Taxation

The government has issued a three-month minimum tax exemption for the aviation sector and an exemption on all types of monthly taxes for tourism operators, it said in a press release on Tuesday. ...

The government has issued income tax exemptions for the textile and garment, footwear and luggage sectors that produced export goods hit by the European Union’s 20 percent Everything but Arms (EBA) tariff-free status withdrawal in February. ...

The Ministry of Economy and Finance has revised the tax rates for all business owners and employees in Cambodia. Employers were instructed to deduct employee taxes according to the new rates from February onwards. Taxpayers have to submit the tax declaration by the 20th of ...

The General Department of Customs and Excise (GDCE) said its revenue collection has seen a remarkable growth over the last five years, with an average 19.5 percent increase a year since 2014.​ ...

The General Department of Taxation (GDT) has collected more than $1 million in fines from more than 5,000 vehicles that have not paid their 2019 tax on time.​ ...

The General Department of Taxation (GDT) has announced that companies wanting to benefit from tax cuts resulting from the country’s double taxation avoidance (DTA) agreements must send in their applications before March 31. ...

Cambodia Microfinance Association (CMA) yesterday said it has taken steps to fulfill its tax obligations to the government. ...

The government hit a 20-year record in fiscal revenues from tax and Customs and Excise last year, exceeding the target and rising nearly a third year-on-year. Together they were nearly equal to planned expenditure. ...

The Ministry of Economy and Finance on Tuesday issued two separate letters to its General Department of Taxation (GDT) and its General Department of Customs and Excise (GDCE) ordering immediate action to mitigate risk to the Kingdom’s economy. ...

The government has decided to exempt the 4 percent stamp tax on all residential properties valued less than $70,000 until January to contribute to sustaining the country’s economic growth. ...

Prime Minister Hun Sen announced yesterday that all registered hotels and guesthouses in Siem Reap will be exempt of all taxes from February until May this year.   ...

The General Department of Taxation (GDT) collected about 956.76 billion riel ($239.19 million) in tax revenue in January, up 14.74 per cent compared to the same period last year. This is a positive step towards its target of collecting more than $2.885 billion by year’s end, ...

The government has raised the tax-free bracket from 1.2 million riel (about $300) to 1.3 million (about $320) in a move to ensure civil servants due for raises this year are not subjected to income tax. A sub-decree signed by Prime Minister Hun Sen earlier this ...

Tax preferences have been offered to small and medium enterprises (SMEs) as incentives for encouraging informal ones to register and update business information.​ ...

The General Department of Taxation (GDT) announced it aims to collect a total of $2,886 million in tax revenue this year. In January, it had already collected about $239 million, accounting for 8.3 per cent of the annual target and an increase of 14.75 per ...

The government will spend some $50 million in subsidies to reduce electricity tariffs by $0.01 per kilowatt-hour for the industrial and agricultural sectors from this month, Ministry of Mines and Energy senior official Victor Jona said on Sunday. ...

Sound macro-economic performance coupled with political stability resulted in the Kingdom collecting some $6 billion in tax last year, up more than $1.485 billion on the government’s target of $4.56 billion for the period. Of the figure, $2.26 billion was collected by the General Department ...

The General Department of Taxation (GDT) released a statement on Wednesday aiming to quash fears that the Kingdom’s tax reforms would adversely affect corporate taxpayers, saying the moves are meant to “strengthen tax collection transparently and equitably”. ...

The General Department of Customs and Excise at the Ministry of Economy and Finance vowed to take legal action against those using vehicles with unpaid tax and unapproved modifications after relevant authorities had advised them through educational announcements. General Department of Customs and Excise director-general ...

The General Department of Taxation (GDT) is sourcing for an advanced IT system in Singapore to modernise the Kingdom’s tax system and improve its collection process and efficiency. ...

As part of efforts to achieve a sound macroeconomy, the government plans to increase the revenue raised from taxation and customs and excise by more than 20 per cent next year. The 2020 national budget law approved on Tuesday targets a 28.1 per cent increase in ...

Modernizing the tax system through automation has helped increase revenue and transparency in the Kingdom’s tax sector. The General Department of Taxation (GDT) said tax collection had increased by more than 28 per cent in the first 10 months of the year. ...

The government collected $2.40 billion in revenue from taxation during the first 10 months of this year – up 28.31 per cent year-on-year from $1.873 billion – a report from the General Department of Taxation (GDT) said on Monday. ...

The prime minister, speaking at a graduation ceremony at the National Institute of Education, said income from customs and excise will surpass the target set for 2019 by $700 to $800 million.​ ...