#MEF

Cambodia is determined to break away from the ways of old once and for all, especially when this concerns its casino industry. In a new report by The Khmer Times, the media details a new revenue-based tax model that came into effect on December 30, 2022 that will now help the country better regulate its gambling industry and casinos. According to…

From December 30, 2022, Cambodia's Ministry of Economy and Finance (MEF) began applying the latest revenue-based rules for taxes and procedures for commercial gambling business, aka casinos, to the self-proclaimed regime, after decades of applying a "lump sum" method of taxation, according to a senior official of the ministry. Decision on the…

Cambodia has changed tax regulations for commercial gambling businesses, moving towards a self-declaration regime. It has thus changed the lump sum-based system that had been in place since the 1990s. The new rules, the government says, also help implement anti-money laundering and anti-corruption rules, and combat tax evasion. The changes were…

Cambodia's Ministry of Economy and Finance (MEF) says it has renewed 47 casino licenses and another seven games of chance licenses as it looks to help the gaming sector rebuild from the effects of the COVID-19 pandemic. The update, provided by the Ministry's General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) on…

The General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) of the Ministry of Economy and Finance (MEF) has announced the renewal of 70 licenses to casino and game of chance companies in the second quarter of this year. The General Secretariat granted licenses to 47 casinos and seven games of chance companies on Friday,…