Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom hops on BRI digital taxation wagon

Kingdom hops on BRI digital taxation wagon

Content image - Phnom Penh Post
A man is using the GDT Taxpayer App on March 14, 2021. Hean Rangsey

Kingdom hops on BRI digital taxation wagon

Cambodia is committed to harnessing digitalisation for better coordination in tax administration, as a jurisdiction that subscribes to China’s Belt and Road Initiative (BRI), according to a General Department of Taxation (GDT) press release issued on September 12.

The vow was made days after the Kingdom took part in the 2nd Belt and Road Initiative Tax Administration Cooperation Forum (Britacom), held online from September 7-9 under the theme “Digitalisation of Tax Administration”.

GDT Department of Law, Tax Policy, and International Tax Cooperation director Seng Chea Sith, who attended the Britacom, noted in the press release that the forum sketched out a blueprint for stronger multilateral cooperation among BRI participant countries.

The event also focused on approaches to effectively enhance capacity building for the digitalisation of each country’s tax administration in the information technology era, he said.

He listed the four main topics on the agenda as – “Tax Administration Digitalisation”, “Tax Service Digitalisation”, “New Technologies in Taxation” and “Tax-Related Data Governance”.

Chinese State Taxation Administration (STA) head and Britacom chairman Wang Jun said in the opening remarks that the forum has made “significant contributions” to global cooperation in the fight against the spread of Covid-19 and the revival of the world economy.

The first iteration of the Britacom was held two years ago in Wuzhen town of the Chinese province of Zhejiang. The 2019-2021 Wuzhen Action Plan “was adopted subsequently, providing a two-year roadmap as a first step to attain the longer-term goals of the Britacom”, the STA said in a statement.

The GDT went on to say that all objectives set out in the Wuzhen plan have been fulfilled within the agreed timeframe with “top-notch results”, adding that the 2022-2024 Nul-Sultan Action Plan was approved at this year’s forum, and that Algeria would host the third edition of the event.

The finance ministry agency collected $1.51590 billion in taxes in the first half of 2021, down 10.60 per cent from the same period last year.

This represents 67.58 per cent of the $2.24307 billion target set by the Law on Financial Management for 2021, according to the GDT.

MOST VIEWED

  • Purging Sihanoukville’s past with a new masterplan

    Amid illicit activities, haphazard development and abandoned projects, the coastal city of Sihanouk province needs a reset to move forward. A new masterplan might be the answer to shake off its seemingly mucky image to become the Shenzhen of the south Gun toting, shootouts, police

  • WHO: Covid in Cambodia goes into new phase

    The World Health Organisation (WHO) in Cambodia said that Cambodia has reached a new phase of the pandemic with “decreasing case numbers, high vaccination coverage and a more transmissible circulating variant threatening a hidden surge”. In a press release on September 6, the WHO said that

  • Chinese may be first in tourism revival: PM

    Cambodia's tourism industry is gearing up to roll out the red carpet for Chinese travellers after Prime Minister Hun Sen on September 17 indicated that the Kingdom could soon throw open its doors to international holidaymakers vaccinated against Covid-19 – starting with guests from China. Cambodia Chinese

  • 'Pursue your goals, reach out to me': Young diplomat tapped as envoy to South Korea

    Chring Botum Rangsay was a secretary of state at the Ministry of Foreign Affairs and International Cooperation before being designated as the new Cambodian ambassador to South Korea. According to her official CV published on the foreign ministry’s website, she started her first government

  • Tourism concerns laid bare

    To ensure the success of plans to reopen the tourism market for international visitors, Cambodia must pay utmost attention to two primary determinants – the ongoing paradigm shift in domestic tourism services towards the ‘new normal’, and the factors influencing choices of destinations among foreign holidaymakers.

  • Covid jab drive for 6-11 age group to begin Sept 17

    Prime Minister Hun Sen has permitted Covid-19 vaccinations for over 1.8 million children aged 6-11 across the country from September 17 in order for them to return to school after a long hiatus. Hun Sen also hinted that vaccinations for the 3-6 age group will follow in