October 31, 2024

Some $3.6 billion collected in tax revenue last year

The General Directorate of Taxation (DGF) collected US$3,612 million in tax revenue in 2023, more than 101% of the annual target.

The figures were shared during an annual meeting held on January 23 under the chairmanship of Aun Pornmoniroth, Deputy P…


The General Directorate of Taxation (DGF) collected US$3,612 million in tax revenue in 2023, more than 101% of the annual target.

The figures were shared during an annual meeting held on January 23 under the chairmanship of Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance.

Tax revenue for 2023 reached 101.13% of the target and saw an increase of 4.49% compared to 2022, a DGF report said.

The increase in tax revenues allowed the royal government to invest in the construction of roads and other key infrastructure, the same source noted.

Aun Pornmoniroth praised the efforts of the DGF in collecting tax revenues exceeding the planned plan, adding that tax revenues contribute vitally to the pursuit of national development.

Note that the Kingdom has two institutions responsible for tax collection. One is the General Directorate of Taxation, which focuses on domestic taxes such as income tax, salary tax, value-added tax and property tax; and the other is the General Directorate of Cus
toms and Administration, which collects taxes on goods entering and leaving the country.

Source: Agence Kampuchea Presse