News

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

GDT says revenues up 15% in January

The General Department of Taxation (GDT) collected about 956.76 billion riel ($239.19 million) in tax revenue in January, up 14.74 per cent compared to the same period last year. This is a positive step towards its target of collecting more than $2.885 billion by year’s end, ...

May Kunmakara
https://www.phnompenhpost.com/business/gdt-says-revenues-15-january

Tax revenues exceed 2019 projections

Sound macro-economic performance coupled with political stability resulted in the Kingdom collecting some $6 billion in tax last year, up more than $1.485 billion on the government’s target of $4.56 billion for the period. Of the figure, $2.26 billion was collected by the General Department ...

May Kunmakara
https://www.phnompenhpost.com/business/tax-revenues-exceed-2019-projections

GDT: ‘Tax reforms won’t harm corporations’

The General Department of Taxation (GDT) released a statement on Wednesday aiming to quash fears that the Kingdom’s tax reforms would adversely affect corporate taxpayers, saying the moves are meant to “strengthen tax collection transparently and equitably”. ...

Thou Vireak
https://www.phnompenhpost.com/business/gdt-tax-reforms-wont-harm-corporations

Singapore tech to increase national tax revenue

The General Department of Taxation (GDT) is sourcing for an advanced IT system in Singapore to modernise the Kingdom’s tax system and improve its collection process and efficiency. ...

May Kunmakara
https://www.phnompenhpost.com/business/singapore-tech-increase-national-tax-revenue

Modernisation in IT system increases GDT’s tax collection

Modernizing the tax system through automation has helped increase revenue and transparency in the Kingdom’s tax sector. The General Department of Taxation (GDT) said tax collection had increased by more than 28 per cent in the first 10 months of the year. ...

Thou Vireak
https://www.phnompenhpost.com/business/modernisation-it-system-increases-gdts-tax-collection

GDT collects $2.4B in revenue from taxation in first 10 months

The government collected $2.40 billion in revenue from taxation during the first 10 months of this year – up 28.31 per cent year-on-year from $1.873 billion – a report from the General Department of Taxation (GDT) said on Monday. ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-collects-24b-revenue-taxation-first-10-months

Government collects $4.5B in revenue from tax, customs

A report from the General Department of Taxation (GDT) released on Wednesday showed that the department collected $2.183 billion in taxes, while Prime Minister Hun Sen on the same day announced that $2.384 billion in customs and excise duties was collected during the period. GDT ...

Thou Vireak
https://www.phnompenhpost.com/business/government-collects-45b-revenue-tax-customs

GDT: Chinese companies must fulfil duty obligations

The General Department of Taxation (GDT) said Chinese investment is contributing greatly to the Kingdom’s tax revenue and called on Chinese companies to properly fulfil their tax obligations. Speaking at a forum on Mechanism of Cambodia-China Fiscal Cooperation on Friday, GDT director-general Kong Vibol said: ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-chinese-companies-must-fulfil-duty-obligations

Tax collection rises 66% in H1

The General Department of Taxation (GDT) collected more than $1.5 billion in tax revenue in the first six months of this year, up 66 per cent from the same period last year, according to a report released by the department on Wednesday. ...

Thou Vireak
https://www.phnompenhpost.com/business/tax-collection-rises-66-h1

Gov’t launches revenue strategy

The government launched the Revenue Mobilisation Strategy 2019-2023 on Thursday. The 77-page book details key strategies such as modernisation of the General Department of Taxation’s (GDT) fiscal revenue system in response to the increasing demand for service quality, social equity guarantee and sustainability of revenue ...

Thou Vireak
https://www.phnompenhpost.com/business/govt-launches-revenue-strategy

GDT requires tax invoice amounts shown in local riel

The General Department of Taxation (GDT) has ordered that all taxpayers show the total amount of their tax invoices in Cambodian riel. The change will come into effect on April 1. The GDT instruction issued on Monday indicates that tax invoices are required to show ...

Hor Kimsay
https://www.phnompenhpost.com/business/gdt-requires-tax-invoice-amounts-shown-local-riel

Cambodia’s tax revenue enjoys rise once again

The General Department of Taxation (GDT) collected over $2 billion in tax revenue last year, up 13.37 per cent from the same period in 2017, according to a statement released by the department on Tuesday. At the December 2018 tax collection revenue meeting, General Department ...

Post Staff
https://www.phnompenhpost.com/business/cambodias-tax-revenue-enjoys-rise-once-again

Double taxation accord set to be implemented

The double taxation agreement between Cambodia and three other countries has come into effect and will be implemented from January 1 next year, a General Department of Taxation (GDT) press release said. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/double-taxation-accord-set-be-implemented

General Department of Taxation collects $2B

The General Department of Taxation (GDT) collected more than $2 billion in revenue during the first 11 months of the year, an increase of 12.48 per cent compared to the same period last year, a Tuesday departmental report said. ...

Post Staff
https://www.phnompenhpost.com/business/general-department-taxation-collects-2b

Tax authority reveals new target

The General Department of Taxation (GDT) has announced that it aims to increase revenue from tax collection by 19 percent with a new strategy for the next four years based on sustainability and fair competition in the private sector. ...

Sum Manet
https://www.khmertimeskh.com/50545986/tax-authority-reveals-new-target/

Over $1B collected in tax revenue

The Cambodian government collected more than $1 billion in tax revenue in the first five months of the year, an increase of more than 12 percent compared to the same period last year, according to a monthly report from the General Department of Taxation (GDT) ...

Post Staff
https://www.phnompenhpost.com/business/over-1b-collected-tax-revenue

Tax cuts promised for SMEs that register with GDT

In order to bring more businesses into the regulatory fold, the government has promised attractive new incentives for companies that register before December, including a two-year break on tax revenue. ...

Sok Chan
https://www.khmertimeskh.com/50487285/tax-cuts-promised-for-smes-that-register-with-gdt/

Tax collection rises by 10 percent in Q1

The General Department of Taxation collected more than $761 million in taxes during the first three months of the year, a slight increase of about 10 percent compared to the same period in 2017. ...

May Kunmakara
https://www.khmertimeskh.com/50484337/tax-collection-rises-by-10-percent-in-q1/

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