Views: 0 Author: Site Editor Publish Time: 2023-02-16 Origin: Site
Cambodia’s tax authorities have reminded the respective managements of commercial gambling operations to declare all non-gaming business activities and pay appropriate taxes on them.
The General Department of Taxation, under the Ministry of Economy and Finance, gave the instruction in a Thursday announcement, reported the Phnom Penh Post.
The news outlet cited the department as saying some operators had not yet done so.
According to the instruction, Aun Pornmoniroth, Minister of Economy and Finance, had on February 1 approved elimination of otherwise-applicable penalties for late payment, provided the commercial gambling enterprises declared their non-gaming liabilities tax-wise, and paid the relevant tax bills before the end of March.
In terms of tax collection as a whole across the country, Cambodia’s prime minister Hun Sen has – as cited by the Phnom Penh Post – praised the relevant authorities for harvesting an amount of domestic taxation equal to 122.54 percent of the government’s initial target.
“The General Department of Taxation collected 22.54 percent more revenue that we expected, an amount that exceeded US$635 million,” the prime minister was quoted as saying.
It was reported in early January that Cambodia has started operating a previously-flagged new casino-gaming taxation system based on gaming revenue, rather than on lump-sum payments.
Macau should be one of the Asia-Pacific (APAC) tourism destinations that will benefit soonest and most significantly from the easing of outbound travel arrangements for Chinese, since the mainland authorities discontinued their ‘zero-Covid’ approach at the turn of the year, says Fitch Ratings Inc.“H
Casino sales at Grand Korea Leisure Co Ltd (GKL), an operator in South Korea of foreigner-only casinos, rose by 230.2 percent year-on-year in January, to nearly KRW32.09 billion (US$26.1 million), the firm said in a Friday filing to the Korea Exchange. The latest monthly tally was up 5.0 percent mon
Cambodia’s tax authorities have reminded the respective managements of commercial gambling operations to declare all non-gaming business activities and pay appropriate taxes on them.The General Department of Taxation, under the Ministry of Economy and Finance, gave the instruction in a Thursday anno