Logo of Phnom Penh Post newspaper Phnom Penh Post - Gov’t may hire Wing to collect tax revenue

Gov’t may hire Wing to collect tax revenue

Gov’t may hire Wing to collect tax revenue

The government is considering appointing Wing (Cambodia) Limited, a specialised bank and mobile payment company, as a designated agent to collect tax revenues, the Ministry of Economy and Finance announced yesterday.

The ministry will sign a memorandum of understanding with Wing tomorrow that could pave the way for Cambodians to pay their property and vehicle taxes using Wing’s mobile service, it said.

The proposed tax collection arrangement follows a Ministry of Commerce request late last month aimed at facilitating tax payments.

The government has looked increasingly to the private sector to facilitate tax collection. In June 2012, the General Department of Taxation outsourced some of its tax collection services to Canadia Bank.

Acleda Bank became a designated representative to accept tax payments in May 2014.

The government collected $1.3 billion in tax revenue last year, a 25-per cent increase over 2014, which it attributed to better compliance and awareness.

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