Government
Taxation
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/
Gov’t preparing to eliminate import duties for ASEAN products
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. ...
May Kunmakara
http://www.khmertimeskh.com/news/19589/gov---t-preparing-to-eliminate-import-duties-for-asean-products/
Patent tax can now be paid at banks, department says
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. ...
Sum Manet
http://www.khmertimeskh.com/news/19467/patent-tax-can-now-be-paid-at-banks--department-says/
Tax revenues grow state coffers by $1.3B
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 ...
Sor Chandara
http://www.phnompenhpost.com/business/tax-revenues-grow-state-coffers-13b
Tax dispute procedures tightened, onus on taxpayer
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 ...
Ananth Baliga
http://www.phnompenhpost.com/business/tax-dispute-procedures-tightened-onus-taxpayer
Tax revenue soars on vehicle, tobacco tariffs
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. ...
Post Staff
http://www.phnompenhpost.com/business/tax-revenue-soars-vehicle-tobacco-tariffs
Vehicle registration revving up
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. ...
Sok Chan
http://www.khmertimeskh.com/news/17596/vehicle-registration-revving-up/
Government to revamp porous tax code
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 ...
Ananth Baliga
http://www.phnompenhpost.com/business/government-revamp-porous-tax-code
General Department of Taxation postpones property taxes deadline again
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. ...
Raid reveals 1,800 smuggled smartphones
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. ...
Post Staff
http://www.phnompenhpost.com/business/raid-reveals-1800-smuggled-smartphones
Officials impound eight luxury vehicles to collect unpaid tax
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. ...
Hun Sen announces broad cuts of petty taxes
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 ...
Kang Sothear
https://www.cambodiadaily.com/news/hun-sen-announces-broad-cuts-of-petty-taxes-98057/
Tax collections reflect increased payment options
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 ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/tax-collections-reflect-increased-payment-options
SMEs urged to register at Taxation Department
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. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/smes-urged-register-taxation-department
Japan wraps up tax audit project
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. ...
Sok Chan
http://www.phnompenhpost.com/business/japan-wraps-tax-audit-project
Special tax on QIP rolled back
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 ...
Charles Rollet
http://www.phnompenhpost.com/business/special-tax-qip-rolled-back
GDT threatens to publicly shame late payers
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 ...
May Kunmakara and Daniel de Carteret
http://www.phnompenhpost.com/business/gdt-threatens-publicly-shame-late-payers
Poipet porters defend protest
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 ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/poipet-porters-defend-protest
Customs revenues increase
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. ...
May Kunmakara
http://www.phnompenhpost.com/business/customs-revenues-increase
Gov’t to raise taxes to clean up litter in cities
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. ...
Aun Pheap
https://www.cambodiadaily.com/news/govt-to-raise-taxes-to-clean-up-
MEF sets target for tax revenue
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 ...
Hor Kimsay
http://www.phnompenhpost.com/mef-sets-target-tax-revenue
Parliamentary committee to investigate illegal logging
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 ...
Sok Khemara
http://www.voacambodia.com/content/parliamentary-committee-to-investigate-illegal-logging/2650379.html
Garment-sector raises hit by falling overtime
Garment workers around the country have started picking up paychecks this month that for the first time include the $28 increase the government added to the sector’s previous minimum wage of $100. But with available overtime hours on the wane, enthusiasm for the raise is ...
Mech Dara
https://www.cambodiadaily.com/news/garment-sector-raises-hit-by-falling-overtime-77666/