Logo of Phnom Penh Post newspaper Phnom Penh Post - E-commerce tax earnings hit $52.2M in first 8 months

E-commerce tax earnings hit $52.2M in first 8 months

Content image - Phnom Penh Post
A customer browses for pharmaceutical products on Facebook. Hong Menea

E-commerce tax earnings hit $52.2M in first 8 months

Up to 211.2 billion riel or $52.2 million of e-commerce tax revenue was collected by the General Department of Taxation (GDT) in the first eight months of 2023 amid rapid online business growth around the world, including Cambodia.

According to the GDT, the collection for August alone amounted to 24.5 billion riel or ($6.04 million). Overall tax revenue, including e-commerce tax, stood at 10.3 trillion riel or $2.6 billion, between January and August 2023, which is 71.4 per cent of the Law on Financial Management for 2023.

In a meeting at the GDT on September 14, director-general Kong Vibols said they are committed to effectively implement government policies as well as reforms and modernisation of the tax administration.

He said tax reform and modernisation since 2012 have strengthened the tax system, with good governance being the backbone of reform.

“[This includes] leaders and tax officials at all levels working together to carry out the work with a proactive spirit. And, to ensure the sustainability of tax revenue while participating in reform work and modernisation of the fiscal administration,” Vibol added.

On September 19, Hong Vanak, an economics researcher at the Royal Academy of Cambodia, told The Post that advances in technology, which allow people to search for goods online, time constraints and traffic problems have pushed e-commerce growth, making it a popular shopping medium for Cambodians.

He added that the increase in tax collection from e-commerce transactions confirms that the online market in Cambodia is becoming more active, especially among middle-aged people.

“This tax revenue would increase in the future as e-commerce transactions become more active every day,” Vanak said, adding that strengthening of law enforcement would also result in higher e-commerce tax collection.

Modernisation of technology is further improving the market for agricultural products because by using this system, producers and buyers can send images of their products directly to the other party quickly and easily, he noted. “Modern technology has become an important part of Cambodia’s economic growth now.”

The Cambodian economy is forecast to grow by 5.6 per cent in 2023, which is an expansion from 5.2 per cent growth in 2022.


  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Ream base allegations must end, urges official

    A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • Cambodian diaspora laud Manet’s UN Assembly visit

    Members of the Cambodian diaspora are rallying in support of Prime Minister Hun Manet’s forthcoming visit to the 78th UN General Assembly (UNGA 78) in the US’ New York City this week. Their move is an apparent response to a recent call by self-exiled former

  • After three deferrals, Capital Gains Tax to take effect Jan 1, 2024

    The General Department of Taxation (GDT) will implement the Capital Gains Tax starting January 1, 2024 to after being deferred three times as industrial players warn that the implementation might have some negative impact on the property market growth, which is down due to the economic downturn.