News
Cambodia collects $1.9 billion taxes in Q1
Cambodia collected $1.9 billion from all sources of taxes in the first quarter (Q1) of 2023, up 2 percent from nearly $1.86 billion in the same period last year, according to press statements released on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501273079/cambodia-collects-1-9-billion-taxes-in-q1/
Government approves new draft law on taxation
The Cambodian government on Friday approved a new draft taxation law which is said to contribute to promoting and enhancing the Cambodian business sector, increase the favorable investment environment, and strengthen fiscal compliance. ...
Chea Vanyuth
https://www.khmertimeskh.com/501266503/government-approves-new-draft-law-on-taxation/
Cambodia faces serious tax crimes, says Kong Vibol
Tax, economic, financial and money-laundering crimes have become major impediments in Cambodia’s march to progress said Kong Vibol, Director General of the General Department of Taxation (GDT) on Thursday. Internal tax authorities have been seriously facing tax crimes, he observed. ...
Kang Sothear
https://www.khmertimeskh.com/501261473/cambodia-faces-serious-tax-crimes-says-kong-vibol/
Taxation law may take effect in ‘next 2-3 months’: GDT
The new Law on Taxation may be promulgated as soon as “in the next two or three months”, replacing the 1997 original, aiming to bring the Cambodian tax regime more in line with current and anticipated international standards and economic environment, as well as to ...
May Kunmakara
https://www.phnompenhpost.com/business/taxation-law-may-take-effect-next-2-3-months-gdt
Tax system to be updated to make payment easy, evasion tough
The General Department of Taxation (GDT) during a meeting on Tuesday announced a work plan for this year with an emphasis on developing a system that will make paying taxes easy and evasion difficult. ...
Hong Sovannary
https://www.khmertimeskh.com/501255720/tax-system-to-be-updated-to-make-payment-easy-evasion-tough/
GDT earns nearly $540 million in January-February
The General Department of Taxation (GDT) has collected $539 million as tax income in the first two months of this year, representing 15 percent of the national budget plan 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501256139/gdt-earns-nearly-540-million-in-january-february/
Over $53M in e-commerce taxes since May, GDT says
The General Department of Taxation (GDT) reports that it has collected 214.68 billion riel ($53.01 million) in taxes from e-commerce to date since May 2022 – with an above-average 36.62 billion riel or $9.04 million last month alone – in a feat seen as an ...
May Kunmakara
https://www.phnompenhpost.com/business/over-53m-e-commerce-taxes-may-gdt-says
GDT collects over $300M in taxes for January
The General Department of Taxation (GDT) collected $300.59 million in tax revenue last month, or about 8.42 per cent of the $3.57170 billion target set in the 2023 Law on Financial Management, marking a 4.29 per cent increase over January 2022. ...
Lay Samean
https://www.phnompenhpost.com/business/gdt-collects-over-300m-taxes-january
PM pats GDT chief on back after record tax revenues
Prime Minister has congratulated General Department of Taxation (GDT) chief Kong Vibol on a job well done after the agency last year collected revenues equivalent to 122.54 per cent of the target set by the annual financial management law, in the “highest surplus of all ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-pats-gdt-chief-back-after-record-tax-revenues
PM appreciates GDT for increased tax collection
Prime Minister Hun Sen lauded the General Department of Taxation (GDT) for its efforts in collecting tax revenue that exceeded the budget plan in 2022, adding that the increased tax revenue contributed to the national economic development. ...
Chea Vanyuth
https://www.khmertimeskh.com/501230997/pm-appreciates-gdt-for-increased-tax-collection/
GDT intends to simplify tax payments for all businesses
Cambodian taxes can currently be paid at 10 commercial banks, thanks to memorandums of understanding (MoU) signed by the Ministry of Economy and Finance in a bid to improve tax administration efficiency and make life easier for taxpayers, according to a General Department of Taxation ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-intends-simplify-tax-payments-all-businesses
Single Portal entries pass 21K after 222 firms added in a week
A total of 222 companies were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – in the week from 2pm January 16 to 2pm on the 23rd, bringing the cumulative figure to 21,137, according to the Online Business ...
