News
Finance sector wants no VAT
Banking and financial industry figures have called on the government to abolish the 10 percent value added tax on the sector and asked for further discussion. The industry thinks the tax will increase the burden on financial service users. ...
Sok Chan
http://www.khmertimeskh.com/news/39655/finance-sector-wants-no-vat/
Government’s tax collection up to USD66 millions in January
The government collected USD 66. 4 million from taxation in January, up 14.5% from the same period last year, according to a statement released by the Taxation department. In 2014, tax revenue has been going up in all sectors of which financial service 27.6%, import-export ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=NjAwNTU2ZjViNDB
Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
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
Tax revenues increase by 22.9 per cent
The Kingdom’s tax revenues increased by more than 20 per cent in the first quarter of 2012 compared with the same period last year. Officials said the rise reflects an influx of new buinesses and investments. Opposition lawmakers, however, claim that the numbers are still far ...
http://www.phnompenhpost.com/2013041265054/Business/tax-revenues-increase-by-22-9-per-cent.html
Cambodia collects 122 mln USD in tax in last two months
Cambodia’s General Department of Taxation said in a press release on Thursday that the country collected 122 million U.S. dollars of tax in the first two months in 2013, up 27 percent compared to the same period last year. In the whole year of 2012, ...
http://www.asean-china-center.org/english/2013-03/08/c_132218418.htm
Tariffs on rice slashed to help fuel exports
As part of a continuing push to bolster rice exports, the government has agreed to waive all export tariffs on milled rice and will also eliminate value-added tax (VAT) on paddy rice purchased domestically. According to a promulgation signed last month by Finance Minister Keat Chhon, ...
