Government
Taxation
Cambodia's tax revenue reaches nearly 1 bln USD in 11 months
The Cambodia’s General Department of Taxation reported Friday that it collected 959 million U.S. dollars in taxes during the first eleven months of 2014, up 20 percent over the same period last year. ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=258244
Cambodia's January-October tax revenue up 19 pct
Cambodia collected 884 million U.S. dollars in taxes in the first ten months of 2014, a 19 percent increase over the same period last year, said a statement of the General Department of Taxation on Monday. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-11/17/c_133795928.htm
Cambodia tax system worse off
Cambodia’s taxation system fell five places on the World Bank’s 2015 Doing Business index (DBI). The index, which tallied up 230 business reforms from 189 economies, showed the ease of paying taxes in Cambodia has declined from position 85 in 2014 to 90 this year. Cambodia’s ...
Eddie Morton
http://phnompenhpost.com/business/cambodia-tax-system-worse
Poipet city taxi drivers protest new checkpoint
Dozens of taxi drivers in Poipet City protested Monday against the creation of a new checkpoint where they are forced to pay costly bribes to transport goods that have been smuggled across the border from Thailand. ...
Ouch Sony
http://www.cambodiadaily.com/news/poipet-city-taxi-drivers-protest-new-checkpoint-71112/
Tax regulation gets a shake up
In an effort to centralise tax registrations and improve taxpayer accountability, the Ministry of Economy and Finance (MoEF) this month passed a raft of changes to the country’s tax registration regulations. Prakas 1139, issued by the MoEF on October 9, states that all legal entities including ...
Eddie Morton
http://phnompenhpost.com/post-weekend/tax-regulation-gets-shakeup
Hun Sen says civil servants to get tax break
Prime Minister Hun Sen said on Thursday that civil servants making less than 800,000 riel, or about $200, a month will be exempt from paying income taxes, just days after the Finance Ministry sent a very different message to the country’s garment workers. ...
Hul Reaksmey
http://www.cambodiadaily.com/news/hun-sen-says-civil-servants-to-get-tax-break-69534/
Property tax revenue for this year tops $1M
With the deadline for property owners to pay their dues passing today, Acleda Bank – one of two agencies collecting tax for the government – has received over $1 million in property tax payments this financial year. So Phonnary, executive vice president of Acleda Bank, told ...
Hor Kimsay
http://phnompenhpost.com/business/property-tax-revenue-year-tops-1m
Youth seek tobacco curbs: org
A survey has found that while only 12 per cent of young Cambodians smoke cigarettes, more than four times that number are exposed to passive smoke every day, and a broad majority back tougher regulation of tobacco products. Mom Kong, executive director at the Cambodian Movement ...
Sen David
http://www.phnompenhpost.com/national/youth-seek-tobacco-curbs-org
Cambodia earns 532 mln USD tax revenue in H1
Cambodia collected 532 million U.S. dollars in tax revenue during the first half of 2014, up 13 percent over the same period last year, said a news statement released by the General Department of Taxation on Wednesday. The revenue came from an increase in income taxes, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-07/23/c_133505529.htm
More work needed at the tax dept, JICA says
The General Tax Department of Cambodia (GTD) needs to improve a number of administration processes to enhance revenue collection and make a greater contribution to the economy, a recent study released yesterday by Japan International Cooperation Agency (JICA) reveals. According to data from GTD, Cambodia ...
Hor Kimsay
http://www.phnompenhpost.com/business/more-work-needed-tax-dept-jica-says
Vendors with a licence to forge
On the side of a well-trafficked street in Phnom Penh’s Daun Penh district, a man with a razor blade bends over a small rectangle of sheet metal overlaid with a vinyl stencil. As letters and numbers are lifted away, the plate begins to take on a ...
Buth Reaksmey Kongkea
http://www.phnompenhpost.com/national/vendors-licence-forge
Tax revenue rises but at slower pace
The government’s tax revenue increased for the first five months of the year, but despite recent reforms, the growth rate is at a slower pace than for the corresponding period last year. According to data from General Department of Taxation (GDT) released on Wednesday, the state ...
