Government
Taxation
GDT: ‘Tax reforms won’t harm corporations’
The General Department of Taxation (GDT) released a statement on Wednesday aiming to quash fears that the Kingdom’s tax reforms would adversely affect corporate taxpayers, saying the moves are meant to “strengthen tax collection transparently and equitably”. ...
Thou Vireak
https://www.phnompenhpost.com/business/gdt-tax-reforms-wont-harm-corporations
Crackdown on vehicles with unpaid tax
The General Department of Customs and Excise at the Ministry of Economy and Finance vowed to take legal action against those using vehicles with unpaid tax and unapproved modifications after relevant authorities had advised them through educational announcements. General Department of Customs and Excise director-general ...
Voun Dara
https://www.phnompenhpost.com/national/crackdown-vehicles-unpaid-tax
Singapore tech to increase national tax revenue
The General Department of Taxation (GDT) is sourcing for an advanced IT system in Singapore to modernise the Kingdom’s tax system and improve its collection process and efficiency. ...
May Kunmakara
https://www.phnompenhpost.com/business/singapore-tech-increase-national-tax-revenue
Gov’t to raise 20% more tax revenue
As part of efforts to achieve a sound macroeconomy, the government plans to increase the revenue raised from taxation and customs and excise by more than 20 per cent next year. The 2020 national budget law approved on Tuesday targets a 28.1 per cent increase in ...
May Kunmakara
https://www.phnompenhpost.com/business/govt-raise-20-more-tax-revenue
Modernisation in IT system increases GDT’s tax collection
Modernizing the tax system through automation has helped increase revenue and transparency in the Kingdom’s tax sector. The General Department of Taxation (GDT) said tax collection had increased by more than 28 per cent in the first 10 months of the year. ...
Thou Vireak
https://www.phnompenhpost.com/business/modernisation-it-system-increases-gdts-tax-collection
GDT collects $2.4B in revenue from taxation in first 10 months
The government collected $2.40 billion in revenue from taxation during the first 10 months of this year – up 28.31 per cent year-on-year from $1.873 billion – a report from the General Department of Taxation (GDT) said on Monday. ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-collects-24b-revenue-taxation-first-10-months
Fiscal revenue to surpass 2019 target by $1 billion: Prime Minister
The prime minister, speaking at a graduation ceremony at the National Institute of Education, said income from customs and excise will surpass the target set for 2019 by $700 to $800 million. ...
Chea Vannak
https://www.khmertimeskh.com/50661039/fiscal-revenue-to-surpass-2019-target-by-1-billion-prime-minister/
PM confident EBA outcome will not impact Kingdom
As the government reviews a European Commission preliminary report on whether Cambodia should retain its Everything-but-Arms preferential trade status, Prime Minister Hun Sen has said that the Kingdom has strong financial foundations to sustain itself with or without the EBA. “Someone said we will suffer ...
Ben Sokhean
https://www.khmertimeskh.com/50660990/pm-confident-eba-outcome-will-not-impact-kingdom/
TI Cambodia: More awareness of national budget to boost transparency
Transparency International Cambodia (TI Cambodia) organised a debate on the national budget income on Friday to raise awareness on the matter. The NGO urged the public to know more about the issue to increase the level of transparency in the national budget’s income and expenditure. ...
Long Kimmarita
https://www.phnompenhpost.com/national/ti-cambodia-more-awareness-national-budget-boost-transparency
GDCE’s revenue up 35 percent
Revenue at the General Department of Customs and Excise (GDCE) saw a significant increase during the first nine months of the year, growing by 35 percent over the corresponding period last year, GDCE’s director said last week. From January to September, the department collected almost $2.4 ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50652815/gdces-revenue-up-35-percent/
Government collects $4.5B in revenue from tax, customs
A report from the General Department of Taxation (GDT) released on Wednesday showed that the department collected $2.183 billion in taxes, while Prime Minister Hun Sen on the same day announced that $2.384 billion in customs and excise duties was collected during the period. GDT ...
Thou Vireak
https://www.phnompenhpost.com/business/government-collects-45b-revenue-tax-customs
GDT: Chinese companies must fulfil duty obligations
The General Department of Taxation (GDT) said Chinese investment is contributing greatly to the Kingdom’s tax revenue and called on Chinese companies to properly fulfil their tax obligations. Speaking at a forum on Mechanism of Cambodia-China Fiscal Cooperation on Friday, GDT director-general Kong Vibol said: ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-chinese-companies-must-fulfil-duty-obligations
Tax collection rises 66% in H1
The General Department of Taxation (GDT) collected more than $1.5 billion in tax revenue in the first six months of this year, up 66 per cent from the same period last year, according to a report released by the department on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/tax-collection-rises-66-h1
Gov’t launches revenue strategy
The government launched the Revenue Mobilisation Strategy 2019-2023 on Thursday. The 77-page book details key strategies such as modernisation of the General Department of Taxation’s (GDT) fiscal revenue system in response to the increasing demand for service quality, social equity guarantee and sustainability of revenue ...
