News

Single Portal registrations top 19K

A total of 19,072 companies were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of November 2, the finance ministry reported, in an achievement seen as a reflection of government efforts to improve the ease of ...

May Kunmakara
https://www.phnompenhpost.com/business/single-portal-registrations-top-19k

Tax chief vows reforms to meet 2023 revenue goal

The General Department of Taxation (GDT) will make further reforms and upgrade the technology used in tax processes to make things easier for taxpayers and ensure the achievement of the 2023 revenue collection target of $3.57170 billion, or 14.46539 trillion riel, according to director-general Kong ...

May Kunmakara
https://www.phnompenhpost.com/business/tax-chief-vows-reforms-meet-2023-revenue-goal

GDT’s tax collection target for 2023 up by $750M

The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...

Manoj Mathew
https://www.khmertimeskh.com/501175487/gdts-tax-collection-target-for-2023-up-by-750m/

GDT revenues 96% of full-year goal

The General Department of Taxation (GDT) announced that it collected $2.69338 billion in tax revenues in the first nine months, equivalent to 95.53 per cent of the full-year target for 2022. This leaves just three months to reach the prescribed 11.419 trillion riel ($2.820 billion). ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-revenues-96-full-year-goal

GDT collects $2,680 million in tax income as of Sept

The General Department of Taxation (GDT) has collected $2,680 million in tax income in three quarters of this year, representing 95 percent of the national budget plan 2022. ...

Chea Vanyuth
https://www.khmertimeskh.com/501159641/gdt-collects-2680-million-in-tax-income-as-of-sept/

Despite risks, GDT collection grows 28.62% in 7 months

Tax authorities have collected approximately $2.21 billion of tax revenue — 78.39 percent of the budget law in the first seven months of the year, which soared by 28.62 percent or about $491.29 million compared to the same period last year, said a release by ...

Kang Sothear
https://www.khmertimeskh.com/501133080/despite-risks-gdt-collection-grows-28-62-in-7-months/

Cambodia collects $3.26 billion in tax revenue in H1, up 22 percent

Cambodia collected $3.26 billion from all sources of taxes in the first half of 2022, up 22 percent from 2.67 billion dollars over the same period last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501116922/cambodia-collects-3-26-billion-in-tax-revenue-in-h1-up-22-percent/

Tax collection crosses 50 percent of financial plan

Cambodia’s tax collection went up in the first four months of this year, reflecting economic activities’ recovery since the government fully reopened the country last November. ...

Chea Vanyuth
https://www.khmertimeskh.com/501075852/tax-collection-crosses-50-percent-of-financial-plan/

Tax income collection rises by 22 percent in Q1

The General Department of Taxation at the Ministry of Economy and Finance collected $1,263 million as tax income from the first three months of this year, a 22 percent increase compared to the same period last year. ...

Chea Vanyuth
https://www.khmertimeskh.com/501060747/tax-income-collection-rises-by-22-percent-in-q1/

Foreign companies reminded to register for VAT before April 1

The General Department of Taxation (GDT) has issued a reminder for foreign companies supplying digital goods, services or any e-commerce activity in Cambodia to fulfil the obligation for Simplified VAT Registration before the April 1 deadline or stand to face fines.​​ ...

Hom Phanet
https://www.phnompenhpost.com/business/foreign-companies-reminded-register-vat-april-1

GDT collects over half a billion dollars in tax revenue from Jan-Feb

The General Department of Taxation (GDT) collected 2.07466 trillion riel, or $512.26 million, in taxes in the first two months of 2022, surging by 22.69 per cent over the same period last year, according to its director-general Kong Vibol on March 14. ...

Hom Phanet
https://www.phnompenhpost.com/business/gdt-collects-over-half-billion-dollars-tax-revenue-jan-feb

GDT rakes in $512 million in taxes in first two months of 2022

In the first two months of this year, the General Department of Taxation has collected about $512 million in taxes, an increase of more than 22% when compared to the same period last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501041398/gdt-rakes-in-512-million-in-taxes-in-first-two-months-of-2022/

Tax revenues reaches $288 million in January 2022

The General Department of Taxation (GDT) of the Ministry of Economy and Finance collected $288.23 million in the first month of this year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501028271/tax-revenues-reaches-288-million-in-january-2022/

GDT gears up to block unregistered companies’ electronic transactions

The General Department of Taxation of the Ministry of Economy and Finance has sought cooperation from 49 Internet companies in Cambodia to block electronic transactions should those enterprises are not registered. ...

Chea Vanyuth
https://www.khmertimeskh.com/501021382/gdt-gears-up-to-block-unregistered-companies-electronic-transactions/

Tax policy touch-ups for projects of financing deals

The General Department of Taxation (GDT) on January 31 instructed relevant ministries, institutions and taxpayers to sort out tax obligations concerning projects under memorandums of understanding (MoU) as well as grant and loan agreements, as per applicable laws, and submit records of potential tax implications ...

Nov Sivutha
https://www.phnompenhpost.com/business/tax-policy-touch-ups-projects-financing-deals

GDT to declutter complex tax laws; to make it simple, orderly

The General Department of Taxation (GDT) is drafting the law on tax aimed to compile a number of confusing tax laws and regulations and respond to the international practice of integrating Cambodia’s economy in the region. ...

Chea Vanyuth
https://www.khmertimeskh.com/501007943/gdt-to-declutter-complex-tax-laws-to-make-it-simple-orderly/

Director General of Taxation says tax collection over past 10 years exceeded target each year

Kong Vibol, Minister Delegate to the Prime Minister and Royal Government Delegate in charge of the General Director of the General Department of Taxation affirmed that in the past 10 years, the General Department of Taxation’s tax revenue collection has been stable, showed good growth ...

Khmer Times Staff
https://www.khmertimeskh.com/50995098/director-general-of-taxation-says-tax-collection-over-past-10-years-exceeded-target-each-year/

Tax collection exceeds $2.56 billion for first 11 months

The General Department of Taxation collected $2.56 billion in tax revenue between January to November this year, exceeding the 2021 targeted plan. Officials and key insiders said the exceeding revenue in the tax sector reflected the government’s efforts on efficient tax collection and the business ...

Chea Vanyuth
https://www.khmertimeskh.com/50988560/tax-collection-exceeds-2-56-billion-for-first-11-months/

Name and shame for tax payment defaulters

The General Department of Taxation of the Ministry of Economy and Finance yesterday re-announced the invitation to all enterprises to come forward and pay their tax debts. ...

Khmer Times Staff
https://www.khmertimeskh.com/50975671/name-and-shame-for-tax-payment-defaulters/

GDT rakes in $2.3B of tax revenue over first 10 months

Although the Covid-19 outbreak has had a prolonged impact on the economy from late 2019 to 2021, it has had little effect on tax revenue, reflecting the effectiveness of tax governance and transparency efforts, according to General Department of Taxation (GDT) chief Kong Vibol.   ...

May Kunmakara
https://www.phnompenhpost.com/business/gdt-rakes-23b-tax-revenue-over-first-10-months

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