Government

Taxation

Tax hike cuts slaughterers’ profit

Almost 50 livestock slaughterers in Preah Vihear town yesterday protested a rise in taxes and fees they must to pay on their products. Pin Raksmey, chief of the committee at Kampong Pranak market, said that the problem was out of his hands. ...

Sen David
http://www.phnompenhpost.com/national/tax-hike-cuts-slaughterers%E2%80%99-profit

Food Vendors Feel the Bite of Soaring Inflation

Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...

Hul Reaksmey and Colin Meyn
http://www.cambodiadaily.com/news/food-vendors-feel-the-bite-of-soaring-inflation-50773/

Cambodia collects tax of 881 million USD in 2013

The kingdom’s General Department of Taxation had collected 881 million U.S. dollars of taxes in 2013, up 19 percent from 740 million U.S. dollars in a year earlier, a press release said Thursday. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/09/c_133031865.htm

ACU Charges Hotel Tax Collector in Siem Reap Province

The Anti-Corruption Unit (ACU) on Wednesday arrested a senior official from the Siem Reap provincial taxation branch and sent him to Phnom Penh to be placed in pretrial detention, officials said Thursday. Siem Reap Provincial Court president Duch Sok Sarin said that Liv Bunthan, the chief ...

Kuch Naren
http://www.cambodiadaily.com/news/acu-charges-hotel-tax-collector-in-siem-reap-province-49502/

Hun Sen’s Niece Opens Tax Consulting Firm

Local law and consulting firm HML, whose chairperson and founding partner is Hun Kimleng, a niece of Prime Minister Hun Sen and wife of National Police chief Neth Savoeun, has teamed up with Tokyo-based XAT Tax Corp. to form a consulting agency focused solely on ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/hun-sens-niece-opens-tax-consulting-firm-49420/

Illicit Trade Linked to $130M In Losses

A report released by a U.S. financial research firm today says that Cambodia lost an average of $133 million per year between 2002 and 2011 through crimes such as import and export tax evasion, illegal movements of money and smuggling. The report, released by Global Financial ...

Alex Willemyns
http://www.cambodiadaily.com/business/illicit-trade-linked-to-130m-in-losses-49163/

Taxi Drivers Block Checkpoint In Poipet to Protest New Tax

Taxi drivers staged a large protest Wednesday at a customs checkpoint in Poipet City over customs officials’ demands for what the protesters said was an exorbitant tax on a small load of goods. At the checkpoint Wednesday, more than 50 taxi drivers blocked the road for ...

Hul Reaksmey
http://www.cambodiadaily.com/news/taxi-drivers-block-checkpoint-in-poipet-to-protest-new-tax-49159/

Inflation Rate at 4.2% to October

Cambodia’s inflation rate increased by 4.2 percent in the 12-month period to October, with food prices accounting for more than half of the rate, according to data released Monday by the National Institute of Statistics. The monthly inflation rate grew from 3.4 percent in August to ...

Hul Reaksmey
http://www.cambodiadaily.com/business/inflation-rate-at-4-2-to-october-48977/

Official Charged With Misappropriating Funds

The deputy director of the Preah Sihanouk provincial tax branch who was arrested for corruption last week was on Friday charged with the misappropriation of public funds, an official confirmed Sunday. Phy Rith, who was arrested by the Anti-Corruption Unit (ACU) on Wednesday, was charged by ...

Eang Mengleng
http://www.cambodiadaily.com/news/official-charged-with-misappropriating-funds-48332/

Investment law change-up

Following the announcement of recent reforms to Cambodia’s customs department and Commerce Ministry, a revision of the country’s investment law is planned for next year, according to the secretary-general of the Council for the Development of Cambodia (CDC). Speaking to reporters at a workshop at the ...

Hor Kimsay
http://www.phnompenhpost.com/business/investment-law-change

Higher tax, healthier kids: study

A World Bank report highlighting the rate of Cambodian children exposed to second-hand cigarette smoke has bolstered calls to increase tobacco taxes threefold. The World Bank report, which was released on November 20 and titled Risking Your Health, claims nearly 50 per cent of all Cambodians under ...