Thou Vireak
https://www.phnompenhpost.com/business/govt-launches-revenue-strategy
Cambodia Startup Advisers set to launch non-technical, practical guide for start-ups
Cambodia Startup Advisers (CSA) is set to launch its Cambodia Startup Handbook as a tool for the Kingdom’s entrepreneurs, its press release said on Friday. Scheduled to be launched on Tuesday, the book is co-authored by Sreypeou Chaing, Junro Binang, Pheng Thea and David Haskel ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-startup-advisers-set-launch-non-technical-practical-guide-start-ups
Gov’t: No Chinese goods skirting US tariffs at SSEZ
No Chinese goods have been found to be exported from Cambodia to the US to avoid US-imposed tariffs on China, a Ministry of Commerce statement said on Sunday. US embassy spokesman Arend Zwartjes previously told The Post on Thursday that the US Department of Homeland ...
Hin Pisei
https://www.phnompenhpost.com/business/gov%E2%80%99t-no-chinese-goods-skirting-us-tariffs-ssez
CRF awaits response from EU
The European Court of Justice has yet to make a pronouncement regarding a lawsuit filed by the Cambodia Rice Federation in April against the European Union’s decision to impose tariffs on Cambodian Indica rice. The information was revealed during a CRF meeting Friday chaired by president ...
Chea Vannak
https://www.khmertimeskh.com/50612498/crf-awaits-response-from-eu/
Health experts call for more tobacco taxes to save lives
Health experts on Tuesday called on the government to save Cambodian lives by raising tobacco taxes and use the revenues to expand healthcare benefits for the general public. The call was made by the Southeast Asia Tobacco Control Alliance (SEATCA), World Health Organisation (WHO) and ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/health-experts-call-more-tobacco-taxes-save-lives
Tax, customs revenue hits $1.68B this year
Cambodia collected some $1.68 billion in revenue from customs and taxation during the first three months of this year, said Prime Minister Hun Sen. Speaking recently at the 18th Government-Private Sector Forum, he said revenue from the Kingdom’s customs fees accounted for about $668 million ...
Hor Kimsay
https://www.phnompenhpost.com/business/tax-customs-revenue-hits-168b-year
Despite loss of duty-free status, Kingdom’s rice exports see 6% increase
Despite losing its duty-free export status in the EU, the Kingdom’s rice exports saw a six per cent increase in the first quarter of this year compared to the same period last year, according to figures released by the Secretariat of One Window Service for ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/despite-loss-duty-free-status-kingdoms-rice-exports-see-6-increase
GDT requires tax invoice amounts shown in local riel
The General Department of Taxation (GDT) has ordered that all taxpayers show the total amount of their tax invoices in Cambodian riel. The change will come into effect on April 1. The GDT instruction issued on Monday indicates that tax invoices are required to show ...
Hor Kimsay
https://www.phnompenhpost.com/business/gdt-requires-tax-invoice-amounts-shown-local-riel
Cambodia’s tax revenue enjoys rise once again
The General Department of Taxation (GDT) collected over $2 billion in tax revenue last year, up 13.37 per cent from the same period in 2017, according to a statement released by the department on Tuesday. At the December 2018 tax collection revenue meeting, General Department ...
Post Staff
https://www.phnompenhpost.com/business/cambodias-tax-revenue-enjoys-rise-once-again
‘All media outlets must pay tax’
Minister of Information Khieu Kanharith on Friday said Voice of America (VOA) and Radio Free Asia (RFA) would be allowed to reopen their offices only after fulfilling their tax obligations. In a letter dated January 25 to the Ministry of Foreign Affairs and International Cooperation, ...
Mech Dara
https://www.phnompenhpost.com/national/all-media-outlets-must-pay-tax
China increases rice import quota
Four days after the EU imposed tariffs on rice imported from Cambodia, China agreed on Monday to increase its import quota for Cambodian rice to 400,000 tonnes this year from the previous 300,000 tonnes. If Cambodia can supply the quantity under the new Chinese quota, ...
Hor Kimsay
https://www.phnompenhpost.com/business/china-increases-rice-import-quota