Kingdom collects $2.79 billion in tax revenue in 1H

In the first half of 2023, Cambodia collected 11,497.98 billion riels (about $2.79 billion) in taxes from all sources, according to a report from the Ministry of Economy and Finance. Two institutions in the Kingdom are in charge of tax collection. The first is the General Department of Taxation (GDT), which is responsible for internal taxes, and the second is the General Department of Customs and Excise (GDCE), which is in charge of collecting taxes on imports and exports of products. The ministry revealed that the GDCE collected $1.12 billion in taxes, a 10% decline from the previous year, while the GDT reached $1.67 billion, an increase of 0.9% over the same time previous year.

Reference: Chea, V. (2023, August 9). Kingdom collects $2.79 billion in tax revenue in 1H. KhmerTime. Retrieved from https://www.khmertimeskh.com/501339088/kingdom-collects-2-79-billion-in-tax-revenue-in-1h/