Government
Taxation
Cambodia collects $3B in tax revenue in H1
The government generated $2,909 million in revenue from tax and customs in the first half of 2024, representing 46 percent of the target set for 2024, a report from the Ministry of Economy and Finance showed on Monday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501540290/cambodia-collects-3b-in-tax-revenue-in-h1/
The government establishes a Special Tax Audit Unit to help taxpayers
Phnom Penh, Cambodia The Ministry of Economy and Finance has announced the formation of a Special Tax Audit Unit, designed to address taxpayer concerns more efficiently. This new unit, which holds departmental status, will operate under the General Department of Taxation’s jurisdiction. ...
Khmer Times Staff
https://www.khmertimeskh.com/501524123/the-government-establishes-a-special-tax-audit-unit-to-help-taxpayers/
MEF to step up public financial efficiency
The Ministry of Economy and Finance (MEF) and the development partners recently reviewed the implementation process of the revenue collection strategy along with the non-tax revenue management reform and the state property management policy to strengthen pubic financial efficiency and sustainability. ...
Nhean Chamrong
https://www.khmertimeskh.com/501512178/mef-to-step-up-public-financial-efficiency/
MEF to step up public financial efficiency
The Ministry of Economy and Finance (MEF) and the development partners recently reviewed the implementation process of the revenue collection strategy along with the non-tax revenue management reform and the state property management policy to strengthen pubic financial efficiency and sustainability. ...
Nhean Chamrong
https://www.khmertimeskh.com/501512178/mef-to-step-up-public-financial-efficiency/
Import tax debate sparks furore in Tbong Khmum
Vendors in Tbong Khmum province’s Memot district are waiting for the return of hundreds of new and used mobile phones which were seized by local customs officials last week. ...
Niem Chheng
https://www.phnompenhpost.com/national/import-tax-debate-sparks-furore-in-tbong-khmum
GDT tax collection falls in Q1
The General Department of Taxation (GDT) collected taxes totalling $1.18 billion during the January-March period this year, down 11.9 percent from $1.34 billion collected in the first quarter of 2023. ...
Chea Vanyuth
https://www.khmertimeskh.com/501493907/gdt-tax-collection-falls-in-q1/
Tax issues, lack of funding trouble SMEs
International Mother’s Day was marked with a bustling marketplace for small and medium business enterprises (SMEs) on Sunday at Raffles Hotel Le Royal. ...
Jigmee Palden Pazo
https://www.khmertimeskh.com/501487218/tax-issues-lack-of-funding-trouble-smes/
Cambodia seals DTA deal with Philippines
Following a series of negotiations spanning nearly five years, the Cambodian and Philippines governments have concluded the final draft of a double taxation agreement (DTA) between the two nations, in a bid to improve trade and ease investment mechanisms. ...
James Whitehead
https://www.khmertimeskh.com/501483860/cambodia-seals-dta-deal-with-philippines/
GDT’s e-Administration platform to facilitate tax monitoring
The General Department of Taxation launched its e-Administration, the smartphone-based app application where taxpayers can check and track their tax payment documents. ...
Chea Vanyuth
https://www.khmertimeskh.com/501460312/gdts-e-administration-platform-to-facilitate-tax-monitoring/
Cambodia collects nearly $6 billion in taxes in 2023
Cambodia earned $5.9 billion in revenues from all kinds of taxes in 2023, a 3.9 percent decrease compared to $6.14 billion in 2022, as per an official report released on Friday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501442033/cambodia-collects-nearly-6-billion-in-taxes-in-2023/
GDT nets $75 million from e-commerce
The General Department of Taxation (GDT) earned value-added tax (VAT) of $75.5 million on e-commerce in 2023, a year-on-year increase of 71 percent from $44 million recorded in 2022, an official report showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501429247/gdt-nets-75-million-from-e-commerce/
Tax collection up 4.49 percent to $3.6 billion
Cambodia increased its tax collection by 4.49 percent year-over-year to $3.6 billion in 2023. We exceeded our target (101.13 percent) with this year’s collection, said the General Department of Taxation (GDT) at the Ministry of Economy and Finance. ...
