Cambodia collected 3.26 billion U.S. dollars from all sources of taxes, in the first half of 2022, up 22 percent from 2.67 billion dollars over the same period last year, according to a statement, yesterday.

The country has two institutions responsible for collecting taxes.

One is the General Department of Taxation (GDT), which focuses on interior taxes, such as, income tax, salary tax, value added tax, and property tax, and the other is the General Department of Customs and Excise (GDCE), which collects taxes on goods entering and leaving the country.

GDT’s director-general, Kong Vibol, said in the statement that, the GDT earned 1.97 billion dollars in tax revenue, during the Jan-Jun period this year, up 29.8 percent year-on-year.

“We had achieved 69.89 percent of the target for 2022,” he said.

Meanwhile, GDCE’s director-general, Kun Nhim said, the GDCE made 1.29 billion dollars in customs and excise revenue, during the first half of this year, up 11 percent year-on-year.

The GDCE had achieved 50 percent of the target for this year.

“Customs and excise revenue has recovered, after the government reopened the country in all areas, since Nov, 2021, after most of the population have been vaccinated against COVID-19,” he said.

Source: NAM News Network