News

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/

Retail price of gasoline drops

Starting yesterday, the price of regular gasoline in the Kingdom is 3,950 riel ($0.97) per litre, amounting to a reduction of 200 riel per litre following a series of tax cuts announced last month by Prime Minister Hun Sen as well as price reductions implemented ...

May Kunmakara
https://www.khmertimeskh.com/50506822/retail-price-of-gasoline-drops/

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/

Government collects $915M in taxes in first semester

The government collected $915 million in tax revenue during the first six months of the year, according to figures released yesterday by the Ministry of Economy and Finance. ...

Post Staff
http://www.phnompenhpost.com/business/government-collects-915m-taxes-first-semester

Tax collection soars

Tax collections rose to $768 million in the first quarter of this year, a 92 percent rise on the same period last year. General department of taxation director-general Kong Vibol told a meeting chaired by Finance Minister Aun Pornmoniroth yesterday that the collection figure was a ...

Sum Manet
http://www.khmertimeskh.com/news/37671/tax-collection-soars/

Casino tax revenue rises

The government collected $48 million from the casino industry last year, a rise of about 40 per cent compared with 2015. Ros Phearun, a deputy director-general of the Finance Ministry’s financial industry department, said that along with an effort by the government to improve tax revenue, ...

May Kunmakara
http://www.khmertimeskh.com/news/36411/casino-tax-revenue-rises/

Efforts to formalise SMEs fall short

The Cambodian government has made negligible progress in bringing small- and medium-size enterprise (SMEs) into the regulatory fold, reporting a less than 0.5 percent increase in the total number of companies registered in the last five years – a sign business professionals claim shows that ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/efforts-formalise-smes-fall-short

Casinos pay $37.4M in tax during first 9 months

Tax revenue from Cambodia’s 69 licensed casinos reached $37.4 million for the first nine months of the year, growing 35.5 percent compared to the same period last year, according to a report from the Ministry of Economy and Finance. ...

Post Staff
http://www.phnompenhpost.com/business/casinos-pay-374m-tax-during-first-9-months

Customs, excise tax collection rise

The tax collection from General Department of Customs and Excise (GDCE) in the first nine months of the year amounted to $1.3 billion, up 16 percent from the same period last year. ...

Sum Manet
http://www.khmertimeskh.com/news/30669/customs--excise-tax-collection-rise/

Cambodia collects 470 mln USD in tax in first half of 2013

Cambodia’s General Department of Taxation said Tuesday that it had collected 470 million U.S. dollars of tax in the first six months of this year, up 21 percent compared with the same period last year. The country earned the tax of 740 million U.S. dollars ...

http://news.xinhuanet.com/english/world/2013-07/09/c_132525765.htm

Tax collection in Cambodia up 24 pct in 5 months

Cambodia’s General Department of Taxation unveiled on Friday that the country collected 395 million U.S. dollars of tax in the first five months of this year, up 24 percent year on year. In May alone, the department collected 73 million U.S. dollars, up 4 percent ...

http://www.asean-china-center.org/english/2013-06/09/c_132443845.htm

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