News
GDT brings in $20.9M of e-commerce VAT over Q1
The General Department of Taxation (GDT) announced that it collected 84.67 billion riel, or $20.91 million, in value-added tax (VAT) from e-commerce in the first quarter of the year, which is seen as a reflection of the boom in online transactions witnessed since the advent ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-brings-209m-e-commerce-vat-over-q1
$20.91m in VAT collected in three months
Cambodia’s General Department of Taxation (GDT) collected $20.91 million in value-added tax (VAT) on e-commerce transactions in the first quarter of 2023. ...
Seng Mengheng
https://kiripost.com/stories/2091m-in-vat-collected-in-three-months
$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 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/
Survey finds VAT issues as major concern
The Majority of participants in a survey conducted by the European Chamber of Commerce in Cambodia (EuroCham) have reported that they experienced issues with regard to Value Added Tax (VAT) that included non-issuance of refunds. ...
Manoj Mathew
https://www.khmertimeskh.com/501175671/survey-finds-vat-issues-as-major-concern/
Cambodia starts collecting VAT on e-commerce
Cambodia started imposing value added tax (VAT) on e-commerce from April 1 after a three-month delay. ...
Khmer Times Staff
https://www.khmertimeskh.com/501053572/cambodia-starts-collecting-vat-on-e-commerce/
Government to drop VAT on agricultural exports
Local firms will no longer be charged value-added tax (VAT) on exports of agricultural goods, Prime Minister Hun Sen announced Friday. The premier said dropping VAT charges on exports of agricultural products – including milled rice, corn, cassava, and pepper – will enhance the competitiveness ...
Chea Vannak
https://www.khmertimeskh.com/50591970/government-to-drop-vat-on-agricultural-exports/
Tax pulled after mutiny
Just one day after the Kingdom’s microlenders mutinied and said they would not implement a government directive requiring all financial institutions to implement a 10 percent value-added tax (VAT) on fees for financial services, the Tax Department announced it would back down and temporarily suspend ...
Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/tax-pulled-after-mutiny
Microlenders refuse to apply prescribed VAT
The industry body representing the Kingdom’s myriad microfinance institutions (MFIs) threw down the gauntlet yesterday, announcing that its members had categorically rejected a government directive that orders them to charge a value-added tax (VAT) on financial services fees and would not apply it. ...
Hor Kimsay
http://www.phnompenhpost.com/business/microlenders-refuse-apply-prescribed-vat
Bank services VAT seen as ‘inefficient’
Banking sector leaders have expressed concern over a new government decree that places additional fees on financial services, warning that the costs of what some have described as an “impractical and inefficient” tax would likely be passed along to consumers. ...
Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/bank-services-vat-seen-inefficient
Customs, excise tax collection rise
The tax collection from General Department of Customs and Excise (GDCE) in the first nine months of the year amounted to $1.3 billion, up 16 percent from the same period last year. ...
Sum Manet
http://www.khmertimeskh.com/news/30669/customs--excise-tax-collection-rise/
Government waives 10 percent VAT for rice
The government decided to drop a 10 percent value added-tax (VAT) for rice products during a meeting on Wednesday between representatives of the rice sector and government officials at the Council for the Development of Cambodia in Phnom Penh, officials said. ...
Kang Sothear
https://www.cambodiadaily.com/news/government-waives-10-percent-vat-for-rice-110676/
