Until early 2016 Cambodia had two types of tax system: the ‘real regime’ which requires taxpayers to file monthly and annual tax returns, be open to tax audits, and charge value added tax (VAT) to their clients, and the ‘estimated regime’ which was a legal but more informal method of tax calculation intended for smaller […]
Ministry of Economy and Finance
Public Financial Management Reforms
a. Financial Management Information System (FMIS): FMIS Go-Live 1 was launched on 20th July 2015 to improve budget execution, through streamlined and automated payments, revenue receiving (collection and remittance), accounting and reporting in the Central and Provincial Treasuries. The system is installed at MEF departments, the General Department of the National Treasury, and all 24 […]
New Single Window
The Ministry of Economy and Finance launched the National Single Window to facilitate import and export activities, which aims to strengthen government-to-government, government-to-business, and business-to-business relationships. The National Single Window will allow parties involved in trade and transport to lodge standardized information and documents with a single-entry point to fulfill all import, export, and transit-related […]