News

GDT nets $75 million from e-commerce

The General Department of Taxation (GDT) earned value-added tax (VAT) of $75.5 million on e-commerce in 2023, a year-on-year increase of 71 percent from $44 million recorded in 2022, an official report showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501429247/gdt-nets-75-million-from-e-commerce/

GDT collects $63 million VAT on e-commerce

The General Department of Taxation (GDT) earned value-added tax (VAT) of $62.8 million on e-commerce in the first ten months of the year, a report showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501394733/gdt-collects-63-million-vat-on-e-commerce/

E-commerce tax revenue surges through October

Cambodia garnered $62.8 million in e-commerce value-added tax (VAT) revenue during the first ten months of 2023, signifying a surge in electronic products and services in recent years. The income was collected from 82 non-resident taxpayer enterprises, supplying digital-related goods from abroad, according to the ...

May Kunmakara
https://www.phnompenhpost.com/business/e-commerce-tax-revenue-surges-through-oct

PM: Cambodian entrepreneurs to use Alibaba e-commerce platform to take full advantage of international market

Prime Minister of Cambodia, Dr. Hun Manet, received Ms. Wen Jia, President of the Public Affairs Department of Alibaba Group, on the side-lines of the 3rd Road and Belt Forum for International Coordination in Beijing, China yesterday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501378260/pm-cambodian-entrepreneurs-to-use-alibaba-e-commerce-platform-to-take-full-advantage-of-international-market/

Concerns in Cambodia over Indonesia’s e-commerce rules

Indonesia’s new regulations curtailing e-commerce have raised concerns in Cambodia as experts warned that such moves can harm the integration of the regional economy, the progress of digitalization and the future of cross-border trade. ...

Manoj Mathew
https://www.khmertimeskh.com/501375024/concerns-in-cambodia-over-indonesias-e-commerce-rules/

E-commerce tax earnings hit $52.2M in first 8 months

Up to 211.2 billion riel or $52.2 million of e-commerce tax revenue was collected by the General Department of Taxation (GDT) in the first eight months of 2023 amid rapid online business growth around the world, including Cambodia. ...

Hin Pisei
https://www.phnompenhpost.com/business/e-commerce-tax-earnings-hit-522m-first-8-months

Cambodia, China to set up e-commerce training centre

Cambodia and China are discussing plans to establish e-commerce technical training centres or institutes in Cambodia amid the global boom of e-commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-china-set-e-commerce-training-centre

Online biz registrations surging

The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...

Hin Pisei
https://www.phnompenhpost.com/business/online-biz-registrations-surging

AOSD to showcase Asean market diversity

To showcase the potential of online sales, cross-border trade, digital entrepreneurship and market diversity within the region, the ASEAN Online Sale Day (AOSD) will be held for two weeks from August 8 this year. ...

Manoj Mathew
https://www.khmertimeskh.com/501336876/aosd-to-showcase-asean-market-diversity/

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

Cambodia earns nearly $21 million in taxes from e-commerce

Cambodia’s General Department of Taxation (GDT) made e-commerce value-added tax (VAT) income of $20.9 million from the operations of electronic goods and services in the first quarter of 2023, a GDT report said on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501278795/cambodia-earns-nearly-21-million-in-taxes-from-e-commerce/

Digital payments in Cambodia to touch $4.73B this year

Cambodia’s digital payments sector, powered by key industry players, is expected to make greater headway this year and the total payments may touch $4.73 billion, according to some estimates. ...

Manoj Mathew
http://khmertimeskh.com/501267158/digital-payments-in-cambodia-to-touch-4-73b-this-year/

VISA commits to promotion of e-commerce and digital economy of Cambodia

VISA has committed to the enhancement of e-commerce and digital economy of Cambodia, affirmed Chris Clark, VISA’s Regional President for Asia Pacific, while paying a courtesy call on Pan Sorasak, Minister of Commerce, at the ministry office yesterday afternoon. ...

