Ministry of Economy and Finance

The National Assembly on Thursday passed an accounting and auditing law that aims to bring financial reporting procedures for the government, NGOs and the private sector in line with international standards. ...

The draft law to join the China-led Asian Infrastructure Investment Bank passed the National Assembly yesterday with lawmakers from both the ruling and opposition party supporting it, saying it will  open the door to a new source of funding for the development of the Kingdom’s ...

The government collected about $1.3 billion in tax revenue in 2015, a 21.67 percent increase over the previous year, according to a statement released by the Ministry of Economy and Finance’s general department of taxation on Monday. ...

The Cambodian government officially took charge of the ticket sales at the Angkor Archeological Park on January 1, after Prime Minster Hun Sen announced in November an end to the Sok Kong-owned Sokimex’s control of the service. ...

Two government-run emergency food assistance projects will be extended after evaluations found that they had significant impacts on reducing poverty in 200 communes in eight provinces, although the projects – which received financial support from developmental partners – have been completed, an official said yesterday. ...

The government will spend $62.3 million to buy 623 shares of the China-led Asian Infrastructure Investment Bank (AIIB), paving the way for it to obtain funds from the bank for infrastructure development, Minister of Economy and Finance Aun Porn Moniroth confirmed during a meeting at ...

A Finance Ministry official said on Sunday that the government had yet to decide whether it would comply with Asian Development Bank (ADB) rules that families facing eviction from along the country’s old railway tracks be offered resettlement options better than the ones they have ...

A newly-constructed two-storey building of Kampot provincial branch of the National Bank of Cambodia inaugurated this morning to welcome clients. ...

Cambodia and Russia will sign a package of six agreements between the two countries, including on investment, and money laundering cooperation among political parties. ...

Cambodia fared dismally in the 2014 budget transparency index compiled by the US-based International Budget Partnership, scoring only eight out of 100 and coming in near the bottom of the 102 countries surveyed, at 94. ...

Government spending on social welfare and economic development could both see double-digit growth next year, according to a document summarizing expenditures in next year’s budget that will be discussed at a Cabinet meeting chaired by Prime Minister Hun Sen today. ...

The General Department of Customs and Excise (GDCE) of the Ministry of Economy and Finance has collected around 4,649 billion Riel or some US$1.11 billion state revenue for the first nine months of 2015, according to the state news agency-AKP. ...

All tax registration and payments by companies has been centralized and the process streamlined this week by the General Department of Taxation (GDT), which also unveiled an online registration and payment system for companies here.  ...

The planned meeting of representatives from eight leading gas-station chains and government officials to discuss a formula for setting a range for retail gasoline prices was postponed yesterday until tomorrow, officials at the Commerce Ministry said. ...

Hoping to increase university students’ knowledge of Cambodia’s credit reporting system, the Credit Bureau of Cambodia (CBC) on Tuesday launched a series of workshops in Phnom Penh aimed at boosting financial literacy. ...

Prime Minister Hun Sen called for all gasoline local companies to cut their prices in line with falling world prices for oil. ...

Cambodia is still among the 10 most at-risk countries in the world for money laundering and terrorist financing, despite being one of two countries that saw the greatest improvements, according to an annual global index released Tuesday. ...

Cambodia is still among the 10 most at-risk countries in the world for money laundering and terrorist financing, despite being one of two countries that saw the greatest improvements, according to an annual global index released Tuesday. ...

Gaming tax revenue reached $12 million in the first six months of the year, a 20 percent increase over the first half of 2014, due to a greater number of Thai nationals crossing into Cambodia to gamble, a Finance Ministry official said Wednesday. ...

The Cabinet approved a Law on Accounting and Audits at a meeting Friday morning. ...

The Cambodia’s General Department of Taxation (GDT) reported Monday that it collected 707 million U.S. dollars in taxes during the first six months of this year, up 38.5 percent over the same period last year. ...

Sixty-seven CPP lawmakers on Monday approved the government’s revenues and expenditures from 2013 despite the protest of 43 opposition CNRP lawmakers, who said reported revenues were inordinately low and called on the government to carry out a transparent audit. ...

The European Union says the Cambodian government has agreed to the first part of a comprehensive plan they have been wrangling over for more than a year to properly compensate thousands of families that have lost land to sugarcane plantations. ...

Thailand and Cambodia are negotiating on the avoidance of double taxation for investors from each other’s side. Thai Ambassador to Phnom Penh Nuttavudh Photisaro told Radio Thailand reporters that if the negotiation is successful, it will save both Thai and Cambodian investors from paying taxes twice. ...