Government
Taxation
Tax collection goes up by 21.6 percent
The government’s tax revenue collection rose to about 21.6 percent in the first five months of this year, compared with the same period last year, with some $708.2 million filling state coffers, according to the Ministry of Economy and Finance’s General Department of Taxation (GDT). ...
Sok Chan
http://www.khmertimeskh.com/news/26024/tax-collection-goes-up-by-21-6-percent/
Tax revenue fills coffers of the state
The government’s tax revenue saw a sharp increase of about 22 percent in the first five months of the year, compared with the same period last year, with some $763 million collected by the General Department of Customs and Excise. ...
Sum Manet
http://www.khmertimeskh.com/news/25916/tax-revenue-fills-coffers-of-the-state/
Royal Group head Kith Meng urges tax rate revision
Private sector representatives argued yesterday that Cambodia’s outdated taxation laws do not accurately reflect the Kingdom’s current business climate, urging the General Department of Taxation (GDT) to revise the legal framework to promote private sector growth. ...
Hor Kimsay
http://www.phnompenhpost.com/business/royal-group-head-kith-meng-urges-tax-rate-revision
Customs pressures exporters to register with GDT
Cambodia’s Customs Department announced on May 27 that it would stop processing paperwork for import and export companies, and halt cross-border activity if they fail to meet today’s deadline for online tax registration. ...
Hor Kimsay
http://www.phnompenhpost.com/business/customs-pressures-exporters-register-gdt
Singapore, Cambodia sign tax treaty
Singapore and Cambodia have entered into a double taxation avoidance agreement to boost cross-border trade and investment between the two countries. ...
Mary Swire
http://www.tax-news.com/news/Singapore_Cambodia_Sign_Tax_Treaty____71308.html
Nearly half of 2016 tax target already collected
In the first four months of the year, the government collected nearly half of its tax revenue target for all of 2016, local media reported yesterday, citing Kong Vibol, director of the General Department of Taxation (GDT). ...
Post Staff
http://www.phnompenhpost.com/business/nearly-half-2016-tax-target-already-collected
Gov’t ready to ink tax treaty with Singapore
Cambodia and Singapore have finalised an agreement on double taxation and are set to sign it into effect soon, state news agency AKP reported yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/govt-ready-ink-tax-treaty-singapore
Customs revenue up by 30 pct in first quarter
Revenue from customs duties and excise tax grew by around 30 per cent to $472 million during the first quarter of the year ...
Post Staff
http://www.phnompenhpost.com/business/customs-revenue-30-pct-first-quarter
Tax registration deadline pushed back
The tax department issued a notice yesterday extending the deadline for businesses to finish their tax registration until May 31, the latest in a long string of delays that followed the introduction of strict new rules on tax registration in 2014. ...
Jonathan Cox
http://www.khmertimeskh.com/news/23887/tax-registration-deadline-pushed-back/
Changes rolled out to prop up rice sector
The government took steps to shore up the rice sector yesterday, saying it would remove the current value added tax [VAT] on milling machines in the country and shut down companies importing rice from neighboring countries and rebranding it as Cambodian during an emergency meeting ...
Sok chan
http://www.khmertimeskh.com/news/23419/changes-rolled-out-to-prop-up-rice-sector/
Government waives 10 percent VAT for rice
The government decided to drop a 10 percent value added-tax (VAT) for rice products during a meeting on Wednesday between representatives of the rice sector and government officials at the Council for the Development of Cambodia in Phnom Penh, officials said. ...
Kang Sothear
https://www.cambodiadaily.com/news/government-waives-10-percent-vat-for-rice-110676/
Alcohol, cigarette tax to increase on April 1
The General Department of Taxation has asked alcohol and cigarette firms to implement proposed increases in special tax on their products, as per a subdecree issued last December. ...
Post Staff
http://www.phnompenhpost.com/business/alcohol-cigarette-tax-increase-april-1
Taxes on local alcohol and cigarettes increased
The government will increase the special tax on alcohol and cigarettes produced locally, with the implementation of the new tax to be effective from April 1, a move that has concerned producers. ...
Chea Vannak and Sum Manet
http://www.khmertimeskh.com/news/23126/taxes-on-local-alcohol-and-cigarettes-increased/
Tax revenue continues to surge
The General Department of Taxation (GDT) collected almost $212.49 million in tax revenue in the first two months of this year, up 14.49 percent over the same period last year, thanks to strong growth across all segments, according to official data. ...
Sum Manet
http://www.khmertimeskh.com/news/22733/tax-revenue-continues-to-surge/
Shift to tech curbs corruption: PM
Prime Minister Hun Sen yesterday said the government is now paying almost all civil servants’ salaries and collecting taxes using technology, rather than relying on officials to handle cash, which reduces corruption. ...
May Kunmakara
http://www.khmertimeskh.com/news/22539/shift-to-tech-curbs-corruption--pm/
Revised rubber export tax scheme criticised
Rubber producers said yesterday the government’s decision to amend the export tax scheme on natural rubber fell short of expectations and would do little to stem the losses of farmers as rubber prices hover near a six-year low. ...
Sor Chandara
http://www.phnompenhpost.com/business/revised-rubber-export-tax-scheme-criticised
Gov’t may hire wing to collect tax revenue
The government is considering appointing Wing (Cambodia) Limited, a specialised bank and mobile payment company, as a designated agent to collect tax revenues, the Ministry of Economy and Finance announced yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/govt-may-hire-wing-collect-tax-revenue
Property transfer tax rises ‘signals strong market’
Revenue from the property transfer taxes collected by the General Department of Taxation (GDT) was about $72 million last year, according to a report from the Ministry of Land Management, Urban Planning and Construction. ...
Sum Manet
http://www.khmertimeskh.com/news/22010/property-transfer-tax-rises----signals-strong-market---/
Gov’t mulls suspending duty on rubber exports
The government will consider suspending its $50 per ton export duty on rubber following lobbying by local producers who say they are operating at a loss due to the sharp fall in global prices for the commodity, Agriculture Ministry secretary of state Eang Sophalleth said ...
Sum Manet
http://www.khmertimeskh.com/news/21714/gov---t-mulls-suspending-duty-on-rubber-exports/
Revenue from taxes continues to rise
The General Department of Taxation collected almost $116 million in tax revenue last month, up 10 percent over January 2015, with strong growth across all segments, according to official data released on Friday. ...
Sum Manet
http://www.khmertimeskh.com/news/21412/revenue-from-taxes-continues-to-rise/
Mong Rethy group given deadline to pay ELC back taxes
The government has warned Mong Reththy Group (MRT), an investor in agro-industrial crops such as palm oil and cassava, that it must pay all outstanding back taxes on its economic land concession in Sihanoukville’s Prey Nop district within three months, according to a document received ...
May Titthara
http://www.khmertimeskh.com/news/20867/mong-reththy-group-given-deadline-to-pay-elc-back-taxes/
Kingdom’s auto importers cast a wary eye on gov’t tax decree
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. ...
Ananth Baliga
http://www.phnompenhpost.com/business/kingdoms-auto-importers-cast-wary-eye-govt-tax-decree
Gov’t eliminates inheritance tax on property
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 ...
Kuch Naren
https://www.cambodiadaily.com/news/govt-eliminates-inheritance-tax-on-property-105072/
Tax revenue from casinos rises sharply in 2015
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 ...
Kang Sothear
https://www.cambodiadaily.com/news/tax-revenue-from-casinos-rises-sharply-in-2015-105069/