The Ministry of Economy and Finance will start collecting vehicle taxes for this year from June 1 and will accept payments until November 30.
Those who haven’t paid taxes for last year will be fined according to the law.
A notification issued by the ministry’s General Department on Monday states: “The collection of tax on all types of vehicles for 2020 will be implemented from June 1 to November 30, 2020.”
The notice said car owners must submit their tax declarations and payments at provincial or district tax branches, or at Canadia Bank Plc, Acleda Bank Plc, Vattanac Bank, Cambodia Public Plc or any banks that signed Memorandums of Understanding (MoU) with the ministry.
Owners of tax-exempt vehicles should request a vehicle label from the General Department of Taxation (GDT) and attach it to their vehicle inventory.
“From January 1, 2021, onwards the GDT [will] cooperate with authorities to review tax declarations and fine owners of vehicles that have not yet paid their taxes,” the announcement said.
The director-general of the ministry’s General Department Kong Vibol could not be reached for comment on Tuesday.
However, Vibol was quoted in a GDT press release from a January tax revenue consolidation meeting as saying the government’s goal was to collect $2.89 billion in taxes for 2019.
Vibol said the GDT will set up mechanisms for monitoring tax evasion connected with construction materials, cement, concrete and petroleum.
The GDT will also follow up on the implementation of the value-added tax (VAT) stamp on beer products in order for the tax to be transparent and ensure fair competition.
At another GDT meeting in January, Vibol said the VAT revenue collected by the GDT through the online tax revenue data management system in 2019 was $2.82 billion, 23 per cent over the expected amount.