Royal Government Not Yet Decided to Impose Capital Gains Tax Next Year, Says PM

date_range 28-Sep-2023
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Phnom Penh, September 28, 2023 --

Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia, affirmed that the Royal Government has not yet made any official decision to impose the capital gains tax in early next year and any other new taxes to burden the people, according to his voice message released last evening.

Samdech Thipadei Hun Manet's voice message was made after there are many reactions on social media in the past few days over tax issues when H.E. Kong Vibol, Director General of Taxation gave an interview to the media on the collection of capital gains tax, which is scheduled for implementation in early 2024.

In the message, Samdech Thipadei Hun Manet said the capital gains tax is not a newly established tax.

“It has already been created, and the General Department of Taxation has postponed the collection of this tax for three years,” he underlined.

So far, added Samdech Thipadei Hun Sen Manet, the Royal Government has not yet decided on the final principle or how to amend the principle of collecting this tax in 2024.