Cambodian tax department urges gambling companies to pay taxes

The Cambodian tax authorities – The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) are reminding owners of commercial gambling businesses to fulfill their tax obligations. The statement warns that failing to pay taxes may cause legal action against them by the government.

Cambodia’s finance minister, Aun Pornmoniroth, gave the green light last Wednesday to provide new tax incentives and clarification that no fines or penalties (such as additional tax charges and interest for late payments) will be leveled on commercial gambling business owners who appear to file tax returns and pay taxes on a voluntary basis for their non-commercial gambling transactions.

Nevertheless, these incentives were provided for cases of mistakes in filing tax returns and paying taxes only and the approval would be valid from the date the statement of notification was signed and issued until the end of next month.

In full:

Related Stories

Exit mobile version