Which Corporate Giants Pay The Most In Taxes in Cambodia?

Do you know which corporate businesses pay the most in taxes in Cambodia?

On February 25, Mr. Kong Vibol, the Royal Government delegate in charge of the General Director of the General Department of Taxation, made many remarks regarding the joint registration and tax obligations. He also revealed the businesses that pay the most taxes in the state in the annual tax collection, including beverages, finance, and telecommunications.

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And through the live program of the General Department of Taxation, Mr. Kong Vibol, Minister Delegate to the Prime Minister and Director General of the General Department of Taxation, also mentioned the names of the top 10 companies that pay the most taxes in Cambodia in 2020. In addition, the General Department of Taxation plans to hold a program to award certificates to the companies that have paid the most taxes in 2020, which were signed by Prime Minister Hun Sen and HE Aun Porn Moniroth, Minister of Economy. Those companies include:

1. Alcohol and Pure Water Manufacturer

• Heineken Cambodia
• Khmer Beverages (Cambodia Brewery Company)
• Vital Water Company

2. Internet Service Providers

• Smart Company

3. Machinery Company

• N.C.X Company Limited (Honda Motorcycle Assembly Company)

4. Banking sector

• Canadia Bank
• ACLEDA Bank
• PRASAC MFI

It should also be noted that on December 16, through the resignation of the General Department of Taxation, he said, “As of December 16, 2020, the General Department of Taxation has collected $ 2.697 million in tax revenue, which is equivalent to “94.63 percent of this year’s plan, according to the law passed before Covid19, requires the collection of $ 2.850 million of the plan set by the government.”

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In this live broadcast, Mr. Kong Vibol added that despite the 19 cases of Covid19, the Director General of Taxation is still able to earn 94% and expect to meet the plan by the end. Years. He added that the reason for the high revenue, despite the impact of Covid 19 is due to the influence in 2019, which some businesses and enterprises find profitable in the old year 2019.