Taxation

Importers can expect a substantial increase in the “specific tax” component of certain products, especially automobiles and auto spare parts, according to a sub-decree by the Customs and Excise Department released yesterday. ...

Cambodians passing on their property to relatives will no longer have to pay the requisite registration tax, the government announced on Sunday during the ruling CPP’s annual party congress.The directive, signed by Prime Minister Hun Sen, was posted to both the the premier’s personal Facebook ...

Thanks to improved collection efforts, a total of $34.7 million in taxes was taken in from Cambodia’s casinos in 2015, a 33 percent increase on the previous year, the Finance Ministry said on Monday. Ros Phearun, deputy director-general of the ministry’s finance industry department, said ...

The government is planning to gradually reduce tariffs on most goods imported from other ASEAN member states to zero, putting Cambodia ahead of what is required of it under the ASEAN Trade in Goods Agreement (ATIGA), officials said.   ...

The General Department of Taxation notified patent owners that they have three months to pay taxes owed on their patents, but they can do so at banks this year for the first time,  its director general said yesterday. ...

Revenue from tax collection jumped 25 per cent in 2015, government officials revealed yesterday, saying the tax department has collected about $1.3 billion on the back of better compliance and awareness among the private sector.At a seminar in Phnom Penh, Kong Vibol, director of the ...

Having recently disbanded the so-called estimated tax regime, a flexible scheme that reduced the tax obligations of small and medium enterprises, the General Department of Taxation has issued a new prakas aimed at hastening tax audits and the appeals process, but which also increases the ...

Cambodia’s General Department of Taxation (GDT) collected $1.09 billion in taxes during the first 10 months of 2015, up 23.9 per cent compared to the same period a year earlier, according to a statement posted on its website. ...

The number of registered vehicles surged this year due to rapid economic expansion and rising incomes this year, according to Ministry of Public Works and Transport secretary of state Min Meanvy.  ...

The government will scrap its poorly regulated and grossly inefficient estimated-tax regime, which covers mostly small enterprises, and bring all businesses in the Kingdom into the fold of its more-stringent “real” tax regime, leaked documents show.In an unpublished addendum to the 2016 national budget obtained ...

The General Department of Taxation (GDT) Cambodia has once again announced the second postponement of 2015 tax payment for real estate by setting a new deadline to the end of November this year. ...

Customs authorities seized nearly 1,800 smuggled Huawei smartphones during a raid on Monday on a private residence in Phnom Penh’s Tuol Kork district, a customs official said yesterday. ...

Officials impounded eight luxury vehicles in the past week, including four over the weekend, after the customs department and military police began stopping cars in Phnom Penh looking for vehicles brought into the country without their owners having paid the proper import tax.​ ...

The country’s lower class will receive a series of tax breaks starting in 2016, Prime Minister Hun Sen announced Thursday, with tariffs on motorbikes, tuk-tuks and farm machinery to be waived, along with fees at stalls in state-owned markets.Striking a populist tone during the inauguration ...

Government coffers received close to a billion dollars in tax revenues for the first nine months of the year, up 25 per cent compared to the same period a year earlier, with convenient tax payment options contributing to this rise, according to the latest quarterly ...

Cambodia’s small- and medium-size enterprises should formalise their accounts and register with the Taxation Department to avoid the risk of unpredictable tax collection in the future, industry insiders said at a tax seminar in Phnom Penh yesterday.​ ...

Cambodia’s General Department of Taxation and the Japan International Cooperation Agency yesterday completed a more than three-year project to improve taxpayer services and increase tax audit capacity of the government entity. ...

The Ministry of Economy and Finance last week did away with a special tax on imported products that were being used for re-export, after Japanese businesses said that it undermined their status as Qualified Investment Projects. Under the Qualified Investment Projects (QIP) scheme, firms can ...

The Tax Department has threatened to publicly name companies that have not paid their outstanding dues by the end of the month. In an announcement posted on its website and in local media on Tuesday, the General Department of Taxation called on all company directors with ...

Cross-border porters in Banteay Meanchey’s Poipet town over the weekend defended the decision last week to stage a demonstration over customs fees – a demonstration that turned violent and ultimately left four injured – saying that import tax and unofficial fees exacted by police are ...

The General Department of Customs and Excise (GDCE) collected more than $360 million in revenues for the national budget during the first quarter of 2015, a 13 per cent increase year-on-year, according to a statement from the department released last week. ...

Environment Minister Say Sam Al on Wednesday announced the creation of a recurring annual $5-million fund to help Phnom Penh and every provincial capital clean up their trash-strewn streets, especially outside homes and restaurants. ...

The Cambodian government is aiming to increase its revenue collection to $3.78 billion for 2015, on the back of strong tax and customs income. A directive signed by Monaster of Economy and Finance Aun Porn Moniroth on Monday says $2.75 billion will be collected via current ...

A parliamentary committee will look into allegations of illegal logging and timber exports, where big money and deep corruption have led to conflict, deforestation and tax fraud. Opposition lawmaker Ho Vann, who leads the National Assembly committee, told VOA Khmer he is looking into evidence and ...