Non-Taxable Revenue Collection Strengthened

Sub-decree on non-taxable revenue collection is expected to be issued by the first semester of this year with an aim to increase the effectiveness of non-taxable revenue collection.

Composed of 7 chapters and 70 articles, the draft sub-decree is now in the final discussion between officials from the Ministry of Economy and Finance and other relevant ministries and institutions, as well as those at the sub-national level.

The draft sub-decree has so far been discussed for 8 times and is expected to be made public after getting approval from the Cabinet Ministers in the first semester of this year, H.E. Ngi Tayi, Secretary of State at the Ministry of Economy and Finance (MEF), told reporters after chairing a discussion meeting on Monday.

The sub-decree on non-tax revenue collection is made to replace the Prakas (directive) issued by inter-ministries to manage the work, pointed out H.E. Ngi Tayi, adding that the sub-decree will make non-tax revenue collection more efficient.

The non-tax revenue accounted for about 15 percent or 2 trillion Riel (approximately US$500 million) of the total revenue last year, according to MEF.

ource: Agency Kampuchea Press