Cambodia collects 4.57 bln USD of taxes in first 9 months, up 32 pct
- 19/10/2019 6:53 AM
PHNOM PENH-- Cambodia collected 4.57 billion U.S. dollars from all sources of taxes in the first nine months of 2019, up 32 percent from 3.46 billion dollars over the same period last year, according to official statements on Friday.
The Southeast Asian country has two institutions responsible for collecting taxes.
One is the General Department of Customs and Excise (GDCE), which collects taxes on goods entering and leaving the country, and the other is the General Department of Taxation (GDT), which focuses on interior taxes such as income tax, salary tax, value added tax, and property tax.
GDCE's director-general Kun Nhim said in a statement that the GDCE earned 2.39 billion dollars in customs and excise revenue during the January-September period this year, up 35 percent compared to the same period last year.
"We achieved 106 percent of the target for the whole year of 2019," he said. "More than 52 percent of the revenue was collected from tax on automobiles and machinery, 17 percent from tax on petroleum, and 29.5 percent from tax on construction materials and general goods."
For the GDT, its director-general Kong Vibol said in a statement early this month that the GDT made 2.18 billion dollars in tax revenue during the first nine months of this year, up 29 percent compared to the same period last year.
He said the GDT attained 95.4 percent of the self-imposed target in 2019.