PHNOM PENH, (Khmer Times) – The National Assembly (NA) will approve the draft law on casino taxation to provide the state with additional revenue. Until now, the taxation of the country’s casinos has been regulated by less powerful instruments than a law.
Dr. Cheam Yeap, head of the second commission– the one dealing with finances – of the NA spoke with reporters after its audit of the 2013 national budget.
Finance Minister Aun Porn Moniroth reported to the NA about this audit as part of the preparation for the assessment of 2016’s budget.
Dr. Yeap affirmed that the ministry has already drafted the law on casino taxation, the wording of which is unknown, but could not say when the draft law will be sent to the cabinet. He said that because a ”competent authority” is evaluating the revenue generated by the casinos, must collect data from all casinos regarding amount of “voluntary contributions” they paid the state.
In 2013, the revenues flowing t the state from the casinos was lowere than hoped, and the taxation law should put an end to this.