Ministry of Economy and Finance

The government is preparing legislation aimed at ensuring tighter control over the nation’s pawnshops to ensure professionalism in a sector that has grown rapidly and lacks a supervisory framework. ...

Cambodia’s customs department counted less than 1 percent of the sand Singapore reported importing from Cambodia last year, according to trade statistics. The new data is the latest addition to a more than 77 million ton gap from 2007 to last year that the governments ...

Cambodia has yet to set its loan application policies to borrow funds from the Asian Infrastructure Investment Bank (AIIB) because the country can still get highly concessional rates from development partners, Minister of Economy and Finance Aun Pornmoniroth said. ...

The Ministry of Economy and Finance (MEF) is planning to form a joint committee chaired by government officials and microfinance institutions (MFIs) to promote small loan disbursements as the new 18 percent loan interest rate cap takes effect, according to an announcement released by the ...

The Tax Department has announced a one-month extension to its traditional March 31 deadline for companies to submit their annual corporate tax filings – an unprecedented last-minute move that some legal experts argue could be sending the wrong message to taxpayers. ...

Last month’s purchase by Singapore-listed KrisEnergy of a 42.75 percent working interest in the Block A offshore energy concession made them a majority owner in the project, with an overwhelming control of 95 percent of the stakes. This acquisition is expected to accelerate the development ...

Reduced fees for the loading of containers of milled rice for export, fixed for the next two years, came into effect on Tuesday as part of government efforts to boost the rice sector’s global competitiveness. According to a letter signed by Economy Minister Aun Pornmoniroth, dated ...

The first ever smartphone tax app is set to be launched next year in an effort to make tax payments by companies more transparent. The app developed by the General Department of Taxation (GDT) of the Ministry of Finance and Economy, is a platform for individuals ...

As part of ongoing government efforts to modernize and streamline the country’s tax system, 43 tax agent licenses were awarded yesterday. The 43 companies are now legally recognized as offering tax declaration services to the public and private sectors. Eighteen had previously been doing this work ...

A total of 60,000 cubic meters of illegally-felled luxury timber confiscated by the National Anti-Deforestation Committee (NADC) sold at auction yesterday for $15 million, $3 million above the reserve price. Soung Meng Kea, chairman of the subcommittee running the auction and undersecretary of state at the ...

Tax revenue from Cambodia’s 69 licensed casinos reached $37.4 million for the first nine months of the year, growing 35.5 percent compared to the same period last year, according to a report from the Ministry of Economy and Finance. ...

An extensive tax treaty that would shield Chinese businesses operating in the Kingdom from double taxation, and vice versa, has been drafted and is expected to be approved imminently, according to a senior Cambodian tax official. ...

reah Sihanouk provincial authorities have ordered a casino that operated in Sihanoukville shut down after it failed to renew its operating licence, local media reported yesterday.​ ...

Three weeks since Prime Minister Hun Sen approved $27 million in emergency loans to prop up the struggling rice sector, the state-owned bank charged with disbursing the funds said yesterday that it has only granted $1 million in loans, claiming that the number of eligible ...

The 2018 national population census will be pushed back a year in order to focus on the 2018 national elections, the government announced on Friday. According to article 6 of the Statistics Law, the census must be conducted at least once every 10 years, with the ...

Prime Minister Hun Sen has quashed an attempt by the Ministry of Finance to collect back taxes owed on 470 police vehicles, granting them tax-exempt status after a request from the Ministry of Interior. The request, dated September 8, was approved on Tuesday. ...

In an effort to appease rice farmers and stimulate rice millers to purchase fragrant rice currently being harvested across the country, the government announced that it had found $27 million to pay for emergency measures. The Ministry of Economy and Finance released a statement on Friday ...

The Ministry of Economy and Finance finished month-long consultations with key ministries on Thursday in preparation for the drafting of Cambodia’s budget for 2017. ...

With less than three months to the rice harvesting season in November, panic has now set in among rice millers and producers who feel less confident as the days go by that they will be bailed out by government emergency loans ‒ to help them ...

The Ministry of Commerce and the Ministry of Economy and Finance’s general taxation department plan to jointly operate an online business tax registration system in a bid to strengthen tax collection in the country and root out corruption. Sok Sopheak, under-secretary of state of the Ministry ...

The Ministry of Economy and Finance on Monday sought to explain a recent hefty increase in taxes imposed on heavy transportation vehicles, saying it was prompted by a need to support infrastructure maintenance expenditures and cover the elimination of taxes on vehicles smaller than 150cc. ...

The owners of vehicles sporting police number plates must pay vehicle taxes by the end of the month or face having their vehicles impounded, according to the Ministry of Economy and Finance. In a letter to Interior Minister Sar Kheng, Economy and Finance Minister Aun Ponmoniroth ...

In the latest setback to its attempt to sell off millions of dollars worth of seized timber, the government canceled five days of negotiations with potential buyers scheduled for this week, an official said on Monday. ...

Representatives of Cambodia’s rice sector and the Ministry of Economy and Finance (MEF) met yesterday with the International Fund for Agricultural Development (IFAD) to discuss the implementation of a five-year program to promote the Kingdom’s agricultural products. ...