Cambodia Ministry of Finance


    The Ministry of Economy and Finance has the following functions and duties including:To participate in the organization, implementation, and monitoring of the performance of economic and financial policies of the Royal Government;To administer and coordinate the structural reform of the economic and financial institutions;To prepare draft laws and regulations, either of annual or permanent nature, for macro-economic and financial management;To collect tax revenues and non-tax revenues and deposit them in the public accounts; to prepare balance sheets and statements of accounts for state financial operations;To control and endorse the expenses made by the ministry and other public institutions;To administer the public properties;To participate in developing, administering and controlling industrial and financial activities, including insurance, market, bonds, lotto games, lotteries, casinos, retirement funds and other financial reserves;

    Related Articles

    GGR tax likely to be in mid single digits: analyst

    Gaming establishments in Cambodia will likely be subject to a tax rate in the “mid single digits” once the regulatory and tax bill comes into place, note Union Gaming analysts. The brokerage said this is based on NagaCorp’s earnings event last week, which had several high level government officials from the Ministry of Economy and […]

    Latest decree could pressure Cambodian casinos

    Vietnam’s latest decree allowing its citizens to place bets on international sporting events could cut into Cambodian casino revenues, a government official said on Monday. “Changes in Vietnam gambling laws will lead to increased competition for Cambodia’s casinos and will likely affect local businesses,” explained Ros Phirun, deputy director of the finance industry department at […]

    Minimal impact on Cambodian casinos: New decree

    Vietnam’s move to allow locals to gamble should not have a significant impact on casinos in Cambodia, says Ros Phirun, deputy director-general of the Finance Ministry of Cambodia. Last Friday, the Vietnamese government officially lifted its long-standing ban on gambling, allowing locals to enter approved casinos. It is currently understood that two casinos, one in […]

    MQ Technology to enter Cambodian casino market

    MQ Technology Bhd, a Malaysian investment holding company is reportedly in discussions with Cambodian Resorts and Entertainment Co Ltd (CRE) to develop a $30 million gaming resort and theme park in Southeast Cambodia. According to StarBizWeek, the proposed resort would be situated in Banteay Chakrey in Prey Veng Province, in the southeast of Cambodia close […]

    Government looks at measures to control online gambling

    The Cambodian government has been working on measures to control and manage online gambling, an official at the Ministry of Economy and Finance told Khmer Times. Ros Phearun, a deputy director-general of the Finance Ministry’s financial industry department said while the gaming law is in progress and is expected to be approved sometime next year, […]

    Sihanoukville to shut down over expired license

    A Sihanoukville casino has been ordered to shut down by provincial authorities after it failed to renew its operating license, local media reports. According to local media, a document dated on October 12 has ordered the closure of Pao Tu casino, stating the casino’s license had expired as of the end of 2015. The document […]

    Cambodia rakes in $37.4 million in taxes in nine months

    Cambodia collected a total of US$37.4 million in taxes from casinos in the first nine months of 2016, reports Xinhua, quoting a finance ministry report released on Tuesday. The tax revenue represents a 35.5 percent increase over the same period last year, following a number of changes the government took to improve the transparency, efficiency […]

    Nagacorp agrees on new tax rate

    Nagaworld has reached a deal with the Ministry of Economy and Finance for a new tax rate on non-gaming operations, a ministry official has told local media. Ros Phirun, deputy director-general of the finance industry department at the Ministry of Economy and Finance said the new tax rate comes as a result of an audit […]

    NagaCorp expects Cambodia gaming law in 2016, potential tax

    Cambodia-based NagaCorp says it expects Cambodia to pass a gaming law in 2016 that will likely include a tax provision and possibly a gaming tax. According to Nagacorp chairman Timothy McNally,Cambodia is likely to approve and pass a gambling bill in Y16Q4. It is currently in drafting stage. The company said in its view any tax […]