Ministry of Economy and Finance

A total of 60,000 cubic meters of illegally-felled luxury timber confiscated by the National Anti-Deforestation Committee (NADC) sold at auction yesterday for $15 million, $3 million above the reserve price. Soung Meng Kea, chairman of the subcommittee running the auction and undersecretary of state at the ...

Tax revenue from Cambodia’s 69 licensed casinos reached $37.4 million for the first nine months of the year, growing 35.5 percent compared to the same period last year, according to a report from the Ministry of Economy and Finance. ...

An extensive tax treaty that would shield Chinese businesses operating in the Kingdom from double taxation, and vice versa, has been drafted and is expected to be approved imminently, according to a senior Cambodian tax official. ...

reah Sihanouk provincial authorities have ordered a casino that operated in Sihanoukville shut down after it failed to renew its operating licence, local media reported yesterday.​ ...

Three weeks since Prime Minister Hun Sen approved $27 million in emergency loans to prop up the struggling rice sector, the state-owned bank charged with disbursing the funds said yesterday that it has only granted $1 million in loans, claiming that the number of eligible ...

The 2018 national population census will be pushed back a year in order to focus on the 2018 national elections, the government announced on Friday. According to article 6 of the Statistics Law, the census must be conducted at least once every 10 years, with the ...

Prime Minister Hun Sen has quashed an attempt by the Ministry of Finance to collect back taxes owed on 470 police vehicles, granting them tax-exempt status after a request from the Ministry of Interior. The request, dated September 8, was approved on Tuesday. ...

In an effort to appease rice farmers and stimulate rice millers to purchase fragrant rice currently being harvested across the country, the government announced that it had found $27 million to pay for emergency measures. The Ministry of Economy and Finance released a statement on Friday ...

The Ministry of Economy and Finance finished month-long consultations with key ministries on Thursday in preparation for the drafting of Cambodia’s budget for 2017. ...

With less than three months to the rice harvesting season in November, panic has now set in among rice millers and producers who feel less confident as the days go by that they will be bailed out by government emergency loans ‒ to help them ...

The Ministry of Commerce and the Ministry of Economy and Finance’s general taxation department plan to jointly operate an online business tax registration system in a bid to strengthen tax collection in the country and root out corruption. Sok Sopheak, under-secretary of state of the Ministry ...

The Ministry of Economy and Finance on Monday sought to explain a recent hefty increase in taxes imposed on heavy transportation vehicles, saying it was prompted by a need to support infrastructure maintenance expenditures and cover the elimination of taxes on vehicles smaller than 150cc. ...

The owners of vehicles sporting police number plates must pay vehicle taxes by the end of the month or face having their vehicles impounded, according to the Ministry of Economy and Finance. In a letter to Interior Minister Sar Kheng, Economy and Finance Minister Aun Ponmoniroth ...

In the latest setback to its attempt to sell off millions of dollars worth of seized timber, the government canceled five days of negotiations with potential buyers scheduled for this week, an official said on Monday. ...

Representatives of Cambodia’s rice sector and the Ministry of Economy and Finance (MEF) met yesterday with the International Fund for Agricultural Development (IFAD) to discuss the implementation of a five-year program to promote the Kingdom’s agricultural products. ...

Banteay Meanchey provincial authorities have warned they will take legal action against those who continue to interfere in railway construction between Phsar Kandal commune and Poipet City by today’s deadline. ...

The government sold off more than 10,000 cubic meters of illegally logged wood in direct negotiations with private businessmen over the past two days, according to a Finance Ministry official, after abandoning efforts to auction it off due to a lack of interest. ...

The government has given up on trying to auction off the majority of 71,000 cubic meters of illegally logged timber seized by authorities earlier this year amid a persistent lack of interest from potential buyers. រដ្ឋាភិបាលបានបញ្ឈប់ការព្យាយាមលក់ដេញថ្លៃចំពោះឈើភាគច្រើននៃចំនួនសរុប ៧១ ០០០ ម៉ែត្រគូប ដែលបានមកពីការរឹបអូសដោយអាជ្ញាធរកាលពីដើមឆ្នាំនេះ ខណៈពេលដែលមានកង្វះខាតនៃចំណាប់អារម្មណ៍ពីអ្នកទិញ។  ...

Cambodia’s tax department collected $829 million in tax revenue during the first half of the year, 18 per cent more than during the same period a year earlier, led by surge in profit-tax revenue, according to government data released late on Tuesday.    ...

The Finance Ministry has rescheduled a trio of timber auctions that had been set to start today after a continued lack of interest from buyers, although bidding for a lot in Stung Treng province will go ahead on Wednesday as planned.   ...

In his speech to commemorate the 65th anniversary of the Customs and Excise Department, he said the proposal to privatize the collection of customs and excise duties was politically motivated to put pressure on the government.   ...

The Ministry of Economy and Finance announced on Monday that the government will block all illegal rice imports at its borders and limit legal rice shipments from Vietnam based on production cost. ...

Slashing unnecessary spending by ministries will allow the government to guarantee a monthly minimum wage of $250 for civil servants in time for the 2018 national election, a secretary of state at the Finance Ministry said on Tuesday.   ...

The government’s tax revenue collection rose to about 21.6 percent in the first five months of this year, compared with the same period last year, with some $708.2 million filling state coffers, according to the Ministry of Economy and Finance’s General Department of Taxation (GDT). ...