Taxation

Cambodia is undergoing property tax reform but says it is administrative with a focus on improving the registration and valuation of properties while strengthening enforcement and compliance. ...

A General Department of Taxation (GDT) official on February 22 listed some of the assets that would be exempt from capital gains tax once it comes into force in January 1, 2022 and shed light on some of the finer subtleties of the tax. ...

From early next month, the special tariffs on imported family vehicles will be reduced by 10 to 25 percent according to engine size, according to an announcement from the General Department of Custom and Excise. ...

The General Department of Taxation (GDT) of Ministry of Economy and Finance earned 879 billion riels (approximately $217 million) from tax income in January this year. ...

Minister of Economy and Finance Aun Pornmoniroth has proposed an adjustment on vehicle import duty, to be effective from March 1, to revive the market and buttress the logistics sector after customs clearance revenue on vehicles fell by 40 percent in 2020 from a year ...

Cambodia Post Bank Plc achieved another significant milestone on Monday after the General Department of Taxation of Cambodia allowed the financial institution to collect taxes. ...

The South Korean Assembly has passed a bill to ratify a double tax agreement (DTA) with Cambodia. Double Taxation Agreements (DTAs) are treaties between two or more countries to avoid international double taxation of income and property. ...

The Ministry of Economy and Finance has issued a prakas (directive) for the classification of taxpayers doing business in the Kingdom currently under the existing self-assessment regime. ...

The Japanese government will assist the Cambodian General Department of Customs and Excise of Cambodia (GDCE) in setting up an automated customs clearance system that will speed up cargo clearance time, alleviating congestion problems that slow the process.​​ ...

The Minister of Economy and Finance’s General Department of Taxation (GDT) collected 11.70052 trillion riel ($2.87 billion) in tax revenue last year, up 423.20 billion riel or 3.73 per cent compared to 2019, it said in a January 11 press release. ...

The double tax avoidance agreement (DTA) between Cambodia and Malaysia came into effect on January 1, ushering in optimism and hope in the private sector that bilateral investment will garner steam. Royal Code NS/RKM/1120/023, dated November 14, 2020, promulgated the “Law on the Approval of ...

The Royal Government of Cambodia collected $5.3 billion as tax and customs revenues in 2020, although the Kingdom’s economy is being hit by the COVID-19 crisis. ...

Cambodian importers and exporters can now apply for ASEAN Customs Declaration Documents (ACDD) electronically through the ASEAN Single Window (ASW), the General Department of Customs and Excise of Cambodia (GDCE) said on December 24. ...

Tax cuts and exemptions will be extended to help companies and unemployed workers better weather the ongoing effects of the COVID-19 pandemic, according a statement issued last week by the government. ...

The government has decided to extend the stamp duty tax exemption deadline for property worth less than $70,000 from January to December 2021. The official announcement, released this week, is intended to boost the economy by encouraging more property transactions.  In its announcement, the government ...

The General Department of Taxation (GDT) is set to launch a property tax app soon, according to a senior official. Director-General Kong Vibol announced this during a GDT Special Live Show that provided an update on the tax department’s activities. ...

The government has decided to slash customs tariff rates and special tariffs on some imported goods and raw materials in a bid to lift investor sentiment out of the Covid-19 doldrums. Prime Minister Hun Sen on December signed a sub-decree to this end, which will go ...

The General Department of Taxation (GDT) rode out the challenges presented by the Covid-19 pandemic and the downturn in the regional and global economies to reach nearly 95 per cent of its annual revenue collection target as of December 16.​ ...

As revenues have soared, the General Department of Customs and Excise of Cambodia (GDCE) has opted not to impose new value-added taxes (VAT) on select agricultural equipment in policies set to take effect on January 1, next year. ...

The Ministry of Economy and Finance on November 20 issued Prakas No 962 SHV BrK on Tax Debt Management. The new prakas sets forth rules and procedures relating to tax debt management and aims to ensure a more efficient, effective and transparent collection process. ...

The government’s tax collection remains strong even during the COVID-19 pandemic, reaching more than $2.25 billion in the first nine months of this year, according to a report by the General Department of Taxation (GDT). ...

The General Department of Taxation (GDT) has officially launched a mediation software tool to help with financial management information systems and tax data management. The purpose of introducing it is to modernise and automate revenue-sharing data between the tax data management and financial information. ...

The high-rate of special tax of 10-25 percent on oil for production is one of the burdens facing the advancement of manufacturing industries in Cambodia that have a target to increase added-value by using machinery in the production chain, according to the Japanese Business Association ...

The Royal Government of Cambodia collected $2,956 billion as revenue from all sources of taxes, a slight decrease of 0.7 percent compared to the same period last year. ...