Government

Taxation

Tax dept can’t do job, report says

Cambodia’s tax department is under-resourced and understaffed, thereby hindering its ability to generate revenue, according to an Asian Development Bank (ADB) analysis released earlier this month. The analysis, which took into account survey results from 22 tax revenue bodies across Asia between 2012 and 2013, paints ...

Eddie Morton
http://www.phnompenhpost.com/business/tax-dept-can%E2%80%99t-do-job-report-says

In effeminate tones, Hun Sen lampoons opposition politicians

Prime Minister Hun Sen used the opening ceremony of a dam in Pursat province Thursday to act out a scene of biting political satire by pouring scorn on promises from the opposition CNRP to simultaneously reduce food prices in markets, while increasing prices paid to ...

Khuon Narim
http://www.cambodiadaily.com/news/in-effeminate-tones-hun-sen-lampoons-opposition-politicians-55131/

Logging firm fails again to notify and pay taxes

Logging by Vietnamese-owned concessionaire Company 72 has once again spilled the boundaries of its land in Ratanakkiri’s O’Yadav district, this time without paying proper taxes to the Forestry Administration (FA), local forest conservation activist Romas Svang said yesterday. ...

Sen David
http://www.phnompenhpost.com/national/logging-firm-fails-again-notify-and-pay-taxes

New rules for taxmen

Following an order from Prime Minister Hun Sen last month to crack down on intimidation and harassment by tax collectors in local markets, City Hall pledged to take legal action yesterday. Phnom Penh governor Pa Socheatvong told municipal and provincial governors that fines for rogue collectors ...

Vong Sokheng
http://www.phnompenhpost.com/national/new-rules-taxmen

Rein in market thuggery: PM

Prime Minister Hun Sen yesterday took a stand against intimidation and harassment at markets, ordering municipal and provincial governors to crack down on aggressive fee collectors they employ. Speaking at a graduation ceremony at the capital’s Royal School of Administration, Hun Sen distanced himself from what ...

Vong Sokheng
http://www.phnompenhpost.com/national/rein-market-thuggery-pm

Tourism revenues increase but taxes remain flat

Overall revenue from Cambodia’s booming tourism sector reached $2.5 billion last year, according to Tourism Minister Thong Khon. Khon said in an interview on Tuesday that the figure, which does not reflect the amount the state collected in taxes on the sector, marked a 15 per ...

Chan Muy Hong
http://www.phnompenhpost.com/business/tourism-revenues-increase-taxes-remain-flat

Warrant for missing tax man

The Anti-Corruption Unit on Monday ordered the arrest and imprisonment of a former Preah Vihear province tax official who was convicted in absentia in December and sentenced to three years in prison for exploiting his position for personal gain. According to the ACU’s announcement, former provincial ...

Chhay Channyda
http://www.phnompenhpost.com/national/warrant-missing-tax-man

Government’s tax collection up to USD66 millions in January

The government collected USD 66. 4 million from taxation in January, up 14.5% from the same period last year, according to a statement released by the Taxation department. In 2014, tax revenue has been going up in all sectors of which financial service 27.6%, import-export ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=NjAwNTU2ZjViNDB

Moc Bai Border Gate Economic Zone

Moc Bai Border Gate Economic Zone is located on the Trans-Asia Road that starts from Myanmar, goes to Thailand, Cambodia, Laos and Vietnam and ends at Quangxi, China. It was built with three border gates on an area of 21,283ha, covering the communes of Long Thuan, ...

Vietnamnet News Staff
http://english.vietnamnet.vn/fms/business/92035/moc-bai-border-gate-economic-zone.html

Tax hike cuts slaughterers’ profit

Almost 50 livestock slaughterers in Preah Vihear town yesterday protested a rise in taxes and fees they must to pay on their products. Pin Raksmey, chief of the committee at Kampong Pranak market, said that the problem was out of his hands. ...

Sen David
http://www.phnompenhpost.com/national/tax-hike-cuts-slaughterers%E2%80%99-profit

Food Vendors Feel the Bite of Soaring Inflation

Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...

Hul Reaksmey and Colin Meyn
http://www.cambodiadaily.com/news/food-vendors-feel-the-bite-of-soaring-inflation-50773/

Cambodia collects tax of 881 million USD in 2013

The kingdom’s General Department of Taxation had collected 881 million U.S. dollars of taxes in 2013, up 19 percent from 740 million U.S. dollars in a year earlier, a press release said Thursday. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-01/09/c_133031865.htm

ACU Charges Hotel Tax Collector in Siem Reap Province

The Anti-Corruption Unit (ACU) on Wednesday arrested a senior official from the Siem Reap provincial taxation branch and sent him to Phnom Penh to be placed in pretrial detention, officials said Thursday. Siem Reap Provincial Court president Duch Sok Sarin said that Liv Bunthan, the chief ...

Kuch Naren
http://www.cambodiadaily.com/news/acu-charges-hotel-tax-collector-in-siem-reap-province-49502/

Hun Sen’s Niece Opens Tax Consulting Firm

Local law and consulting firm HML, whose chairperson and founding partner is Hun Kimleng, a niece of Prime Minister Hun Sen and wife of National Police chief Neth Savoeun, has teamed up with Tokyo-based XAT Tax Corp. to form a consulting agency focused solely on ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/hun-sens-niece-opens-tax-consulting-firm-49420/

Illicit Trade Linked to $130M In Losses

A report released by a U.S. financial research firm today says that Cambodia lost an average of $133 million per year between 2002 and 2011 through crimes such as import and export tax evasion, illegal movements of money and smuggling. The report, released by Global Financial ...

Alex Willemyns
http://www.cambodiadaily.com/business/illicit-trade-linked-to-130m-in-losses-49163/

Taxi Drivers Block Checkpoint In Poipet to Protest New Tax

Taxi drivers staged a large protest Wednesday at a customs checkpoint in Poipet City over customs officials’ demands for what the protesters said was an exorbitant tax on a small load of goods. At the checkpoint Wednesday, more than 50 taxi drivers blocked the road for ...

Hul Reaksmey
http://www.cambodiadaily.com/news/taxi-drivers-block-checkpoint-in-poipet-to-protest-new-tax-49159/

Inflation Rate at 4.2% to October

Cambodia’s inflation rate increased by 4.2 percent in the 12-month period to October, with food prices accounting for more than half of the rate, according to data released Monday by the National Institute of Statistics. The monthly inflation rate grew from 3.4 percent in August to ...

Hul Reaksmey
http://www.cambodiadaily.com/business/inflation-rate-at-4-2-to-october-48977/

Official Charged With Misappropriating Funds

The deputy director of the Preah Sihanouk provincial tax branch who was arrested for corruption last week was on Friday charged with the misappropriation of public funds, an official confirmed Sunday. Phy Rith, who was arrested by the Anti-Corruption Unit (ACU) on Wednesday, was charged by ...

Eang Mengleng
http://www.cambodiadaily.com/news/official-charged-with-misappropriating-funds-48332/

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