Khmer Times Staff
https://www.khmertimeskh.com/501257303/visa-commits-to-promotion-of-e-commerce-and-digital-economy-of-cambodia/

Digitalisation drive gives MSMEs a business boost

More than 170 Cambodian micro-, small- and medium-sized enterprises (MSMEs) have successfully transitioned their businesses online as part of a digital drive to become more resilient in the future, under a UNDP-led programme. ...

Marissa Carruthers
https://kiripost.com/stories/cambodia-digitalisation-drive-gives-msmes-a-business-boost

GDCE reviews efficacy of trade facilitations

The General Department of Customs and Excise (GDCE) at a meeting on Tuesday with representatives of ministries, technical officials and members of express delivery companies discussed priorities, like the promotion of the cross-border e-commerce sector, use of risk management mechanisms, enhancing the effectiveness of tax ...

Hong Sovannary
https://www.khmertimeskh.com/501247700/gdce-reviews-efficacy-of-trade-facilitations/

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

Ministry mulls Alibaba deal to boost int’l sales

The government is exploring the idea of entering into a memorandum of understanding (MoU) with Chinese e-commerce giant Alibaba Group to shore up international online sales of Cambodian products.​Minister of Commerce Pan Sorasak on February 14 chaired a first key meeting of an ad-hoc working ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-mulls-alibaba-deal-boost-intl-sales

Cambodian ministry signs MoU with private company on e-commerce cooperation

Cambodia’s Ministry of Commerce and Lanton Cloud Service Technology Co., Ltd. have signed a memorandum of understanding (MoU) on strategic cooperation to promote the kingdom’s e-commerce, said a ministry’s news release on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501239890/cambodian-ministry-signs-mou-with-private-company-on-e-commerce-cooperation/

GDT changes VAT rules for e-commerce transactions for taxable persons who are non-resident taxpayers

The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has changed its instruction on implementing the value-added tax (VAT) on e-commerce transactions ...

Kang Sothear
https://www.khmertimeskh.com/501229020/gdt-changes-vat-rules-for-e-commerce-transactions/

Cambodia’s e-commerce market eyes $1.78B by 2025

With the growing reach of the Internet, better access to newer technologies, increasing digitization, and rise in income levels, the e-commerce sector in Cambodia is marching ahead on a firm growth path. ...

Prakash Jha
https://www.khmertimeskh.com/501214272/cambodias-e-commerce-market-eyes-1-78b-by-2025/

University students encouraged to focus on digital technology

Ministry of Commerce (MoC) has encouraged university students in Cambodia to focus on digital technology and innovation developments amid the remarkably growing Industry Revolution 4.0 and e-commerce business after the e-commerce law was passed.​ ...

Kang Sothear
https://www.khmertimeskh.com/501139165/university-students-encouraged-to-focus-on-digital-technology/

RCEP, CCFTA give boost to e-commerce development

The Regional Comprehensive Economic Partnership (RCEP) trade pact and the Cambodia-China Free Trade Agreement (CCFTA) have given a boost to the fledgling e-commerce industry in Cambodia, experts said on Monday . ...

Khmer Times Staff
https://www.khmertimeskh.com/501111535/rcep-ccfta-give-boost-to-e-commerce-development/

Rise in digital payments driving force for e-commerce growth in Cambodia

The sharp rise in digital payments is a driving force for the development of e-commerce in Cambodia, Jack Lee, chief executive officer and founder of online market Smile Shop in Cambodia, said on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501111773/rise-in-digital-payments-driving-force-for-e-commerce-growth-in-cambodia/

RCEP, CCFTA give boost to e-commerce development in Cambodia

The Regional Comprehensive Economic Partnership (RCEP) trade pact and the Cambodia-China Free Trade Agreement (CCFTA) have given a boost to development of the fledgling e-commerce industry in Cambodia, experts said on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501111053/rcep-ccfta-give-boost-to-e-commerce-development-in-cambodia/

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