Eddie Morton
http://www.phnompenhpost.com/national/higher-tax-healthier-kids-study

Gov’t pledges to cut red tape

In a bid to make Cambodia more business-friendly, the government will cut back on red tape and reduce industry membership costs, Sun Chanthol, the new minister of commerce, said yesterday. Speaking to representatives from the private sector at a conference at the InterContinental Hotel in Phnom ...

Hor Kimsay
http://www.phnompenhpost.com/business/gov%E2%80%99t-pledges-cut-red-tape

Food-price hike hits workers

The price of food spiked this month, and Cambodia’s low-paid garment workers are feeling the effects. Meat, vegetables, toothbrushes, beauty accessories and even the plastic bags they get packed in have all seen a sharp bump up in price this month, some items by as much ...

Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/food-price-hike-hits-workers

Customs' taxing dilemma

Average Cambodians are to pay the price for stamping out corruption in the customs department. Prices for basic goods, such as food and clothing, rose recently after the department was ordered last week to clean up its act and apply the official tax rate, importers told ...

Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/customs-taxing-dilemma

Cambodia's customs officials urge importers to pay "tax fees, not pay bribe"

Cambodia’s customs officials on Wednesday called on all importers to pay”tax fees as stated by law, not pay bribe”to customs officers. The appeal came after some Chinese importers have complained that Cambodian customs officers have increased tariffs for their imported products, or not allowed their ...

Asean-China-Center News Staff
http://www.asean-china-center.org/english/2013-11/14/c_132886796.htm

One-Party Parliament Effortlessly Passes $3.56 Billion Budget

Sixty-six National Assembly members of the ruling CPP on Tuesday unanimously approved Cambodia’s $3.56 billion draft budget for 2014 without debate and without even the hint of an opposition, whose 55 lawmakers-elect are boycotting parliament in protest over July’s still-disputed national election result. The ruling party ...

Hul Reaksmey
http://www.cambodiadaily.com/news/one-party-parliament-effortlessly-passes-3-56-billion-budget-46913/

Government Expects 14.5 Percent Rise in State Revenue

The government plans to raise $3.51 billion in state revenue in 2014 in order to finance a $3.4 billion draft budget, an increase of about 14.5 percent compared to the previous year, when the government raised $2.98 billion in revenue, according to a draft of ...

Hul Reaksmey
http://www.cambodiadaily.com/news/government-expects-14-5-percent-rise-in-state-revenue-46807/

New fees, political crisis mean fewer businesses

The number of new businesses registering in Cambodia continued to plummet through the third quarter of this year amid tightened rules for start-ups and waning investor confidence following the still-unresolved national elections. Data from the Ministry of Commerce yesterday showed that 853 new businesses registered with ...

May Kunmakara
http://www.phnompenhpost.com/business/new-fees-political-crisis-mean-fewer-businesses

Cambodia’s tax revenue still on rise

In the first nine months of the year, Cambodia’s tax revenue increased more than 17.3 per cent from the corresponding period in 2012, data from the General Department of Taxation show. Total tax revenue rose to $678.1 million from $578 million. ...

May Kunmakara
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-tax-revenue-still-rise

Tax reform looms large for new government

Cambodia’s General Department of Taxation has laid out a series of reforms it says are needed as the 2015 deadline looms for the Asean Economic Community, a single market for trade and development. Strengthening tax collection to increase revenue while nurturing an attractive investment climate is ...

Daniel de Carteret
http://www.phnompenhpost.com/business/tax-reform-looms-large-new-government

Cambodia's tax revenue up 17 pct in 8 months of 2013

Cambodia’s General Department of Taxation said Monday it had collected 606 million U.S. dollars of tax [sic] in the first eight months of the year, up 17 percent compared with the same period last year. The revenue came from tax on profit, withholding tax, tax on ...

Asean-China Center News Staff
http://www.asean-china-center.org/english/2013-09/10/c_132708061.htm

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