Wednesday, 13 January 2010

In 2009 Tax Income Amounted to US$595 Million – Tuesday, 12.1.2010

Posted on 13 January 2010
The Mirror, Vol. 14, No. 647

via CAAI News Media

“The tax department announced that in 2009, the tax income amounted to about US$595 million, approx. US$49 million per month, and in 2010 the incoming tax is expected to be about US$52 million per month.

“On 11 January 2010, the tax department held a meeting to give a comprehensive report on its work in December 2009, chaired by Dr. Pen Simon, the Director-General of Cambodian Customs, appointed by the Royal Government, with participation by other customs officers from all provinces. Dr. Pen Simon said that in December 2009, the tax income was Riel 219,000,000,000 or US$52 million, which increased by about Riel 23,000,000,000 [approx. US$5.75 million], compared to December 2008. He said that in 2009, customs officers collected about Riel 2,491,000,000,000 or approx. US$595 million in total. On average, that is about Riel 208,000,000,000 [approx. US$52 million] per month, exceeding the plan by more than 3%.

“He stressed that in 2009, customs officers suppressed illegal trafficking and imposed fines of more than Riel 23,000,000,000 (approx. US$5.5 million) which was 50% higher than 2009. Dr. Pen Simon said that in 2010, the tax administration is challenged by a plan to aim at a higher collected amount of about Riel 217,000,000,000 per month [approx. US$54 million], while the global economic and the financial crisis is strongly influencing the growth of the GDP, reducing exports leading to reduced taxes. He added that this requires the tax administration to accelerate reforms both in management, monitoring, and implementation, and in establishing more effective taxation policies and measures to suppress tax evasion.

“He requested that in 2010 customs officers in mobile tax monitoring units in all provinces have to investigate and to suppress products being trafficked effectively. Information about a basuc law and other regulations recently approved have to be shared with all tax officials. Departments for tax crime prevention and suppression have to be strengthened to work efficiently. No illegal checkpoints should be established to collect money illegally. Officials have to check suspicious activities, for example of vendors who produce fake tax stamps and and fake vehicle licenses, including cases where officials are faking them. Services for the specification of vehicle identification papers have to be established quickly, in order to avoid delays because of improper reasons.

“He went on to say that in 2009, goods being moved across some special crossing point were about 20%, but there were not many crimes, and further assessment is neecessary. In addition, Mr. Pen Simon told customs officers that they have to control the export and import of vegetables and fruits by vendors in general, and prepare procedures to collect taxes from already identified motorbikes on certain listss.”

Rasmei Kampuchea, Vol.18, #5097, 12.1.2010
Newspapers Appearing on the Newsstand:
Tuesday, 12 January 2010

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