Ministries and other national bodies
Ministry of Economy and Finance
Finance Ministry, NBC enhance digital verification of customer documents
The Ministry of Economy and Finance and the National Bank of Cambodia (NBC) have reached a memorandum of understanding on electronic Know Your Customer (e-KYC) cooperation, aiming to enhance digital verification of customer documents in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501106776/finance-ministry-nbc-enhance-digital-verification-of-customer-documents/
Ministry of Finance says the issuance of $300 million in securities is scheduled for June
The Royal Government of Cambodia plans to officially issue $300 million in securities this month. This is according to Mang Sopheara, Deputy Director General of the General Department of International Cooperation and Debt Management of the Ministry of Economy and Finance and a member of ...
Khmer Times Staff
https://www.khmertimeskh.com/501085891/ministry-of-finance-says-the-issuance-of-300-million-in-securities-is-scheduled-for-june/
Cambodia prioritises fiscal policy reforms and green development
The Cambodian government prioritised budget efficiency to ensure public financial sustainability, economic recovery and green development to ensure social-economic development, said Aun Pornmoniroth, Minister of Economy and Finance. ...
Chea Vanyuth
https://www.khmertimeskh.com/501056225/cambodia-prioritises-fiscal-policy-reforms-and-green-development/
PM pushes to close pension gaps
Prime Minister Hun Sen has told the Ministry of Economy and Finance to speed up the preparation of the budget to address the pension inequality of low-paid civil servants and veterans. ...
Lay Samean
https://www.phnompenhpost.com/national/pm-pushes-close-pension-gaps
Ministry of Economy announces $100 million funding increase for SME Bank and Rural Development Bank for Agriculture
The Ministry of Economy and Finance will announce the announcement of additional funding of $100 million for the Cambodian Small and Medium Enterprise Bank and the Agricultural Rural Development Bank to provide additional support to SMEs, agriculture and agriculture. Industry according to the press release ...
Khmer Times Staff
https://www.khmertimeskh.com/501023375/ministry-of-economy-announces-100-million-funding-increase-for-sme-bank-and-rural-development-bank-for-agriculture/
Cambodia’s 2022 GDP expected to grow 5.6%, says Finance Ministry
Cambodia’s economy in 2022 is projected to grow at around 5.6 percent and gradually reach potential growth in the medium term, supported by global demand and a gradual recovery in investment confidence. ...
Chea Vanyuth
https://www.khmertimeskh.com/501014569/cambodias-2022-gdp-expected-to-grow-5-6-says-finance-ministry/
Japan pledges $117 million in support of COVID-19 Crisis Response Emergency Support Loan
Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance on Monday held talks with Japanese Ambassador to Cambodia MIKAMI Masahiro. ...
Khmer Times Staff
https://www.khmertimeskh.com/50980305/japan-pledges-117-million-in-support-of-covid-19-crisis-response-emergency-support-loan/
Khmer Enterprise and CMA enter into partnership to boosting access to financial service for SMEs
Khmer Enterprise (KE), a unit under the Ministry of Economy and Finance and the Cambodia Microfinance Association has entered into a cooperation agreement on promoting access to finance for entrepreneurs and SMEs in the ecosystem of Cambodia. ...
Name and shame for tax payment defaulters
The General Department of Taxation of the Ministry of Economy and Finance yesterday re-announced the invitation to all enterprises to come forward and pay their tax debts. ...
Khmer Times Staff
https://www.khmertimeskh.com/50975671/name-and-shame-for-tax-payment-defaulters/
Nearly 3,000 construction projects approved in first eight months of the year
The Ministry of Land Management, Urban Planning, and Construction approved a total of 2,901 construction proposals in the first eight months this year, a year-on-year decrease of 13 percent. ...
Chea Vanyuth
https://www.khmertimeskh.com/50947979/nearly-3000-construction-projects-approved-in-first-eight-months-of-the-year/
Phase two of online business registration to be launched
The Business Registration System on Information Technology Platform (OBR) Phase 2 will be launched on Sept 1 and will expand its services to many sectors. ...
