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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 | Cambodia to Host 2025 National Chapei Dang Veng Festival from June 11-13 | Senate President Hun Sen Reflects on Cambodia’s Development and ASEAN Integration | ASEAN Secretary-General Hails Samdech Techo Hun Sen's Vision at Policy Speech | Cambodia Temporarily Bans Livestock and Meat Imports from Thailand Amid Anthrax Outbreak |

Cambodia Collects $1.9-billion in Taxes Since January

Phnom Penh: The Ministry of Economy and Finance’s General Department of Taxation, GDT, has collected 10.6% less in taxes over the first eight months of the year when compared to the same period in 2020, but still, up to $1.9 billion in taxes have been collected since January.

Cambodia Chamber of Commerce vice-president, Lim Heng, believes the decrease comes from two main factors: less businesses activities due to the lockdown implemented to contain the spread of Covid-19 and the tax breaks given by the government to support sectors hit by the pandemic.

FASMEC – the Federation of Associations for Small and Medium Enterprises of Cambodia – President, Te Taingpor, believes that business is gradually getting back on track. Only in August, for example, $192.3 million were collected in taxes, 12.71% more than August 2020. Another positive aspect is the approval of a Free Trade Agreement between Cambodia and China, the CCFTA. Taingpor believes the CCFTA will expand Cambodia’s international trade and he hopes it will start taking place early in October.


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