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Cambodia Post Bank on Monday added a new service – the collection of individual and corporate taxes. Photo supplied
Cambodia Post Bank authorised to collect taxes
Mon, 8 February 2021
Cambodia Post Bank Plc achieved another significant milestone on Monday after the General Department of Taxation of Cambodia allowed the financial institution to collect taxes.
Individuals and companies can now pay tax – such as property, withholding and vehicle taxes, as well as VAT, among others – at the bank’s branches.
At a special ceremony, the bank announced that the General Department of Taxation of Cambodia had authorised the financial institution to collect taxes as it is well positioned in the market to roll out the new service.
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Wed, 9 December 2020
The National Bank of Cambodia (NBC) has given the approval in principle to Malaysian-listed G Capital Bhd for the establishment of a full-fledged commercial bank under the name “Oriental Bank Plc” in the Kingdom.
This comes with an approved capital of $100 million, G Capital said in a statement on December 8.
It said it has entered into a heads-of-agreement contract with local firm E S Packaging Co Ltd and Public Bank Bhd’s former Indo-China operations regional head Phan Ying Tong to collaborate on the venture, Malaysian media outlet The Edge Markets reported.
In a filing to the Bursa Malaysia, G Capital said: “Specifically, the heads of agreement has been structured to outline the preliminary undertakings and obligations of the parties with a view to enter into legally binding definitive agreement between the parties to establish ‘Oriental Bank Plc’.”