Chea Vanyuth
https://www.khmertimeskh.com/501428582/tax-collection-up-4-49-percent-to-3-6-billion/
December taxes fall by 10.3%
The General Department of Customs and Excise collected approximately $201.4 million of tax revenue in December 2023, which was less than the planned 12.25 percent target. ...
Mao Sreypich
https://kiripost.com/stories/december-taxes-fall-by-103
Cambodia set to continue export duty incentives in rubber sector
Cambodia is set to offer tax incentives for another two years on rubber exports, starting from January 1, 2024, aiming to encourage cultivation and support growers and exporters in the face of declining prices due to a drop in international demand. ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdom-set-to-continue-export-duty-incentives-in-rubber-sector
GDT eyes over $4 billion in tax revenue next year, says Vibol
The General Department of Taxation (GDT) is targeting $4.162 billion in 2024, which is a 20 percent increase from the target set for the current year, according to Kong Vibol, Minister Attached to the Prime Minister and Delegate of the Royal Government In-Charge as Director-General ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501407307/gdt-eyes-over-4-billion-in-tax-revenue-next-year-says-vibol/
King promulgates 2024 budget law
King Norodom Sihamoni has issued a Royal Kram promulgating the 2024 Law on Financial Management after the National Assembly (NA) approved it on November 16 and the Senate reviewed it on November 24. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/king-promulgates-2024-budget-law
GDT calls for good tax culture in Cambodia
The General Department of Taxation (GDT) has asked garment, footwear, and travel goods (GFT) manufacturers and exporters to comply with the new tax law and also support promoting a good tax culture in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501403662/gdt-calls-for-good-tax-culture-in-cambodia/
Online tax filing system made easy, says GDT
To simplify the process of filing tax returns on income, a special seminar was organised by the General Department of Taxation (GDT) and Cambodian Footwear Association at the Singapore (Cambodia) International Academy on Wednesday. ...
Jigmee Palden Pazo
https://www.khmertimeskh.com/501397124/online-tax-filing-system-made-easy-says-gdt/
GDT collects $63 million VAT on e-commerce
The General Department of Taxation (GDT) earned value-added tax (VAT) of $62.8 million on e-commerce in the first ten months of the year, a report showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501394733/gdt-collects-63-million-vat-on-e-commerce/
E-commerce tax revenue surges through October
Cambodia garnered $62.8 million in e-commerce value-added tax (VAT) revenue during the first ten months of 2023, signifying a surge in electronic products and services in recent years. The income was collected from 82 non-resident taxpayer enterprises, supplying digital-related goods from abroad, according to the ...
May Kunmakara
https://www.phnompenhpost.com/business/e-commerce-tax-revenue-surges-through-oct
Nation nears tax collection target amid challenges
The government has amassed over $3 billion in taxes during the first ten months of 2023, reaching 85.87% of the target set by the 2023 Law on Financial Management. ...
Samban Chandara
https://www.phnompenhpost.com/national/nation-nears-tax-collection-target-amid-challenges
Cambodia collects $3 billion as tax income in ten months
The General Department of Taxation (GDT) has collected $3,06 billion as tax revenue in the first ten months of 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501393833/cambodia-collects-3-billion-as-tax-income-in-ten-months/
Cambodia collects $3 billion as tax income in ten months
The General Department of Taxation (GDT) has collected $3,06 billion as tax revenue in the first ten months of 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501393833/cambodia-collects-3-billion-as-tax-income-in-ten-months/
PM Hun Manet reiterates no new taxes nor tax increases
Dr Hun Manet has reiterated that the 7th-mandate Royal Government will neither create new taxes nor increase existing ones. ...
Khmer Times Staff
https://www.khmertimeskh.com/501391897/pm-hun-manet-reiterates-no-new-taxes-nor-tax-increases/