Government
Taxation
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
Fruit Trucks Block Road In Customs Fee Protest
About 30 truck drivers transporting fruit blocked National Road 5 in Banteay Meanchey province’s O’Chrou district for an hour yesterday after customs officials arrested six of their fellow drivers for refusing to pay fees they thought were unreasonable, drivers said. Nou Sal, 35, who transports ...
Hul Reaksmey
http://www.cambodiadaily.com/business/fruit-trucks-block-road-in-customs-fee-protest-40925/
Chamber wants new tax laws
The private sector has called on the government to review Cambodia’s taxation law, a statute that business leaders say is outdated and needs to change if Cambodia wants to continue to attract foreign investment. Led by Cambodia Chamber of Commerce (CCC) president Kith Meng, a delegation ...
http://www.phnompenhpost.com/business/chamber-wants-new-tax-laws
In Cambodia, Cyber Casinos Fall Into a Legal Gray Area
In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down. To the north, in ...
Cambodia collects 470 mln USD in tax in first half of 2013
Cambodia’s General Department of Taxation said Tuesday that it had collected 470 million U.S. dollars of tax in the first six months of this year, up 21 percent compared with the same period last year. The country earned the tax of 740 million U.S. dollars ...
http://news.xinhuanet.com/english/world/2013-07/09/c_132525765.htm
Gov’t revenues rise 11 pct
Government revenues totalled more than $700 million over the first four months of the year, an 11 per cent year-on-year increase, data from the Ministry of Economy and Finance (MEF) show. In total, the revenue made by the General Department of Taxation (GDT) rose by about ...
http://www.phnompenhpost.com/2013062166406/Business/gov-t-revenues-rise-11-pct.html
Tax collection in Cambodia up 24 pct in 5 months
Cambodia’s General Department of Taxation unveiled on Friday that the country collected 395 million U.S. dollars of tax in the first five months of this year, up 24 percent year on year. In May alone, the department collected 73 million U.S. dollars, up 4 percent ...
http://www.asean-china-center.org/english/2013-06/09/c_132443845.htm
Tax revenues increase by 22.9 per cent
The Kingdom’s tax revenues increased by more than 20 per cent in the first quarter of 2012 compared with the same period last year. Officials said the rise reflects an influx of new buinesses and investments. Opposition lawmakers, however, claim that the numbers are still far ...
http://www.phnompenhpost.com/2013041265054/Business/tax-revenues-increase-by-22-9-per-cent.html
Tax revenue sees a 27 per cent jump
The Kingdom’s tax revenue increased 27.85 per cent in the first two months compared to a year earlier, a figure the opposition party said is low due to corruption and tax cheats. According to the data from the General Department of Taxation (GDT), total tax revenue ...
http://www.phnompenhpost.com/2013032864735/Business/tax-revenue-sees-a-27-per-cent-jump.html
Cambodia collects 122 mln USD in tax in last two months
Cambodia’s General Department of Taxation said in a press release on Thursday that the country collected 122 million U.S. dollars of tax in the first two months in 2013, up 27 percent compared to the same period last year. In the whole year of 2012, ...
http://www.asean-china-center.org/english/2013-03/08/c_132218418.htm
Cambodia's tax revenue up 25 pct in 2012
The government of Cambodia has collected 740 million U.S. dollars of tax in 2012, a 25 percent rise year-on-year, the General Department of Taxation said Wednesday. The revenues have been collected from tax on profit, withholding tax, tax on salary, VAT (Value Added Tax), special tax ...
http://news.xinhuanet.com/english/business/2013-01/09/c_132091572.htm
Cambodia's tax revenue totals $683 million
The Cambodian government collected $683 million in taxes over the first 11 months of this year, according to data from the General Department of Taxation released last week. An economist said the increase in domestic tax revenue emphasised that Cambodia still has room for improvement in ...
http://www.phnompenhpost.com/index.php/2012121160203/Business/tax-revenue-totals-683-million.html
Tax revenue up from 2011
Cambodia collected $633 million in taxes over the first 10 months of this year, a 31 per cent rise from $483 million over the same period last year, according to the General Department of Taxation. However, an opposition watchdog claimed the amount is still far ...