Ministries and other national bodies
Ministry of Economy and Finance
Tax income collection accounts for 44% of yearly plan as of April
The General Department of Taxation (GDT) at the Ministry of Economy and Finance collected almost $ 1.6 billion as tax income in the first four months of this year, accounting for 44 percent of the yearly target. ...
Khmer Times Staff
https://www.khmertimeskh.com/501293298/tax-income-collection-accounts-for-44-of-yearly-plan-as-of-april/
GDT allows taxpayers to adjust annual tax online
The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has issued an instruction on procedures to enable taxpayers who are owners of registered businesses to make online adjustments of their online filing on annual tax on income (ToI E-Filing), a ...
Kang Sothear
https://www.khmertimeskh.com/501290817/gdt-allows-taxpayers-to-adjust-annual-tax-online/
MEF, ABA Bank partner to develop digital economy and fintech
The Ministry of Economy and Finance (MEF) and Canada-headquartered ABA Bank signed a Memorandum of Understanding (MoU) today to collaborate within the framework of digital economy and financial technology development in Cambodia. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-mef-aba-bank-partner-to-develop-digital-economy-and-fintech
Guidelines issued to stabilize construction and retail sector
Due to the slower global economic recovery and conflicts between Russia and Ukraine, the government has issued guidelines aimed at maintaining the stability of the construction and real estate sector, considered a priority sector to support overall economic growth in Cambodia. ...
Mao Sreypich
https://kiripost.com/stories/cambodia-guidelines-issued-to-stabilize-construction-and-retail-sector
Gov’t discusses new strategies to attract investment
The Ministry of Economy and Finance (MEF), in collaboration with the World Bank (WB), yesterday held a sector policy dialogue to discuss new strategies with development partners and other government officials from different ministries and institutions to boost investment while considering the scope of regional ...
Kang Sothear
https://www.khmertimeskh.com/501269338/govt-discusses-new-strategies-to-attract-investment/
Pornmoniroth meets with new Australian ambassador for talks
Minister of Economy and Finance Aun Pornmoniroth thanked the Australian government and people for continuing to provide grants and technical assistance as well as supporting human resource development for the Cambodian government and the people of Cambodia. ...
Sok Raksa
https://www.phnompenhpost.com/national/pornmoniroth-meets-new-australian-ambassador-talks
Minister of Economy supports increase in EVs to reduce carbon emissions
Deputy Prime Minister Aun Pornmoniroth, Minister of Economy and Finance, expressed his support for the increased use of electric vehicles in Cambodia and urged measures to promote use of EVs in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501240848/minister-of-economy-supports-increase-in-evs-to-reduce-carbon-emissions/
Cambodia collects $300 million as tax income in January 2023
The General Department of Taxation (GDT) of the Ministry of Economy and Finance collected some $300 million as tax income in the first month of 2023, up 4.29 percent compared to that of December 2022. ...
Khmer Times Staff
https://www.khmertimeskh.com/501240951/cambodia-collects-300-million-as-tax-income-in-january-2023/
Pornmoniroth stresses economic growth, living standards
To enhance competitiveness, economic growth and Cambodian living standards, Minister of Economy and Finance (MEF) Aun Pornmoniroth shared inputs and issued directions to promote public work and the transportation sector at the result summary and work direction conference of the Ministry of Public Work and ...
Hong Sovannary
https://www.khmertimeskh.com/501240201/pornmoniroth-stresses-economic-growth-living-standards/
Finance ministry unveils 2030-vision toolkit
The Ministry of Economy and Finance on February 15 published a document establishing a series of internal goals, objectives, approaches and actions with a vision to 2030, to better align with the Royal Government of Cambodia’s (RGC) policies and strategies. ...
Hin Pisei
https://www.phnompenhpost.com/business/finance-ministry-unveils-2030-vision-toolkit
Gov’t to launch informal economic policy this year
The Royal Government of Cambodia (RGC) is set to prepare and launch the informal economy policy before the end of 2023 to develop and upgrade the informal sector in a management system under the formal economy, said a top official of the Ministry of Economy ...
Kang Sothear
https://www.khmertimeskh.com/501230999/govt-to-launch-informal-economic-policy-this-year/
GDT changes VAT rules for e-commerce transactions for taxable persons who are non-resident taxpayers
The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has changed its instruction on implementing the value-added tax (VAT) on e-commerce transactions ...
Kang Sothear
https://www.khmertimeskh.com/501229020/gdt-changes-vat-rules-for-e-commerce-transactions/
Gov’t lowers 2023 growth forecast from 6.6% to 5.6%
The government has revised down its 2023 growth forecast for the Cambodian economy to 5.6 per cent versus the 6.6 per cent it put forth in October, citing uncertainty about global economic growth tied to the Ukraine conflict, climate change and the Covid-19 crisis. ...
Hin Pisei
https://www.phnompenhpost.com/national/govt-lowers-2023-growth-forecast-66-56
$2M allotted for 68km Siem Reap-Oddar Meanchey road
The Ministry of Economy and Finance has earmarked about $2 million to improve a 68km road from Siem Reap to Oddar Meanchey provinces to make travel easier and cut down delivery times of agricultural products. ...
Sem Pisei
https://www.phnompenhpost.com/national/2m-allotted-68km-siem-reap-oddar-meanchey-road
Cambodia’s total trade up 9% to $52 billion in 2022
Cambodia’s international trade in 2022 totalled more than $52 billion, a 9.2 percent year-on-year increase, while Cambodia’s exports jumped more than 16 percent. ...
Chea Vanyuth
https://www.khmertimeskh.com/501217283/cambodias-total-trade-up-9-to-52-billion-in-2022/
Cambodia reports $6.6M budget surplus in 11 months
The Royal Government of Cambodia has collected 22,302 billion riels or $5.44 billion as the total national revenue in the first 11 months of 2022, while the total national expenditures reached 22,275 billion riels or $5.43 billion, resulting in 27 billion riels or $6.6 million ...
Kang Sothear
https://www.khmertimeskh.com/501214805/cambodia-reports-6-6m-budget-surplus-in-11-months/
Business credit guarantee plan remains in place
The finance ministry has authorised the extension of the Credit Guarantee Corporation of Cambodia Plc’s (CGCC) $200 million Business Recovery Guarantee Scheme (BRGS) beyond December 31, 2022, until all funds have been utilised, according to the CGCC. ...
May Kunmakara
https://www.phnompenhpost.com/business/business-credit-guarantee-plan-remains-place
9 ministries, institutions included in National Single Window 3
The steering committee of the Cambodia National Single Window (CNSW) on Tuesday officially launched the implementation of the system for the third phase, said a press release by the CNSW. Nine ministries and several institutions of the Royal Government of Cambodia were included in the ...
Kang Sothear
https://www.khmertimeskh.com/501214072/9-ministries-institutions-included-in-national-single-window-3/
$10m fund to buy rice from struggling farmers
The Ministry of Economy and Finance has pledged to provide another $10 million in addition to a $83 million fund to purchase rice from farmers at a reasonable cost amid low prices to avoid selling to crooked dealers. ...
Meas Molika
https://kiripost.com/stories/10m-fund-to-buy-rice-from-struggling-farmers
Tax revenue passes target amid money laundering cases
The General Department of Taxation (GTD) of the Ministry of Economy and Finance (MEF) has collected more than $2.94 billion of tax revenue for the period of first 10 months this year, which passes the amount set in the budget law 2022 and increases 26.96 ...
Kang Sothear
https://www.khmertimeskh.com/501186161/tax-revenue-passes-target-amid-money-laundering-cases/