Logo of Phnom Penh Post newspaper Phnom Penh Post - Tax collection Deep tax reform to be in effect

Tax collection Deep tax reform to be in effect

Content image - Phnom Penh Post
Office of the General Department of Taxation.

Tax collection Deep tax reform to be in effect

The General Department of Taxation collected more than $1.69 billion in revenue in the first nine months this year – an increase of more than $252 million from the same period last year – the department’s figures released on Thursday said.

The department’s report showed it collected more than $188 million in September alone, which is an increase of $55 million from the same month last year.

Its director Kong Vibol urged the relevant parties to increase tax collection in order to reach the government’s target.

“In order to achieve the plan [for this year], the department will continue to effectively implement the government’s deep tax reform,” he said, adding that it is preparing to adjust property prices chiefly in consideration of registration taxes.

Vibol said the department expects to collect more than $1.92 billion this year.

However, the plan is slightly lower than last year, when it collected $1.93 billion in tax revenue, which was a 30 per cent increase over 2016.

MOST VIEWED

  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Hun Sen: Stay where you are, or else

    Prime Minister Hun Sen warned that the two-week lockdown of Phnom Penh and adjacent Kandal provincial town Takmao could be extended if people are not cooperative by staying home. “Now let me make this clear: stay in your home, village, and district and remain where

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Ministry names types of business permitted amid lockdown

    The Ministry of Labour and Vocational Training singled out 11 types of business that are permitted to operate during the lockdown of Phnom Penh and Takmao town, which run through April 28. Those include (1) food-processing enterprises and slaughterhouses; (2) providers of public services such as firefighting, utility and

  • Culture ministry: Take Tuol Sleng photos down, or else

    The Ministry of Culture and Fine Arts has told Irish photographer Matt Loughrey to take down the photos of Khmer Rouge victims at Tuol Sleng Genocidal Museum which he allegedly colourised and altered to show them smiling. The ministry said Loughrey's work is unacceptable, affecting