News

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

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/

Hun Sen, tax chief accuse US of lying about cuts to aid

Prime Minister Hun Sen and tax chief Kong Vibol accused the US of lying about cutting assistance to Cambodia, claiming that one of the programs on the chopping block hasn’t existed since 2016. In a speech to garment workers in the Sihanoukville SEZ on Saturday, ...

Mech Dara and Daphne Chen
http://www.phnompenhpost.com/national/hun-sen-tax-chief-accuse-us-lying-about-cuts-aid

Tax revenue exceeds expectations following reforms

The General Department of Taxation (GDT) collected $1.93 billion in tax revenue last year, a 30 percent increase over 2016 and well above the government’s own projections, according to the department’s director, Kong Vibol.​ ...

Hor Kimsay
http://www.phnompenhpost.com/business/tax-revenue-exceeds-expectations-following-reforms

On the lookout for US taxpayers in Cambodia

The General Department of Taxation called last week on banks, insurance companies and microfinance institutions (MFIs) to accurately report the taxpayer identification numbers (US-TIN) of clients with US citizenship. ...

Chea Vannak
http://www.khmertimeskh.com/50100906/lookout-us-taxpayers-cambodia/

Non-taxpayers targeted

The government will not increase the rate for income tax and other taxes for the next two years, but will instead concentrate on expanding the base for tax collection, taking into account that there are still many individuals and businesses that do not pay tax ...

Sok Chan
http://www.khmertimeskh.com/news/30034/non-taxpayers-targeted/

Tax revenue rises 20%

Tax revenue in the first seven months of the year was $955 million, an increase of 18.91 percent over the same period last year, according to a report from the General Department of Taxation (GDT). ...

Sum Manet
http://www.khmertimeskh.com/news/28505/tax-revenue-rises-20-/

Memorandum to fight money laundering

The General Department of Taxation (GDT) signed a memorandum of understanding with the Financial Intelligence Unit of the National Bank of Cambodia (FIUNBC) to exchange information on money laundering and the financing of terrorist activities. ...

Sum Manet
http://www.khmertimeskh.com/news/26678/memorandum-to-fight-money-laundering/

Tax collection goes up by 21.6 percent

The government’s tax revenue collection rose to about 21.6 percent in the first five months of this year, compared with the same period last year, with some $708.2 million filling state coffers, according to the Ministry of Economy and Finance’s General Department of Taxation (GDT). ...

Sok Chan
http://www.khmertimeskh.com/news/26024/tax-collection-goes-up-by-21-6-percent/

Royal Group head Kith Meng urges tax rate revision

Private sector representatives argued yesterday that Cambodia’s outdated taxation laws do not accurately reflect the Kingdom’s current business climate, urging the General Department of Taxation (GDT) to revise the legal framework to promote private sector growth. ...

Hor Kimsay
http://www.phnompenhpost.com/business/royal-group-head-kith-meng-urges-tax-rate-revision

Nearly half of 2016 tax target already collected

In the first four months of the year, the government collected nearly half of its tax revenue target for all of 2016, local media reported yesterday, citing Kong Vibol, director of the General Department of Taxation (GDT).   ...

Post Staff
http://www.phnompenhpost.com/business/nearly-half-2016-tax-target-already-collected

Tax revenue continues to surge

The General Department of Taxation (GDT) collected almost $212.49 million in tax revenue in the first two months of this year, up 14.49 percent over the same period last year, thanks to strong growth across all segments, according to official data.​ ...

Sum Manet
http://www.khmertimeskh.com/news/22733/tax-revenue-continues-to-surge/

Gov’t preparing to eliminate import duties for ASEAN products

The government is planning to gradually reduce tariffs on most goods imported from other ASEAN member states to zero, putting Cambodia ahead of what is required of it under the ASEAN Trade in Goods Agreement (ATIGA), officials said.   ...

May Kunmakara
http://www.khmertimeskh.com/news/19589/gov---t-preparing-to-eliminate-import-duties-for-asean-products/

Patent tax can now be paid at banks, department says

The General Department of Taxation notified patent owners that they have three months to pay taxes owed on their patents, but they can do so at banks this year for the first time,  its director general said yesterday. ...

Sum Manet
http://www.khmertimeskh.com/news/19467/patent-tax-can-now-be-paid-at-banks--department-says/

General Department of Taxation postpones property taxes deadline again

The General Department of Taxation (GDT) Cambodia has once again announced the second postponement of 2015 tax payment for real estate by setting a new deadline to the end of November this year. ...

Siv Meng
http://www.phnompenhpost.com/real-estate/general-department-taxation-postpones-property-taxes-deadline-again

New online taxation system makes its debut

All tax registration and payments by companies has been centralized and the process streamlined this week by the General Department of Taxation (GDT), which also unveiled an online registration and payment system for companies here.  ...

Sok Chan
http://www.khmertimeskh.com/news/16626/new-online-taxation-system-makes-its-debut/

Revenues from taxes tops $1B

The General Department of Taxation collected more than $1.06 billion in tax revenue in 2014 up by about 17.7 per cent on the $900 million collected in 2013, according to a statement from the tax department released yesterday. ...

May Kunmakara
http://www.phnompenhpost.com/business/revenues-taxes-tops-1b

Cambodia's January-October tax revenue up 19 pct

Cambodia collected 884 million U.S. dollars in taxes in the first ten months of 2014, a 19 percent increase over the same period last year, said a statement of the General Department of Taxation on Monday. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-11/17/c_133795928.htm

Hun Sen says civil servants to get tax break

Prime Minister Hun Sen said on Thursday that civil servants making less than 800,000 riel, or about $200, a month will be exempt from paying income taxes, just days after the Finance Ministry sent a very different message to the country’s garment workers. ...

Hul Reaksmey
http://www.cambodiadaily.com/news/hun-sen-says-civil-servants-to-get-tax-break-69534/

Property tax revenue for this year tops $1M

With the deadline for property owners to pay their dues passing today, Acleda Bank – one of two agencies collecting tax for the government – has received over $1 million in property tax payments this financial year. So Phonnary, executive vice president of Acleda Bank, told ...

Hor Kimsay
http://phnompenhpost.com/business/property-tax-revenue-year-tops-1m

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