Government

Taxation

Tax revenue passes target amid money laundering cases

The General Department of Taxation (GTD) of the Ministry of Economy and Finance (MEF) has collected more than $2.94 billion of tax revenue for the period of first 10 months this year, which passes the amount set in the budget law 2022 and increases 26.96 ...

Kang Sothear
https://www.khmertimeskh.com/501186161/tax-revenue-passes-target-amid-money-laundering-cases/

Tax chief vows reforms to meet 2023 revenue goal

The General Department of Taxation (GDT) will make further reforms and upgrade the technology used in tax processes to make things easier for taxpayers and ensure the achievement of the 2023 revenue collection target of $3.57170 billion, or 14.46539 trillion riel, according to director-general Kong ...

May Kunmakara
https://www.phnompenhpost.com/business/tax-chief-vows-reforms-meet-2023-revenue-goal

Follow NBC official exchange rate, taxpayers told

The General Department of Tax (GDT) of the Ministry of Economy and Finance has asked tax payers to follow the official exchange rate issued by National Bank of Cambodia (NBC), in a move to strengthen tax collection efficiency. ...

Khmer Times Staff
https://www.khmertimeskh.com/501177006/follow-nbc-official-exchange-rate-taxpayers-told/

Survey finds VAT issues as major concern

The Majority of participants in a survey conducted by the European Chamber of Commerce in Cambodia (EuroCham) have reported that they experienced issues with regard to Value Added Tax (VAT) that included non-issuance of refunds. ...

Manoj Mathew
https://www.khmertimeskh.com/501175671/survey-finds-vat-issues-as-major-concern/

GDT’s tax collection target for 2023 up by $750M

The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...

Manoj Mathew
https://www.khmertimeskh.com/501175487/gdts-tax-collection-target-for-2023-up-by-750m/

GDT’s tax collection target for 2023 up by $750M

The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...

Manoj Mathew
https://www.khmertimeskh.com/501175487/gdts-tax-collection-target-for-2023-up-by-750m/

GDT revenues 96% of full-year goal

The General Department of Taxation (GDT) announced that it collected $2.69338 billion in tax revenues in the first nine months, equivalent to 95.53 per cent of the full-year target for 2022. This leaves just three months to reach the prescribed 11.419 trillion riel ($2.820 billion). ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-revenues-96-full-year-goal

$20M collected as deadline looms for right-hand-drive tax payments

The General Department of Customs and Excise of Cambodia (GDCE) has collected $19.73 million in levies on previously-untaxed right-hand-drive (RHD) vehicles in the 90 days to October 4, in Phase II of its campaign to get owners of such vehicles to comply with their tax ...

Hin Pisei
https://www.phnompenhpost.com/business/20m-collected-deadline-looms-right-hand-drive-tax-payments

Tax revenue rises to $2.02 billion in nine months

The General Department of Customs and Excise (GDCE) collected $2.02 billion in tax income in the January-September period of this year, a 19 percent increase compared to the same period last year. ...

Chea Vanyuth
https://www.khmertimeskh.com/501163250/tax-revenue-rises-to-2-02-billion-in-nine-months/

Income tax revenue hits $250m a month

Cambodia’s income tax revenue has grown to $250 million a month as the private sector continues to grow, according to Prime Minister Hun Sen. ...

Chhorn Raksmey
https://kiripost.com/stories/income-tax-revenue-hits-250m-a-month

GDT collects $2,680 million in tax income as of Sept

The General Department of Taxation (GDT) has collected $2,680 million in tax income in three quarters of this year, representing 95 percent of the national budget plan 2022. ...

Chea Vanyuth
https://www.khmertimeskh.com/501159641/gdt-collects-2680-million-in-tax-income-as-of-sept/

Tax Law slated to be passed by end of year

A new law on taxation that has been in draft for seven years is expected to be approved by parliament at the end of the year as part of efforts to bolster the government’s tax collection process. ...

Prak Chan Thul
https://kiripost.com/stories/tax-law-slated-to-be-passed-by-end-of-year

Despite risks, GDT collection grows 28.62% in 7 months

Tax authorities have collected approximately $2.21 billion of tax revenue — 78.39 percent of the budget law in the first seven months of the year, which soared by 28.62 percent or about $491.29 million compared to the same period last year, said a release by ...

Kang Sothear
https://www.khmertimeskh.com/501133080/despite-risks-gdt-collection-grows-28-62-in-7-months/

Customs tax income up 12 percent in H1

The General Department of Customs and Excise earned $1,295 million in the January-June period of this year, up 12 percent compared to the same period last year, official report showed. ...

Khmer Times Staff
https://www.khmertimeskh.com/501126217/customs-tax-income-up-12-percent-in-h1/

Cambodia collects $3.26 billion in tax revenue in H1, up 22 percent

Cambodia collected $3.26 billion from all sources of taxes in the first half of 2022, up 22 percent from 2.67 billion dollars over the same period last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501116922/cambodia-collects-3-26-billion-in-tax-revenue-in-h1-up-22-percent/

CCF on mission to tackle counterfeits

Each year, more than 1,000 tonnes of counterfeit products are discovered and seized by officials of the General Department of Consumer Protection, Competition and Fraud Repression (CCF). The counterfeit products are usually consumer goods, including food and beverage products that can affect the health of ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national-post-depth/ccf-mission-tackle-counterfeits

GDCE collects $76 million from import tax on right-hand drive vehicles tax

The General Department of Customs and Excise (GDCE) has collected some $76 million from import tax and import duties on right-hand drive vehicles and illegal imported vehicles. ...

Khmer Times Staff
https://www.khmertimeskh.com/501108984/gdce-collects-76-million-from-import-tax-on-right-hand-drive-vehicles-tax/

Tax collection surges 28 percent to $1,726 million

Cambodia collected $1,726 million in tax income in the January-May period this year, a 27.95% increase as compared to the same period last year, according to an official statement yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501094545/tax-collection-surges-28-percent-to-1726-million/

Tax collection crosses 50 percent of financial plan

Cambodia’s tax collection went up in the first four months of this year, reflecting economic activities’ recovery since the government fully reopened the country last November. ...

Chea Vanyuth
https://www.khmertimeskh.com/501075852/tax-collection-crosses-50-percent-of-financial-plan/

Stamp duty tax exemption extended till end of 2022

The government has decided to extend the stamp duty tax exemption till the end of this year in a bid to help ease the burden on the private sector and people in the Covid-19 context. ...

Chea Vanyuth
https://www.khmertimeskh.com/501065838/stamp-duty-tax-exemption-extended-till-end-of-2022/

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