PRASAC Ranked as Cambodia’s 2nd Largest Tax on Income Payer in 2022

Phnom Penh: PRASAC, the largest microfinance institution in Cambodia with the strong shareholder KB Kookmin Bank from Korea, received a Letter of Appreciation from Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of Cambodia, in the occasion that PRASAC was named the most significant Tax on Income payer for the financial year 2022.

In the appreciation letter, Samdech Prime Minister stated, “I would like to express my sincere gratitude and admiration to Directors of the Institution who have declared and paid tax on its annual income for 2022 and was accredited as the 2nd largest payer of the Tax on Income among the top 10 enterprises that declared and paid such tax for the year 2022. The company’s fulfillment of the excellent and voluntary tax payment obligation is an excellent example for other enterprises, especially reflecting a high level of tax compliance and good corporate tax governance. Furthermore, I highly praise and admire the enterprise for its crucial contribution to Cambodia’s economy and social development.