Chea Vanyuth
https://www.khmertimeskh.com/50923155/phase-two-of-online-business-registration-to-be-launched/
Cambodia to change to electronic system to manage National Budget
Cambodia’s commitment to reform public financial management through a financial management information system (FMIS) is on the right track. ...
Sar Socheath
https://www.khmertimeskh.com/50922444/cambodia-to-change-to-electronic-system-to-manage-national-budget/
Road tax can now be paid through GDT app
Vehicle owners can now pay road tax on their mobile devices through the GDT Taxpayer App, after the latest update, according to the Ministry of Economy and Finance’s General Department of Taxation (GDT) on July 30. ...
Thou Vireak
https://phnompenhpost.com/business/road-tax-can-now-be-paid-through-gdt-app
Cambodian exports reach $8 billion Jan-June
Cambodia exported $8.201 billion in the first six months of 2021, a 17 percent increase compared to the same period last year, according to a report from the Ministry of Economy and Finance. ...
Chea Vanyuth
https://www.khmertimeskh.com/50896757/cambodian-exports-reach-8-billion-jan-june/
Tax scrutiny ‘not pandemic-related’: Ministry of Economy and Finance collected more than $2.87bn in taxes last year, up 3.73% on 2019
With corporations in Southeast Asia reporting being swept up in tax audits while governments work to increase revenue during the pandemic, there are conflicting views regarding whether Cambodian firms are facing additional scrutiny. ...
Financial leniency urged for buyers of boreys, condos
The government on March 22 issued a plea to developers of borey gated-communities and condominiums in Cambodia to ease some of the financial pressure facing customers to pay monthly installments until the end of March 2022, in light of the Covid-19 pandemic. ...
Hin Pisei
https://www.phnompenhpost.com/business/financial-leniency-urged-buyers-boreys-condos
GDT firm on March 31 tax deadline
General Department of Taxation (GDT) director-general Kong Vibol refused to budge on a March 31 deadline to file tax on income (ToI) for fiscal year 2020 despite the economic pressure on the business community caused by the Covid-19 pandemic. ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-firm-march-31-tax-deadline
Use of tax e-filing system mandated from March onwards
All taxpayers in the self-assessment tax bracket have been instructed to submit their annual income tax via electronic filing (ToI E-Filing) from next month on, according to an announcement by the General Department of Taxation (GDT). ...
Sok Chan
https://www.khmertimeskh.com/50817426/use-of-tax-e-filing-system-mandated-from-march-onwards/
App for property tax on the way but no increases, says government
Cambodia is undergoing property tax reform but says it is administrative with a focus on improving the registration and valuation of properties while strengthening enforcement and compliance. ...
Tax official defogs capital gains
A General Department of Taxation (GDT) official on February 22 listed some of the assets that would be exempt from capital gains tax once it comes into force in January 1, 2022 and shed light on some of the finer subtleties of the tax. ...
Thou Vireak
https://www.phnompenhpost.com/business/tax-official-defogs-capital-gains
$217 million collected through tax in January: PM
The General Department of Taxation (GDT) of Ministry of Economy and Finance earned 879 billion riels (approximately $217 million) from tax income in January this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/50814324/217-million-collected-through-tax-in-january-pm/
Forum to promote ‘Access to Finance for Women Entrepreneurs in COVID-19 Era’
The National Bank of Cambodia has collaborated with the United States Agency for International Development (USAID) through Pact Cambodia, Khmer Enterprise, Swisscontact and Good Return to organise the Entrepreneurship Ecosystem Forum on “Access to Finance for Women Entrepreneurs in COVID-19 Era”. ...
Helping SMEs to stand on their own two feet
Following the successful completion of two rounds of assistance packages to support small and medium-sized enterprises (SMEs) and startups during the COVID-19 pandemic, Khmer Enterprise will implement a third this year. ...
Sok Chan
https://www.khmertimeskh.com/50810982/helping-smes-to-stand-on-their-own-two-feet/
Ministry ‘bullish’ on prospects of recovery
The Kingdom’s real economic growth is expected to recover by 4 percent in 2021 following a contraction of 3.1 percent in 2020, according to a report from the Ministry of Economy and Finance (MEF). ...
Sok Chan
https://www.khmertimeskh.com/50807772/ministry-bullish-on-prospects-of-recovery/
