Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom hops on BRI digital taxation wagon

Kingdom hops on BRI digital taxation wagon

Content image - Phnom Penh Post
A man is using the GDT Taxpayer App on March 14, 2021. Hean Rangsey

Kingdom hops on BRI digital taxation wagon

Cambodia is committed to harnessing digitalisation for better coordination in tax administration, as a jurisdiction that subscribes to China’s Belt and Road Initiative (BRI), according to a General Department of Taxation (GDT) press release issued on September 12.

The vow was made days after the Kingdom took part in the 2nd Belt and Road Initiative Tax Administration Cooperation Forum (Britacom), held online from September 7-9 under the theme “Digitalisation of Tax Administration”.

GDT Department of Law, Tax Policy, and International Tax Cooperation director Seng Chea Sith, who attended the Britacom, noted in the press release that the forum sketched out a blueprint for stronger multilateral cooperation among BRI participant countries.

The event also focused on approaches to effectively enhance capacity building for the digitalisation of each country’s tax administration in the information technology era, he said.

He listed the four main topics on the agenda as – “Tax Administration Digitalisation”, “Tax Service Digitalisation”, “New Technologies in Taxation” and “Tax-Related Data Governance”.

Chinese State Taxation Administration (STA) head and Britacom chairman Wang Jun said in the opening remarks that the forum has made “significant contributions” to global cooperation in the fight against the spread of Covid-19 and the revival of the world economy.

The first iteration of the Britacom was held two years ago in Wuzhen town of the Chinese province of Zhejiang. The 2019-2021 Wuzhen Action Plan “was adopted subsequently, providing a two-year roadmap as a first step to attain the longer-term goals of the Britacom”, the STA said in a statement.

The GDT went on to say that all objectives set out in the Wuzhen plan have been fulfilled within the agreed timeframe with “top-notch results”, adding that the 2022-2024 Nul-Sultan Action Plan was approved at this year’s forum, and that Algeria would host the third edition of the event.

The finance ministry agency collected $1.51590 billion in taxes in the first half of 2021, down 10.60 per cent from the same period last year.

This represents 67.58 per cent of the $2.24307 billion target set by the Law on Financial Management for 2021, according to the GDT.

MOST VIEWED

  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Rise in planned flights lifts travel hopes

    Six airlines have applied to resume flights in December, while two others have put in for additional flights and routes, according to State Secretariat of Civil Aviation (SSCA) head Mao Havannall on November 29. These account for 43 new weekly domestic and international flights in December, up 16

  • Hun Sen: Manet to be candidate for prime minister

    Prime Minister Hun Sen has reaffirmed that his oldest son Hun Manet will be his successor as Prime Minister if he is elected. Speaking during the inauguration of a new sewage treatment facility in Preah Sihanouk province on December 2, Hun Sen said Manet will be