Khun Darith News Today

The Ministry of Economy and Finance (MEF) on Monday released a proclamation to collect and compile real estate data in four new towns of three different provinces in Cambodia by providing tax exemption to owners who have immovable properties registered with the General Department of Taxation (GDT) or its branches.

The newly introduced Taxation Law is devoid of any complications. As Khmer Times breaks down the 84-page law to its readers, it sees the government has launched the Taxation Law at a perfect time to strengthen tax collection and ease of compliance.

To effectively manage tax debt collection as per an action plan and achieve the tax revenue target for this year, the General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has released a set of strategies for tax officials in all branches to implement, a press statement issued by the internal tax authority said.

The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has issued an instruction on procedures to enable taxpayers who are owners of registered businesses to make online adjustments of their online filing on annual tax on income (ToI E-Filing), a statement issued by the internal tax authority said.

The Institute of Singapore Chartered Accountants and the Kampuchea Institute of CPAs and Auditors signed a memorandum of understanding.

From December 30, 2022, Cambodia has officially began applying the latest revenue-based tax model for casinos.

Enforced on December 30