News

PM appreciates GDT for increased tax collection

Prime Minister Hun Sen lauded the General Department of Taxation (GDT) for its efforts in collecting tax revenue that exceeded the budget plan in 2022, adding that the increased tax revenue contributed to the national economic development. ...

Chea Vanyuth
https://www.khmertimeskh.com/501230997/pm-appreciates-gdt-for-increased-tax-collection/

GDT revenues benefit from post-Covid boost

The General Department of Taxation (GDT) announced that it collected 13.01693 trillion riel, or $3.21406 billion, of tax revenues in the first 11 months of 2022, equivalent to 113.99 per cent of the full-year target of $2.81955 billion, reflecting improvements in economic activity post-Covid-19. ...

May Kunmakara
https://www.phnompenhpost.com/business/gdt-revenues-benefit-post-covid-boost

GDT collects $3.21B as taxes by November end

The General Department of Taxation (GDT) collected $3.21 billion as taxes in the first eleven months of 2022, which is equivalent to 113.99 percent of the target set for 2022. ...

Sok Sithika
https://www.khmertimeskh.com/501202643/gdt-collects-3-21b-as-taxes-by-november-end/

Tax revenue passes target amid money laundering cases

The General Department of Taxation (GTD) of the Ministry of Economy and Finance (MEF) has collected more than $2.94 billion of tax revenue for the period of first 10 months this year, which passes the amount set in the budget law 2022 and increases 26.96 ...

Kang Sothear
https://www.khmertimeskh.com/501186161/tax-revenue-passes-target-amid-money-laundering-cases/

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

Tax revenue rises to $2.02 billion in nine months

The General Department of Customs and Excise (GDCE) collected $2.02 billion in tax income in the January-September period of this year, a 19 percent increase compared to the same period last year. ...

Chea Vanyuth
https://www.khmertimeskh.com/501163250/tax-revenue-rises-to-2-02-billion-in-nine-months/

Income tax revenue hits $250m a month

Cambodia’s income tax revenue has grown to $250 million a month as the private sector continues to grow, according to Prime Minister Hun Sen. ...

Chhorn Raksmey
https://kiripost.com/stories/income-tax-revenue-hits-250m-a-month

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/

GDCE collects $76 million from import tax on right-hand drive vehicles tax

The General Department of Customs and Excise (GDCE) has collected some $76 million from import tax and import duties on right-hand drive vehicles and illegal imported vehicles. ...

Khmer Times Staff
https://www.khmertimeskh.com/501108984/gdce-collects-76-million-from-import-tax-on-right-hand-drive-vehicles-tax/

Tax collection surges 28 percent to $1,726 million

Cambodia collected $1,726 million in tax income in the January-May period this year, a 27.95% increase as compared to the same period last year, according to an official statement yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501094545/tax-collection-surges-28-percent-to-1726-million/

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/

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

Tax revenue surpasses $1.9B

The Ministry of Economy and Finance’s General Department of Taxation (GDT) collected $1.90927 billion in taxes in the first eight months of 2021, down by $151.3 million or 10.60 per cent from the same period last year. ...

Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-surpasses-19b

Tax scrutiny ‘not pandemic-related’: Ministry of Economy and Finance collected more than $2.87bn in taxes last year, up 3.73% on 2019

With corporations in Southeast Asia reporting being swept up in tax audits while governments work to increase revenue during the pandemic, there are conflicting views regarding whether Cambodian firms are facing additional scrutiny.  ...

Husain Haider
https://www.khmertimeskh.com/50862164/tax-scrutiny-not-pandemic-related-ministry-of-economy-and-finance-collected-more-than-2-87bn-in-taxes-last-year-up-3-73-on-2019/

Prime Minister calls for ministries to cut spending amid lower tax revenue

Prime Minister Hun Sen has asked ministries to be careful with operational expenditure in a bid to save money due to declining national revenue.   ...

Ry Sochan
https://www.khmertimeskh.com/50772129/prime-minister-calls-for-ministries-to-cut-spending-amid-lower-tax-revenue/

Gov’t to raise 20% more tax revenue

As part of efforts to achieve a sound macroeconomy, the government plans to increase the revenue raised from taxation and customs and excise by more than 20 per cent next year. The 2020 national budget law approved on Tuesday targets a 28.1 per cent increase in ...

May Kunmakara
https://www.phnompenhpost.com/business/govt-raise-20-more-tax-revenue

Fiscal revenue to surpass 2019 target by $1 billion: Prime Minister

The prime minister, speaking at a graduation ceremony at the National Institute of Education, said income from customs and excise will surpass the target set for 2019 by $700 to $800 million.​ ...

Chea Vannak
https://www.khmertimeskh.com/50661039/fiscal-revenue-to-surpass-2019-target-by-1-billion-prime-minister/

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