China increases rice import quota

Four days after the EU imposed tariffs on rice imported from Cambodia, China agreed on Monday to increase its import quota for Cambodian rice to 400,000 tonnes this year from the previous 300,000 tonnes. If Cambodia can supply the quantity under the new Chinese quota, ...

Hor Kimsay

Tariff-free through EU loophole?

Cambodians may be able to market rice in the EU tariff-free if they sell the semi-processed grain to European millers instead of finished products to end consumers, as the former is still subject to a zero tax rate, said an exporter. ...

Hor Kimsay

Cambodian rice to lose EU duty-free status

The Cambodian rice sector is set to lose its duty-free export status to the EU today – its major rice market – after the European bloc decided to impose tariffs on rice from Cambodia and Myanmar to curb a surge in such imports. ...

Hor Kimsay

Double taxation accord set to be implemented

The double taxation agreement between Cambodia and three other countries has come into effect and will be implemented from January 1 next year, a General Department of Taxation (GDT) press release said. ...

Cheng Sokhorng

General Department of Taxation collects $2B

The General Department of Taxation (GDT) collected more than $2 billion in revenue during the first 11 months of the year, an increase of 12.48 per cent compared to the same period last year, a Tuesday departmental report said. ...

Post Staff

CPS urges tax breaks for SMEs

The Centre for Policy Studies yesterday urged the government to consider reducing tax on some imported agriculture equipment to support farmers and increase the rate of modernisation. CPS director Chan Sophal said during a Cross Talk discussion with Khmer Times yesterday that recently the agriculture ...

Pech Sotheary

Tax authority reveals new target

The General Department of Taxation (GDT) has announced that it aims to increase revenue from tax collection by 19 percent with a new strategy for the next four years based on sustainability and fair competition in the private sector. ...

Sum Manet

Over $1B collected in tax revenue

The Cambodian government collected more than $1 billion in tax revenue in the first five months of the year, an increase of more than 12 percent compared to the same period last year, according to a monthly report from the General Department of Taxation (GDT) ...

Post Staff

PM announces new scheme for petrol pricing

Responding to rising oil prices in the Kingdom, Prime Minister Hun Sen on Friday announced measures to cut petrol taxes by around $30 million per year. ...

Hin Pisei

Tax cuts promised for SMEs that register with GDT

In order to bring more businesses into the regulatory fold, the government has promised attractive new incentives for companies that register before December, including a two-year break on tax revenue. ...

Sok Chan

Tax collection rises by 10 percent in Q1

The General Department of Taxation collected more than $761 million in taxes during the first three months of the year, a slight increase of about 10 percent compared to the same period in 2017. ...

May Kunmakara

Injunction delayed for Phnom Penh Post

Phnom Penh Municipal Court has extended the deadline for an injunction issued against the Phnom Penh Post that instructed it to pay $260,000 in compensation to its former CEO Chris Dawe, who sued the newspaper over wrongful dismissal. ...

Khy Sovuthy

Nearly 6,000 vehicles with unpaid tax

Tax on nearly 6,000 vehicles across the country has not been paid on time as required, according to an inspection by the Ministry of Economy and Finance’s General Department of Taxation. A press release by the GDT signed on March 16 and released yesterday said the ...

Mom Sophon

Government lays out plan for non-tax revenue

The Ministry of Economy and Finance held a workshop yesterday to finalise a draft on a sub-decree managing non-tax revenue sources, part of the government’s attempt to improve its revenue collection. ...

Post Staff

CDC opens tax desk to advise foreign firms

The Council for the Development of Cambodia (CDC) established a tax desk at their offices that will be staffed by employees from the General Department of Taxation, in hopes of easing the burden of registration for foreign companies. ...

Post Staff

Tax revenue exceeds expectations following reforms

The General Department of Taxation (GDT) collected $1.93 billion in tax revenue last year, a 30 percent increase over 2016 and well above the government’s own projections, according to the department’s director, Kong Vibol.​ ...

Hor Kimsay

On the lookout for US taxpayers in Cambodia

The General Department of Taxation called last week on banks, insurance companies and microfinance institutions (MFIs) to accurately report the taxpayer identification numbers (US-TIN) of clients with US citizenship. ...

Chea Vannak

GDT now allows you to pay the tax man online

The General Department of Taxation (GDT) announced yesterday that it has officially launched an e-payment platform that allows individual and corporate taxpayers to pay their obligations online and directly through bank accounts, a move that businesses in the Kingdom hope will trim waiting periods. ...

Hor Kimsay

Government reduces tax load on MFIs receiving money from abroad

The Ministry of Economy and Finance (MEF) recently decided to shrink the tax burden for local microfinance institutions (MFIs) by lowering withholding tax on interest from loans acquired from abroad from 14 to 10 percent, a move that the government claims will keep the massive ...

Hor Kimsay

Soaring VAT collection boosts tax revenue

The General Department of Taxation collected $1.54 billion in tax revenue during the first nine months of the year, a 29 percent increase compared to the same period last year, it said in a press release yesterday. ...

Post Staff

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