tax service agencies located in lockdown-restricted areas to electronically file income tax returns and avoid the risk of spreading the novel coronavirus. ...
Hin Pisei
https://www.phnompenhpost.com/business/taxpayers-still-able-pay-online-during-lockdown
Cambodia Post Bank authorised to collect taxes
Cambodia Post Bank Plc achieved another significant milestone on Monday after the General Department of Taxation of Cambodia allowed the financial institution to collect taxes. ...
Post Staff
https://www.phnompenhpost.com/business/cambodia-post-bank-authorised-collect-taxes
Use of tax e-filing system mandated from March onwards
All taxpayers in the self-assessment tax bracket have been instructed to submit their annual income tax via electronic filing (ToI E-Filing) from next month on, according to an announcement by the General Department of Taxation (GDT). ...
Sok Chan
https://www.khmertimeskh.com/50817426/use-of-tax-e-filing-system-mandated-from-march-onwards/
Tax official defogs capital gains
A General Department of Taxation (GDT) official on February 22 listed some of the assets that would be exempt from capital gains tax once it comes into force in January 1, 2022 and shed light on some of the finer subtleties of the tax. ...
Thou Vireak
https://www.phnompenhpost.com/business/tax-official-defogs-capital-gains
$217 million collected through tax in January: PM
The General Department of Taxation (GDT) of Ministry of Economy and Finance earned 879 billion riels (approximately $217 million) from tax income in January this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/50814324/217-million-collected-through-tax-in-january-pm/
Ministry of Tourism doubles down on reminders of safety measures for adventure tourists
The potential adventure tourism in Cambodia has been observed to be rising. The country’s mostly virgin landscapes are a honeypot for the more adventurous of tourists who long to strip off city routine for the crisp fresh air of the wild forests, mountains, and plains ...
Khmer Times Staff
https://www.khmertimeskh.com/50899225/ministry-of-tourism-doubles-down-on-reminders-of-safety-measures-for-adventure-tourists/
Road tax can now be paid through GDT app
Vehicle owners can now pay road tax on their mobile devices through the GDT Taxpayer App, after the latest update, according to the Ministry of Economy and Finance’s General Department of Taxation (GDT) on July 30. ...
Thou Vireak
https://phnompenhpost.com/business/road-tax-can-now-be-paid-through-gdt-app
Chilli exports up nearly 50%
Cambodia exported 67,547.34 tonnes of chillies in the first seven months of 2021, an increase of nearly 50 per cent year-on-year, according to the General Directorate of Agriculture. ...
Hin Pisei
https://phnompenhpost.com/business/chilli-exports-nearly-50
Environment ministry talks green building certifications
The Ministry of Environment is discussing the first draft of their green building guidelines and certification in Cambodia. ...
Voun Dara
https://www.phnompenhpost.com/national/environment-ministry-talks-green-building-certifications