The General Department of Taxation (GDT) reminded the directors of all enterprises engaged in commercial gambling to declare and pay taxes on all business activities other than gambling.
In a February 2 notice, GDT director-general Kong Vibol said that they must fulfill their tax obligations for gambling in accordance with the Prakas on the rules and procedures for tax declarations on the proceeds of gambling.
For business activity other than gambling, they are obligated to declare and pay taxes, according to standard tax laws and regulations.
The GDT noted that some commercial gambling enterprises had fulfilled their obligation, while some had failed to do so.
“Those who have not declared their taxes yet should consider this a reminder that failing to meet your tax obligations is punishable by law,” said the notice.
The notice stated that with the February 1 approval of Minister of Economy and Finance Aun Pornmoniroth, the ministry had agreed to eliminate late penalties, including additional taxes and late interest, to enterprises that declared and paid their tax bills before the end of March.
The GDT strongly hoped that the directors of gambling enterprises will accept their responsibilities and file their tax declarations as soon as possible.
Prime Minister Hun Sen recently complimented the GDT for collecting 122.54 per cent of the internal tax revenue that had been targeted by the Law on financial management of 2022.
“I am very pleased and laud the results of their internal tax collection. Truly, this is an amazing result. The GDT collected 22.54 per cent more revenue that we expected, an amount that exceeded $635 million,” he said.
