News

GDT nets $75 million from e-commerce

The General Department of Taxation (GDT) earned value-added tax (VAT) of $75.5 million on e-commerce in 2023, a year-on-year increase of 71 percent from $44 million recorded in 2022, an official report showed. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501429247/gdt-nets-75-million-from-e-commerce/

Tax collection up 4.49 percent to $3.6 billion

Cambodia increased its tax collection by 4.49 percent year-over-year to $3.6 billion in 2023. We exceeded our target (101.13 percent) with this year’s collection, said the General Department of Taxation (GDT) at the Ministry of Economy and Finance. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501428582/tax-collection-up-4-49-percent-to-3-6-billion/

GDT exceeds 2023 tax revenue targets

Cambodia generated more than $3.6 billion in 2023 through the General Department of Taxation (GDT), slightly exceeding the targets set in the 2023 Law on Financial Management and surpassing 2022’s revenue. ... ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-exceeds-2023-tax-revenue-targets

December taxes fall by 10.3%

The General Department of Customs and Excise collected approximately $201.4 million of tax revenue in December 2023, which was less than the planned 12.25 percent target. ... ...

Mao Sreypich
https://kiripost.com/stories/december-taxes-fall-by-103

GDT eyes over $4 billion in tax revenue next year, says Vibol

The General Department of Taxation (GDT) is targeting $4.162 billion in 2024, which is a 20 percent increase from the target set for the current year, according to Kong Vibol, Minister Attached to the Prime Minister and Delegate of the Royal Government In-Charge as Director-General ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501407307/gdt-eyes-over-4-billion-in-tax-revenue-next-year-says-vibol/

E-commerce tax revenue surges through October

Cambodia garnered $62.8 million in e-commerce value-added tax (VAT) revenue during the first ten months of 2023, signifying a surge in electronic products and services in recent years. The income was collected from 82 non-resident taxpayer enterprises, supplying digital-related goods from abroad, according to the ...

May Kunmakara
https://www.phnompenhpost.com/business/e-commerce-tax-revenue-surges-through-oct

Nation nears tax collection target amid challenges

The government has amassed over $3 billion in taxes during the first ten months of 2023, reaching 85.87% of the target set by the 2023 Law on Financial Management. ... ...

Samban Chandara
https://www.phnompenhpost.com/national/nation-nears-tax-collection-target-amid-challenges

Cambodia collects $3 billion as tax income in ten months

The General Department of Taxation (GDT) has collected $3,06 billion as tax revenue in the first ten months of 2023. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501393833/cambodia-collects-3-billion-as-tax-income-in-ten-months/

Tax revenue ‘exceeds’ expectations

The government has amassed over $3 billion in revenue from the General Department of Taxation (GDT) as of October 30, which represents 85.7% of the 2023 Law on Financial Management despite the deteriorating global economic landscape affecting the region. ... ...

May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-exceeds-expectations

Cambodia earns $34.35 million e-commerce VAT from Facebook

Cambodia has generated approximately $34.35 million in revenue from the American multinational technology conglomerate Meta Platforms Inc. doing business as Meta or the Facebook Value Added Tax (VAT) in 2022 and 2023, said the figures of tax revenue released Sunday by former Prime Minister Hun ...

Kang Sothear ​
https://www.khmertimeskh.com/1354671/cambodia-earns-34-35-million-e-commerce-vat-from-facebook/

GDT earns $46 million on e-commerce VAT income

The General Department of Taxation earned e-commerce value-added tax (VAT) income of $46 million from the operation of electronic goods and services in the first seven months of this year, according to official figures yesterday. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501348840/gdt-earns-46-million-on-e-commerce-vat-income/

Government collectS more than $2 billion in taxes in H1

According to the online revenue management system of the General Department of Taxation, in the first half of 2023, taxes collected totalled 8,393.17 billion riels or approximately $2.072 billion. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501324387/government-collects-more-than-2-billion-in-taxes-in-h1/

GDCE: Tax revenue reduction offset by investment

Cambodia is a signatory to 10 free trade agreements (FTA) which cost the Kingdom over $400 million in lost tax revenue each year. This is nonetheless recovered by the growth of investment and export markets, said the General Department of Customs and Excise of Cambodia ...

Van Socheata
https://www.phnompenhpost.com/business/gdce-tax-revenue-reduction-offset-investment

33% rise in tax registrations Q1

The General Department of Taxation (GDT) registered 3,566 new businesses in the first quarter of the year, a year-on-year increase of 33 percent, a report said yesterday. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501284689/33-rise-in-tax-registrations-q1/

GDT collects $1.34 billion in Q1 amid challenges

The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has collected more than $1.34 billion of tax revenue  in the first three months of 2023, an increase of 6.39 percent compared to the same period of the previous year, while ...

Kang Sothear
https://www.khmertimeskh.com/501280694/gdt-collects-1-34-billion-in-q1-amid-challenges/

Cambodia earns nearly $21 million in taxes from e-commerce

Cambodia’s General Department of Taxation (GDT) made e-commerce value-added tax (VAT) income of $20.9 million from the operations of electronic goods and services in the first quarter of 2023, a GDT report said on Monday. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501278795/cambodia-earns-nearly-21-million-in-taxes-from-e-commerce/

GDT, GDCE revenues top $1.9B, pass 30% of 2023 goal

The finance ministry’s taxation and customs departments collectively netted $1.908 billion in revenues in the first quarter of 2023, marking just over 30 per cent of the full-year target, official figures show. ... ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-gdce-revenues-top-19b-pass-30-2023-goal

Cambodia collects $1.9 billion taxes in Q1

Cambodia collected $1.9 billion from all sources of taxes in the first quarter (Q1) of 2023, up 2 percent from nearly $1.86 billion in the same period last year, according to press statements released on Thursday. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501273079/cambodia-collects-1-9-billion-taxes-in-q1/

Tax system to be updated to make payment easy, evasion tough

The General Department of Taxation (GDT) during a meeting on Tuesday announced a work plan for this year with an emphasis on developing a system that will make paying taxes easy and evasion difficult. ... ...

Hong Sovannary
https://www.khmertimeskh.com/501255720/tax-system-to-be-updated-to-make-payment-easy-evasion-tough/

GDT earns nearly $540 million in January-February

The General Department of Taxation (GDT) has collected $539 million as tax income in the first two months of this year, representing 15 percent of the national budget plan 2023. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501256139/gdt-earns-nearly-540-million-in-january-february/

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/

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