The government collected tax revenues of nearly $ 1.3 billion

PHNOM PENH, Cambodia collected tax revenues of nearly US $ 1.3 billion in 2015, up 25 percent compared 2014, while expected to grow to 1.5 billion in 2016. According to Director General of the General Department of Taxation.

Kong Vibol, director of the General Department of Taxation said in a media workshop on 'annual profit tax declaration and use tax receipts, tax payments online yesterday: the government does not increase tax rates, but This decision is the result of the government's reforms, particularly tax departments and the private sector more aware of the obligations pay their taxes.

According to the statistics from the total tax revenue in 2015 due to greater business contribution applicable taxes and because of the culture of paying taxes has also increased.

He said: 'We want the private sector to understand its obligations for taxes and encourage the private sector to participate in the culture, and is registered in the tax list, too.

He said: 'workshop today [yesterday] will notify the private sector to know more about the tax on profits every end of the year, the company is obliged to declare the taxes on its profits with the same We also have a new release of the regulatory provisions of the tax through a single bill through online as well.

In 2014, the government collected tax revenue of $ 1.06 billion.

Kong Vibol said that currently there are some companies who are not yet aware of the tax law, while some income tax but not yet complete.

He added: 'More than 10 000 registered and updated in the online system, but many have not yet updated In this new system yet.

He said: 'We need the details of the services they provide to them to update and to obtain the online payment.

Lim Heng, Vice President of the Cambodian Chamber of Commerce, said the tax is an obligation for everyone to contribute to your income and developing countries. But he claimed that officials should provide more education and the private sector to understand the tax laws.

He said: 'Traders do not know about the tax laws and tax obligations minister should educate and encourage them before sending measures.

He added that: tax law has not yet been informed yet. It is only just at the national level has not yet reached all provinces. To expand across the country, the Finance Department in collaboration with the Chamber of Commerce in the provinces to preach to all enterprise tax obligations.

Te Taing Por, president of the Federal Association of Small and Medium Enterprises in the country, said that SMEs need more information regarding taxes and regulations SME registration procedures and takes time to accept and prepare for all taxes.

Chhay from the largest opposition party in the country, said that even though tax revenue has increased, but the government has the ability The collection even more.

He suggested that the Department should payment system each enterprise IT systems in hotels and companies. He added that most of the VAT is not collected, as well as taxes on residential and some companies owed too much and do not pay taxes.

He said: 'The tax collection has not been fully implemented, while large enterprises still do not pay taxes and tax owed. Most of the tax collection carried out according to plan, which is not in compliance, he said.

According to Mr. Son Chhay growth of 25 per cent does not reflect the economic growth of 7.2 percent, and provided suggest that the government should invest in the creation of the tax collection system, which can be entered directly in government accountability and transparency intensified with the inspectors and auditors.

General Department of Taxation has warned last week that the private company will charge $ 5 in court if the owner of the company will not pay taxes required to pay that bill.

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