Cambodia’s tax discipline improving

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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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. 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...

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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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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