Opinion

Taxman seeks more from less in Cambodia

Aid-dependent nation goes from one of region's least to most taxed in bid to shore up economic independence.

Cambodia is seeking to squeeze more from less as the government ramps up tax collection amid a slowing economy.

While the nation previously had some of Asia’s lowest tax rates, the bid to boost state coffers threatens to discourage private business at a time the nation needs new growth drivers.  

Last year, the General Department of Taxation (GDT) collected US$2.2 billion in taxes, up roughly 28% from 2018.

In full: https://asiatimes.com/2020/03/taxman-seeks-more-from-less-in-cambodia/

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