March 24, 2023

Cambodia Collects Over US$3.2 Billion as Tax Income in Eleven Months

The General Department of Taxation of the Ministry of Economy and Finance collected some US$3.214 million as tax income in the first eleven months of 2022, up 25.29 percent compared to the same period last year.
The figures were released in a monthly meeting held on Dec. 13 under the chairmanship of its Director General H.E. Kong Vibol.
“The tax income now reached 113.99 percent of the yearly plan,” the director general said, reaffirming that the GDT will try its best to collect tax income with efficiency.
According to the national budget law, the GDT is tasked to collect US$2.819 billion as tax revenue in 2022.
The Kingdom has two institutions responsible for the collection of taxes. While the GDT focuses on interior taxes, like income tax, salary tax, value-added tax and property tax, the General Department of Customs and Excise (GDCE) collects taxes on goods entering and leaving the country.

Source: Agency Kampuchea Press