Government
Taxation
GDT to declutter complex tax laws; to make it simple, orderly
The General Department of Taxation (GDT) is drafting the law on tax aimed to compile a number of confusing tax laws and regulations and respond to the international practice of integrating Cambodia’s economy in the region. ...
Chea Vanyuth
https://www.khmertimeskh.com/501007943/gdt-to-declutter-complex-tax-laws-to-make-it-simple-orderly/
Cambodia tax revenue exceeds target by 24 percent to reach $2.78 billion, says PM
The Cambodian government got $5.07 billion in revenue from tax and customs in 2021, Prime Minister Hun Sen said on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501000317/cambodia-tax-revenue-exceeds-target-by-24-percent-to-reach-2-78-billion-says-pm/
Director General of Taxation says tax collection over past 10 years exceeded target each year
Kong Vibol, Minister Delegate to the Prime Minister and Royal Government Delegate in charge of the General Director of the General Department of Taxation affirmed that in the past 10 years, the General Department of Taxation’s tax revenue collection has been stable, showed good growth ...
Khmer Times Staff
https://www.khmertimeskh.com/50995098/director-general-of-taxation-says-tax-collection-over-past-10-years-exceeded-target-each-year/
Tax collection exceeds $2.56 billion for first 11 months
The General Department of Taxation collected $2.56 billion in tax revenue between January to November this year, exceeding the 2021 targeted plan. Officials and key insiders said the exceeding revenue in the tax sector reflected the government’s efforts on efficient tax collection and the business ...
Chea Vanyuth
https://www.khmertimeskh.com/50988560/tax-collection-exceeds-2-56-billion-for-first-11-months/
Tax breaks to be extended beyond reopening
The government has decided to extend tax exemptions to sectors ravaged by the Covid-19 outbreak, to allow businesses breathing space for recovery and boost economic growth amid a lingering uncertainty over the convergence of crises brought on by the pandemic. ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-breaks-be-extended-beyond-reopening
Settle vehicle import taxes owed by Dec 31: customs
The General Department of Customs and Excise of Cambodia (GDCE) on December 1 reiterated a call on owners of left-hand drive vehicles who have yet to pay any applicable import taxes or related fees due to do so before December 31, in order to benefit ...
Nov Sivutha
https://www.phnompenhpost.com/business/settle-vehicle-import-taxes-owed-dec-31-customs
Customs trends, guidance at key meet
The private sector has drawn attention to a host of issues for customs and excise to optimise operations, control the entry of illegal or restricted goods into Cambodia, bring in more revenue to state coffers, and protect local producers. ...
Hom Phanet
https://www.phnompenhpost.com/business/customs-trends-guidance-key-meet
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/
Cambodia is studying to reduce the tax rate for electric cars by 50% to encourage people to use
In an interview with CNBC on the current plans, connections and future of transportation in Cambodia on November 12, 2021, Sun Chanthol, Minister of Public Works and Transport, said that the launch of Electric vehicles (EVs) are in the early stages of development in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/50970057/cambodia-is-studying-to-reduce-the-tax-rate-for-electric-cars-by-50-to-encourage-people-to-use/
GDT head warns breweries over tax compliance
Cambodia’s tax chief ordered brewery and beverage plant owners to comply with tax good governance principles, including transparency, firmly suggesting that they install modern flow meter systems. ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-head-warns-breweries-over-tax-compliance
Over $2.1 billion collected as tax revenue in first nine months
The General Department of Taxation (GDT) collected some 8,549 billion Riel (approximately $2,111 million) as tax revenue in the first nine months of this year, representing 94.12 percent of the yearly plan. ...
Khmer Times Staff
https://www.khmertimeskh.com/50954524/over-2-1-billion-collected-as-tax-revenue-in-first-nine-months/
Study set to pinpoint trade flow bottlenecks at ports
The results of a crucial ongoing study will enable Cambodia to set out a framework of strategies to enhance the efficiency of the trade facilitation environment and the Kingdom’s competitiveness on the international stage, according to General Department of Customs and Excise (GDCE) director-general Kun ...
Hin Pisei
https://www.phnompenhpost.com/business/study-set-pinpoint-trade-flow-bottlenecks-ports
Tax revenue surpasses $1.9B
The Ministry of Economy and Finance’s General Department of Taxation (GDT) collected $1.90927 billion in taxes in the first eight months of 2021, down by $151.3 million or 10.60 per cent from the same period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-surpasses-19b
Customs rakes in $1.52B in 8 months
Cambodia generated $1.520 billion in customs revenue in the first eight months of this year, equivalent to 64.2 per cent of the target set by the Law on Financial Management for 2021, despite the ongoing Covid-19 crisis. ...
May Kunmakara
https://www.phnompenhpost.com/business/customs-rakes-152b-8-months
Kingdom will have a say in the global tax reform process
A major global tax overhaul that will set a tax floor of 15 percent has the ability to level the playing field when attracting international investments from technology companies and increase the Kingdom’s coffers. ...
Husain Haider
https://www.khmertimeskh.com/50913195/kingdom-will-have-a-say-in-the-global-tax-reform-process/
Royal Government and Private Sector convene GPSWG-D meeting
The Government-Private Sector Working Group D (GPSWG-D) on Law, Tax and Governance held a meeting via videoconference to discuss challenges the private sector is facing in this hard time of COID-19 pandemic. ...
Khmer Times Staff
https://www.khmertimeskh.com/50908946/royal-government-and-private-sector-convene-gpswg-d-meeting/
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
GDT strives to unfold tax intricacies: official
A senior tax official pledged to facilitate all tax issues for Japanese investors currently investing or doing business in Cambodia to ensure things go smoothly, as part of a broader effort to create productive feedback channels, and improve transparency and operational efficiency, according to the ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-strives-unfold-tax-intricacies-official
Over $1.5 billion collected in tax revenue in First Semester
The General Department of Taxation (GDT) collected more than 1.5 billion in tax revenue in the first semester of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/50898476/over-1-5-billion-collected-in-tax-revenue-in-first-semester/
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. ...
Taxpayers still able pay online during lockdown
The General Department of Taxation (GDT) has advised taxpayers and tax service agencies located in lockdown-restricted areas to electronically file income tax returns and avoid the risk of spreading the novel coronavirus. ...
Hin Pisei
https://www.phnompenhpost.com/business/taxpayers-still-able-pay-online-during-lockdown
Gov’t revenue exceeds $1.6bn in first quarter
The Cambodian government earned some $1.6 billion in revenue in the first quarter of 2021 from tax and customs. This represents close to a 25 percent increase compared with revenue achieved during the same period in 2020. ...
Chea Vanyuth
https://www.khmertimeskh.com/50837481/govt-revenue-exceeds-1-6bn-in-first-quarter/
Duty-free access to Vietnam for 31 tariff lines
Thirty-one Cambodian tariff lines – mostly agricultural products – now carry the zero rate to neighbouring Vietnam for 2021-2022, the Ministry of Commerce announced on March 25. ...
Thou Vireak
https://www.phnompenhpost.com/business/duty-free-access-vietnam-31-tariff-lines
Tax revenue from casino sector drops
Tax revenue from Cambodia’s casino industry cratered in 2020 as Covid-19 prompted the government to tighten entry restrictions, limiting the number of international visitors to the Kingdom, according to a Ministry of Economy and Finance senior official on March 21. ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-casino-sector-drops