Government

Taxation

Cambodia earns 532 mln USD tax revenue in H1

Cambodia collected 532 million U.S. dollars in tax revenue during the first half of 2014, up 13 percent over the same period last year, said a news statement released by the General Department of Taxation on Wednesday. The revenue came from an increase in income taxes, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-07/23/c_133505529.htm

More work needed at the tax dept, JICA says

The General Tax Department of Cambodia (GTD) needs to improve a number of administration processes to enhance revenue collection and make a greater contribution to the economy, a recent study released yesterday by Japan International Cooperation Agency (JICA) reveals. According to data from GTD, Cambodia ...

Hor Kimsay
http://www.phnompenhpost.com/business/more-work-needed-tax-dept-jica-says

Vendors with a licence to forge

On the side of a well-trafficked street in Phnom Penh’s Daun Penh district, a man with a razor blade bends over a small rectangle of sheet metal overlaid with a vinyl stencil. As letters and numbers are lifted away, the plate begins to take on a ...

Buth Reaksmey Kongkea
http://www.phnompenhpost.com/national/vendors-licence-forge

Tax revenue rises but at slower pace

The government’s tax revenue increased for the first five months of the year, but despite recent reforms, the growth rate is at a slower pace than for the corresponding period last year. According to data from General Department of Taxation (GDT) released on Wednesday, the state ...

May Kunmakara
http://www.phnompenhpost.com/business/tax-revenue-rises-slower-pace

Cambodia's tax revenue up 12 pct in first 5 months

Cambodia collected 444 million U. S. dollars in tax revenue during the first five months of the year, up 12 percent over the same period last year, said a press statement released by the General Department of Taxation on Wednesday. In May alone, the department ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-06/04/c_133384006.htm

Cambodia’s tobacco tax to go up, slightly

In less than two months, smokers indulging in Cambodia’s inexpensive cigarettes will have to reach a little deeper into their wallets. Starting in July, the tax on cigarettes will jump from 20 per cent to 30 per cent of the retail price, with a tax base ...

Sen David
http://www.phnompenhpost.com/national/cambodia%E2%80%99s-tobacco-tax-go-slightly

Government spending, foreign aid up in 2013

Government spending increased 32 per cent last year, while increases in both domestic revenue and foreign aid helped stabilise Cambodia’s budget deficit, according to budget statements from the Ministry of Economy and Finance (MEF). The consolidated financial records, which were released on May 8, show Cambodia’s ...

Eddie Morton
http://www.phnompenhpost.com/business/government-spending-foreign-aid-2013

Customs agreement gets green light at NA

The National Assembly approved changes to the country’s customs law yesterday, in order to comply with Association of Southeast Asian Nations intergration standards. The changes demand border operations increase human resources, reduce paperwork and modernise procedures in order to simplify border exchange and facilitate trade between ...

May Kunmakara
http://www.phnompenhpost.com/business/customs-agreement-gets-green-light-na

For Union Leader on Run, Militant Attitude Prevails

Tax revenue increased 9.5 percent to $353.46 million in the first quarter of the year, compared to the same period last year, according to a statement released Friday by the Ministry of Finance’s general department of taxation. Kong Vibol, general director of the taxation department, said ...

Hul Reaksmey
http://www.cambodiadaily.com/business/tax-revenue-up-9-5-percent-in-first-quarter-58489/

Acleda takes on tax collection role

Taxpayers are now able to pay their dues at Acleda Bank as the government seeks to outsource its tax revenue collection to the private sector, the head of Cambodia’s largest bank said yesterday. In Channy, president and CEO of Acleda bank, told the Post that the ...

Hor Kimsay and Daniel de Carteret
http://www.phnompenhpost.com/business/acleda-takes-tax-collection-role

Government audit five years late, lacking

More than five years after the close of the 2008 fiscal year, the National Audit Authority (NAA) on Thursday released its audit into the government’s financial management in 2008. The 38-page report is only the third such audit carried out since the department opened in 2000 ...

Hul Reaksmey
http://www.cambodiadaily.com/news/government-audit-five-years-late-lacking-57355/

Tax dept can’t do job, report says

Cambodia’s tax department is under-resourced and understaffed, thereby hindering its ability to generate revenue, according to an Asian Development Bank (ADB) analysis released earlier this month. The analysis, which took into account survey results from 22 tax revenue bodies across Asia between 2012 and 2013, paints ...

Eddie Morton
http://www.phnompenhpost.com/business/tax-dept-can%E2%80%99t-do-job-report-says

In effeminate tones, Hun Sen lampoons opposition politicians

Prime Minister Hun Sen used the opening ceremony of a dam in Pursat province Thursday to act out a scene of biting political satire by pouring scorn on promises from the opposition CNRP to simultaneously reduce food prices in markets, while increasing prices paid to ...

Khuon Narim
http://www.cambodiadaily.com/news/in-effeminate-tones-hun-sen-lampoons-opposition-politicians-55131/

Logging firm fails again to notify and pay taxes

Logging by Vietnamese-owned concessionaire Company 72 has once again spilled the boundaries of its land in Ratanakkiri’s O’Yadav district, this time without paying proper taxes to the Forestry Administration (FA), local forest conservation activist Romas Svang said yesterday. ...

Sen David
http://www.phnompenhpost.com/national/logging-firm-fails-again-notify-and-pay-taxes

New rules for taxmen

Following an order from Prime Minister Hun Sen last month to crack down on intimidation and harassment by tax collectors in local markets, City Hall pledged to take legal action yesterday. Phnom Penh governor Pa Socheatvong told municipal and provincial governors that fines for rogue collectors ...

Vong Sokheng
http://www.phnompenhpost.com/national/new-rules-taxmen

Rein in market thuggery: PM

Prime Minister Hun Sen yesterday took a stand against intimidation and harassment at markets, ordering municipal and provincial governors to crack down on aggressive fee collectors they employ. Speaking at a graduation ceremony at the capital’s Royal School of Administration, Hun Sen distanced himself from what ...

Vong Sokheng
http://www.phnompenhpost.com/national/rein-market-thuggery-pm

Tourism revenues increase but taxes remain flat

Overall revenue from Cambodia’s booming tourism sector reached $2.5 billion last year, according to Tourism Minister Thong Khon. Khon said in an interview on Tuesday that the figure, which does not reflect the amount the state collected in taxes on the sector, marked a 15 per ...

Chan Muy Hong
http://www.phnompenhpost.com/business/tourism-revenues-increase-taxes-remain-flat

Warrant for missing tax man

The Anti-Corruption Unit on Monday ordered the arrest and imprisonment of a former Preah Vihear province tax official who was convicted in absentia in December and sentenced to three years in prison for exploiting his position for personal gain. According to the ACU’s announcement, former provincial ...

Chhay Channyda
http://www.phnompenhpost.com/national/warrant-missing-tax-man

Government’s tax collection up to USD66 millions in January

The government collected USD 66. 4 million from taxation in January, up 14.5% from the same period last year, according to a statement released by the Taxation department. In 2014, tax revenue has been going up in all sectors of which financial service 27.6%, import-export ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=NjAwNTU2ZjViNDB

Moc Bai Border Gate Economic Zone

Moc Bai Border Gate Economic Zone is located on the Trans-Asia Road that starts from Myanmar, goes to Thailand, Cambodia, Laos and Vietnam and ends at Quangxi, China. It was built with three border gates on an area of 21,283ha, covering the communes of Long Thuan, ...

Vietnamnet News Staff
http://english.vietnamnet.vn/fms/business/92035/moc-bai-border-gate-economic-zone.html

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