News
VAT implementation on cigarettes in Cambodia could save thousands of lives
The Cambodian government has implemented a value-added tax (VAT) on cigarettes to combat the health risks associated with smoking and tobacco products. Effective August 1, companies importing and distributing cigarettes in Cambodia must apply a flat rate of 10 percent VAT on all cigarette supplies. ...
Khmer Times Staff
https://www.khmertimeskh.com/501335644/vat-implementation-on-cigarettes-in-cambodia-could-save-thousands-of-lives/
Drink a beer to save the planet
As a way to possibly boost funding for environmental protection in the Kingdom, Prime Minister Hun Sen yesterday floated the idea of an extra tax on cigarettes and alcohol. Speaking at a forum on the protection and conservation of natural resources in Phnom Penh, the prime ...
Chea Vannak
http://www.khmertimeskh.com/news/28792/drink-a-beer-to-save-the-planet/
Korea trade nears $1 billion
Bilateral trade between Cambodia and South Korea nearly reached the $1 billion dollar realm in 2012, a hike of nearly 100 per cent from the year before, senior officials said yesterday. According to official data from the Korea Trade-Investment Promotion Agency, total bilateral trade between ...
http://www.phnompenhpost.com/business/korea-trade-nears-1-billion
Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
Goods smuggled en masse from Cambodia to HCMC
Various smuggled goods, mainly cigarettes, brandy and sugar, are being brought from Cambodia to Vietnam’s Long An and Tay Ninh Provinces before being transported to HCMC for sale, a Tuoi Tre investigation has found. On November 9, Tuoi Tre reporters pretending to be traders went to ...
Cambodian government considers raising duty tax on local cigarettes
A packet of local Cambodian ARA cigarettes costs 1400Riel, around £0.22. Government tobacco tax on local products is currently 10%. Smoking and drinking is endemic in the poor youth of Cambodia and tax hike is proposed to cut the addiction. Ayda Yurekli, an academic from the ...
Rampant Smuggling Hurts Cigarette Industry
An increase in the amount of cigarettes smuggled into Cambodia has forced the country’s largest cigarette manufacturer to scale down production by nearly half, leaving local tobacco farmers with little choice than to sell their crop at a reduced price to Vietnam. According to Tola Ponlu, ...
Cigarette Promoters to Lose Jobs After Tobacco Ad Ban
Cigarette promoters will have to stop work when a tobacco advertisement ban takes effect in late August, a health official said yesterday. A February sub-decree, which also bans advertising tobacco in the media and on billboards, states that the “promotion of tobacco products to customers ...