Logo of Phnom Penh Post newspaper Phnom Penh Post - GDT, banks vow to step up tax payment efficiency

GDT, banks vow to step up tax payment efficiency

Content image - Phnom Penh Post
GDT and bank representatives at the meeting this week. GDT

GDT, banks vow to step up tax payment efficiency

The finance ministry has to-date signed memorandums of understanding (MoU) with 10 banks to process tax-related payments to the General Department of Taxation (GDT), one of its subordinate units.

The GDT this week reiterated a call to the lenders to be attentive to improving the overall efficiency of taxpayer services.

GDT deputy director Ken Sambath met with the partner banks earlier this month to discuss the progress and objectives of the MoUs.

According to the department, the 10 banks are: Canadia Bank Plc, ACLEDA Bank Plc, Cambodian Public Bank Plc, Vattanac Bank, J Trust Royal Bank Plc, Cambodia Post Bank Plc, Foreign Trade Bank of Cambodia, SATHAPANA Bank Plc, Advanced Bank of Asia Ltd, and Wing Bank (Cambodia) Plc.

Representatives of the lenders vowed to prioritise improving tax payment efficiency, in line with the MoUs and legal provisions. They also mentioned near-term plans to upgrade their internal technology.

Sambath stressed that additional tax payment channels can bring services closer to taxpayers and otherwise make like easier for them, instructing the partner banks to provide effective taxpayer services and promote tax compliance.

He also highlighted the convenience of digital tax payment solutions, which he noted were crucial during the height of Covid-19.

“Taxpayers paid their dues through the e-filing and e-payment systems from home or from the office, or from anywhere with internet,” he said, underscoring the importance of limiting face-to-face interactions during a pandemic.

MOST VIEWED

  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Ream base allegations must end, urges official

    A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • Manet touches down in Beijing for high-level meetings

    Prime Minister Hun Manet arrived in Beijing on September 14 for his first official visit to China, where he is slated to attend the 20th China-ASEAN Expo and meet other leaders including Chinese President Xi Jinping. Upon his arrival, Manet laid a wreath at the Monument

  • Cambodian diaspora laud Manet’s UN Assembly visit

    Members of the Cambodian diaspora are rallying in support of Prime Minister Hun Manet’s forthcoming visit to the 78th UN General Assembly (UNGA 78) in the US’ New York City this week. Their move is an apparent response to a recent call by self-exiled former