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Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Authorities Seize 123,000 Illegal Eggs in Crackdown on Smuggling from Vietnam | Inauguration of Nearly $100 Million Wastewater Treatment System Development Project in Takhmao City | Cambodia to Host 2025 National Chapei Dang Veng Festival from June 11-13 | Senate President Hun Sen Reflects on Cambodia’s Development and ASEAN Integration | ASEAN Secretary-General Hails Samdech Techo Hun Sen's Vision at Policy Speech |

PM Says He Will Consider Expert Opinions on Specialized Issues, Including Taxes

  • Posted Oct 3, 2023 12:18 by Sao SokEng
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PHNOM PENH: While speaking to a group of nearly 20,000 factory workers in Phnom Penh, Prime Minister Hun Manet stressed the importance of relying on professional analysis to solve the nation’s problems. He said that while he receives and reviews all of the information, his politics require his direct interventions to coordinate with the reviews of professional analysis.

At the gathering on October 3, the Prime Minister said that he stayed up until midnight following the news and challenges of his people. He said he had ordered professional units to review, explain and interpret the issues so that he could review them himself and intervene when necessary.

"Even if I do not attend in person, I will follow up until the relevant authorities get it done," he said.

The PM said that he has already done a lot of work related to taxes, plagiarism, and protests in the provinces, all of which he allowed professional institutions to review and explain to the public.

Taxes have been a hot topic for Cambodians recently, especially after the tax department said that a 20% capital gains tax would go into effect in 2024. The PM addressed the controversy after social media debates sparked on whether or not the government was taking too much money from a population that is already struggling with global inflation.

The PM said that he is meeting with business experts to discuss taxes and their effects in November. He promised that his administration will not create new taxes nor raise existing ones. The capital gains tax remains in a grey area as the increase was approved in 2020, but suspended due to Covid-19.

He added that currently the government does not collect property tax from farms worth less than $25,000, nor does it take stamp duty tax for property transfers of under $70,000. Cambodia does not have a road tax either.

"In addition to not creating any new [taxes] and not raising existing ones, the state is committed to what we did not collect and continue not to collect," he said.


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