Hin Pisei
https://www.phnompenhpost.com/business/single-portal-entries-pass-21k-after-222-firms-added-week
Tax collection exceeds 22% of plan last year
The General Department of Taxation (GDT) at the Ministry of Economy and Finance collected $3.45 billion as income from taxes in 2022, which is equivalent to 122 percent of the target for the year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501222609/tax-collection-exceeds-22-of-plan-last-year/
$1.5 billion collected as VAT till Nov 2022; June most rewarding
The Royal Government of Cambodia collected $1.5 billion in value added tax (VAT) for goods and services in the first eleven months of 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501216673/1-5-billion-collected-as-vat-till-nov-2022-june-most-rewarding/
GDT issues guidelines for new salary tax implementation
The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) yesterday issued a set of guidelines for all enterprises that are resident taxpayers, public institutions and non-governmental organisations (NGOs) and have tax obligations to implement the new monthly salary tax from ...
Kang Sothear
https://www.khmertimeskh.com/501214800/gdt-issues-guidelines-for-new-salary-tax-implementation/
Implementation of new income, salary tax come into effect
All organisations and institutions associated with the Royal Government of Cambodia have started implementing the new taxes on the annual income of individuals and sole proprietorship businesses and monthly salaries of resident employees from January 1, 2023, following a new sub-decree issued on September 28, ...
Kang Sothear
https://www.khmertimeskh.com/501213229/implementation-of-new-income-salary-tax-come-into-effect/
GDT earns $37 million on e-commerce VAT income
The General Department of Taxation earned e-commerce value-added tax (VAT) income of $37 million from the operation of electronic goods and services till November this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501202644/gdt-earns-37-million-on-e-commerce-vat-income/
GDT collects $3.21B as taxes by November end
The General Department of Taxation (GDT) collected $3.21 billion as taxes in the first eleven months of 2022, which is equivalent to 113.99 percent of the target set for 2022. ...
Sok Sithika
https://www.khmertimeskh.com/501202643/gdt-collects-3-21b-as-taxes-by-november-end/
Single Portal registrations top 19K
A total of 19,072 companies were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of November 2, the finance ministry reported, in an achievement seen as a reflection of government efforts to improve the ease of ...
May Kunmakara
https://www.phnompenhpost.com/business/single-portal-registrations-top-19k
Tax chief vows reforms to meet 2023 revenue goal
The General Department of Taxation (GDT) will make further reforms and upgrade the technology used in tax processes to make things easier for taxpayers and ensure the achievement of the 2023 revenue collection target of $3.57170 billion, or 14.46539 trillion riel, according to director-general Kong ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-chief-vows-reforms-meet-2023-revenue-goal
GDT’s tax collection target for 2023 up by $750M
The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...
Manoj Mathew
https://www.khmertimeskh.com/501175487/gdts-tax-collection-target-for-2023-up-by-750m/
GDT revenues 96% of full-year goal
The General Department of Taxation (GDT) announced that it collected $2.69338 billion in tax revenues in the first nine months, equivalent to 95.53 per cent of the full-year target for 2022. This leaves just three months to reach the prescribed 11.419 trillion riel ($2.820 billion). ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-revenues-96-full-year-goal
GDT collects $2,680 million in tax income as of Sept
The General Department of Taxation (GDT) has collected $2,680 million in tax income in three quarters of this year, representing 95 percent of the national budget plan 2022. ...
Chea Vanyuth
https://www.khmertimeskh.com/501159641/gdt-collects-2680-million-in-tax-income-as-of-sept/
Despite risks, GDT collection grows 28.62% in 7 months
Tax authorities have collected approximately $2.21 billion of tax revenue — 78.39 percent of the budget law in the first seven months of the year, which soared by 28.62 percent or about $491.29 million compared to the same period last year, said a release by ...
Kang Sothear
https://www.khmertimeskh.com/501133080/despite-risks-gdt-collection-grows-28-62-in-7-months/