Logo of Phnom Penh Post newspaper Phnom Penh Post - Finance ministry expands offices

Finance ministry expands offices

Finance ministry expands offices

THE Ministry of Economy and Finance has expanded three key departments, ministry officials said last week in response to Cambodia's growing economy, which requires greater administrative capacity.

The three general departments are the Tax General Department, the National Treasury General Department, and the Customs and Excise General Department, according to a subdecree approved by Prime Minister Hun Sen on September 15.

General departments are larger than regular departments and have five to seven sub-departments.

TVK television quoted Sim Eang, general director of the Taxation Department, as saying that revenues had increased each year, requiring the departments to grow.

He said tax collection had increased from US$120 million in 2004 to $310 million last year.

He said he expected up to $400 million to be collected this year.

MOST VIEWED

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh