Cambodia’s tax discipline improving

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cambodja-phnom-penhCambodia’s General Department of Taxation said on September 9 that it had collected $606 million of tax in the first eight months of 2013, up 17 per cent compared with the same period last year.

The revenue came from tax on profit, withholding tax, tax on salary, value added tax, special tax on certain merchandises and services, turnover tax, vehicle tax, patent tax and property tax.

In August alone, the department earned $69 million in tax, up 15 per cent compared with the same month in 2012.

Kong Vibol, director general of the General Department of Taxation, advised officials to continue promoting tax law and consequences of tax evasion to individuals and companies in order to encourage them to pay taxes.

The country collected $740 million of tax last year, up 25 per cent year-on-year. However, there is still a notable “culture of tax waiver and tax exemptions” in Cambodia which is mostly connected to widespread corruption, a problem that the government has promised to “root out” in the mid-term.

 

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Reading Time: 1 minute

Cambodia’s General Department of Taxation said on September 9 that it had collected $606 million of tax in the first eight months of 2013, up 17 per cent compared with the same period last year.

Reading Time: 1 minute

cambodja-phnom-penhCambodia’s General Department of Taxation said on September 9 that it had collected $606 million of tax in the first eight months of 2013, up 17 per cent compared with the same period last year.

The revenue came from tax on profit, withholding tax, tax on salary, value added tax, special tax on certain merchandises and services, turnover tax, vehicle tax, patent tax and property tax.

In August alone, the department earned $69 million in tax, up 15 per cent compared with the same month in 2012.

Kong Vibol, director general of the General Department of Taxation, advised officials to continue promoting tax law and consequences of tax evasion to individuals and companies in order to encourage them to pay taxes.

The country collected $740 million of tax last year, up 25 per cent year-on-year. However, there is still a notable “culture of tax waiver and tax exemptions” in Cambodia which is mostly connected to widespread corruption, a problem that the government has promised to “root out” in the mid-term.

 

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