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Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

Cambodia Collects Almost US $3 Billion in Taxes Over 10 Months

  • Posted Nov 17, 2022 15:53 by Anthony Ellis
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PHNOM PENH: The General Department of Taxation (GDT) of the Ministry of Economy and Finance collected some US $2.94 billion in tax income in the first ten months of 2022, up 27% compared to the same period last year.

The figures were released in a monthly meeting held on Tuesday, 15 November, under the chairmanship of its Director General, Kong Vibol.

"The tax income has now reached 104% of the annual plan," he 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 $2.8 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.

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