News

Tax inspections on vehicles to begin in early February

Tax officials in collaboration with sub-national authorities will begin tax inspections on all means of transportation and vehicles for 2020 throughout the country by early next month. ...

Mom Kunthear
https://www.phnompenhpost.com/national/tax-inspections-vehicles-begin-early-february

Tax collection near $3B in 2020

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. ...

Hin Pisei
https://www.phnompenhpost.com/business/tax-collection-near-3b-2020

Despite COVID-19 pandemic, Cambodia’s tax revenue continues to rise, touching $5.3 billion

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. ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50798745/despite-covid-19-pandemic-cambodias-tax-revenue-continues-to-rise-touching-5-3-billion/

Tax cuts and exemptions extended

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. ...

Jason Boken
https://www.khmertimeskh.com/50797743/tax-cuts-and-exemptions-extended-2/

GDT set to launch property tax app

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. ...

Sok Chan
https://www.khmertimeskh.com/50795586/gdt-set-to-launch-property-tax-app/

GDT’s tax collection unfazed by Covid

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.​ ...

May Kunmakara
https://www.phnompenhpost.com/business/gdts-tax-collection-unfazed-covid

GDT terminates the E-VAT Refund System

General Department of Taxation (GDT) has announced to the taxpayers that it has terminated the electronic value added tax refund system (E-VAT Refund System), replacing it with the electronic filing system (E-Filing System), according to the GDT’s announcement. ...

Sok Chan
https://www.khmertimeskh.com/50792276/gdt-terminates-the-e-vat-refund-system/

New digital platforms to ease tax collection and management

The General Department of Taxation (GDT) has organised an official signing ceremony of the letter of User Acceptance Testing (UAT), and launched the trial of a Data and Information Sharing Automatic System, according to a recent GDT’s press release. ...

Lim Nary/AKP
https://www.khmertimeskh.com/50787198/new-digital-platforms-to-ease-tax-collection-and-management/

Capital gains tax delayed to 2022

The government has decided to delay the implementation of capital gains tax to Jan 1, 2022, according to a statement from the General Department of Taxation (GDT). ...

Sok Chan
https://www.khmertimeskh.com/50776024/capital-gains-tax-delayed-to-2022/

Tax collection ‘strong’

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). ...

Sorn Sarath
https://www.khmertimeskh.com/50772989/tax-collection-strong/

Tax dept launches mediation tool

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. ...

Sorn Sarath
https://www.khmertimeskh.com/50766648/tax-dept-launches-mediation-tool/

Cambodia collects close to $1.9 billion in fiscal revenue in first seven months

The General Department of Taxation (GDT) collected 7,605.46 billion Riel (approximately $1,877.89 million) as tax revenue in the first seven months of this year, a 9.6 percent increase compared to the same period last year. ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50755254/cambodia-collects-close-to-1-9-billion-in-fiscal-revenue-in-first-seven-months/

Cambodia collects $2.95 billion as fiscal revenue in first half of 2020

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. ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50746069/cambodia-collects-2-95-billion-as-fiscal-revenue-in-first-half-of-2020/

Cambodia collected $1.6 billion in tax revenue

The General Department of Taxation (GDT) collected 6,820.48 billion Riel (approximately $1,684 million) in tax revenue in the first semester of this year, a 12 percent increase compared to the same period last year. ...

Chea Vannak
https://www.khmertimeskh.com/50744480/cambodia-collected-1-6-billion-in-tax-revenue/

Gov’t collects $1.68B in tax revenue

The General Department of Taxation (GDT) collected $1.68407 billion in tax revenue in the first half of this year, up $181.68 million or 12 per cent compared to the same period last year, it said in a press release. Issued at a meeting on the ...

Hin Pisei
https://www.phnompenhpost.com/business/govt-collects-168b-tax-revenue

Road tax on vehicles gears up next month

The General Department of Taxation (GDT) has announced that the window for paying vehicle tax will be from next month until November. The deadline for paying not later than Nov 30 or vehicle owners will face a penalty charge. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50727329/road-tax-on-vehicles-gears-up-next-month/

GDT crackdown returns over $1 million in unpaid tax fines

The General Department of Taxation (GDT) has collected more than $1 million in fines from more than 5,000 vehicles that have not paid their 2019 tax on time.​ ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50701111/gdt-crackdown-returns-over-1-million-in-unpaid-tax-fines

Deadline set to apply for DTA tax benefits

The General Department of Taxation (GDT) has announced that companies wanting to benefit from tax cuts resulting from the country’s double taxation avoidance (DTA) agreements must send in their applications before March 31. ...

May Kunmakara
https://www.phnompenhpost.com/business/deadline-set-apply-dta-tax-benefits

Policy against economic risks turns to action

The Ministry of Economy and Finance on Tuesday issued two separate letters to its General Department of Taxation (GDT) and its General Department of Customs and Excise (GDCE) ordering immediate action to mitigate risk to the Kingdom’s economy. ...

May Kunmakara
https://www.phnompenhpost.com/business/policy-against-economic-risks-turns-action

No more stamp duty on homes sold under $70k

The government has decided to exempt the 4 percent stamp tax on all residential properties valued less than $70,000 until January to contribute to sustaining the country’s economic growth. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50695071/no-more-stamp-duty-on-homes-sold-under-70k

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