May Kunmakara
http://www.phnompenhpost.com/business/tax-revenue-rises-slower-pace
Cambodia's tax revenue up 12 pct in first 5 months
Cambodia collected 444 million U. S. dollars in tax revenue during the first five months of the year, up 12 percent over the same period last year, said a press statement released by the General Department of Taxation on Wednesday. In May alone, the department ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-06/04/c_133384006.htm
Cambodia’s tobacco tax to go up, slightly
In less than two months, smokers indulging in Cambodia’s inexpensive cigarettes will have to reach a little deeper into their wallets. Starting in July, the tax on cigarettes will jump from 20 per cent to 30 per cent of the retail price, with a tax base ...
Sen David
http://www.phnompenhpost.com/national/cambodia%E2%80%99s-tobacco-tax-go-slightly
Government spending, foreign aid up in 2013
Government spending increased 32 per cent last year, while increases in both domestic revenue and foreign aid helped stabilise Cambodia’s budget deficit, according to budget statements from the Ministry of Economy and Finance (MEF). The consolidated financial records, which were released on May 8, show Cambodia’s ...
Eddie Morton
http://www.phnompenhpost.com/business/government-spending-foreign-aid-2013
Customs agreement gets green light at NA
The National Assembly approved changes to the country’s customs law yesterday, in order to comply with Association of Southeast Asian Nations intergration standards. The changes demand border operations increase human resources, reduce paperwork and modernise procedures in order to simplify border exchange and facilitate trade between ...
May Kunmakara
http://www.phnompenhpost.com/business/customs-agreement-gets-green-light-na
Oz an example for mining reform
Inspired by Australian mining regulations, the Cambodian government is considering a raft of changes to the mineral resources mining law, including a rethink of the sector’s comparatively high tax rate. Citing discussions held with Western Australia state mining industry representatives last week, Meng Saktheara, secretary of ...
Eddie Morton
http://www.phnompenhpost.com/business/oz-example-mining-reform
For Union Leader on Run, Militant Attitude Prevails
Tax revenue increased 9.5 percent to $353.46 million in the first quarter of the year, compared to the same period last year, according to a statement released Friday by the Ministry of Finance’s general department of taxation. Kong Vibol, general director of the taxation department, said ...
Hul Reaksmey
http://www.cambodiadaily.com/business/tax-revenue-up-9-5-percent-in-first-quarter-58489/
Acleda takes on tax collection role
Taxpayers are now able to pay their dues at Acleda Bank as the government seeks to outsource its tax revenue collection to the private sector, the head of Cambodia’s largest bank said yesterday. In Channy, president and CEO of Acleda bank, told the Post that the ...
Hor Kimsay and Daniel de Carteret
http://www.phnompenhpost.com/business/acleda-takes-tax-collection-role
Government audit five years late, lacking
More than five years after the close of the 2008 fiscal year, the National Audit Authority (NAA) on Thursday released its audit into the government’s financial management in 2008. The 38-page report is only the third such audit carried out since the department opened in 2000 ...
Hul Reaksmey
http://www.cambodiadaily.com/news/government-audit-five-years-late-lacking-57355/
Tax dept can’t do job, report says
Cambodia’s tax department is under-resourced and understaffed, thereby hindering its ability to generate revenue, according to an Asian Development Bank (ADB) analysis released earlier this month. The analysis, which took into account survey results from 22 tax revenue bodies across Asia between 2012 and 2013, paints ...
Eddie Morton
http://www.phnompenhpost.com/business/tax-dept-can%E2%80%99t-do-job-report-says
In effeminate tones, Hun Sen lampoons opposition politicians
Prime Minister Hun Sen used the opening ceremony of a dam in Pursat province Thursday to act out a scene of biting political satire by pouring scorn on promises from the opposition CNRP to simultaneously reduce food prices in markets, while increasing prices paid to ...
Khuon Narim
http://www.cambodiadaily.com/news/in-effeminate-tones-hun-sen-lampoons-opposition-politicians-55131/
Logging firm fails again to notify and pay taxes
Logging by Vietnamese-owned concessionaire Company 72 has once again spilled the boundaries of its land in Ratanakkiri’s O’Yadav district, this time without paying proper taxes to the Forestry Administration (FA), local forest conservation activist Romas Svang said yesterday. ...
Sen David
http://www.phnompenhpost.com/national/logging-firm-fails-again-notify-and-pay-taxes
New rules for taxmen
Following an order from Prime Minister Hun Sen last month to crack down on intimidation and harassment by tax collectors in local markets, City Hall pledged to take legal action yesterday. Phnom Penh governor Pa Socheatvong told municipal and provincial governors that fines for rogue collectors ...
Vong Sokheng
http://www.phnompenhpost.com/national/new-rules-taxmen