Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia's quarterly tax revenue hits $761M

Cambodia's quarterly tax revenue hits $761M

Traffic passes by the General Department of Taxation headquarters in Phnom Penh. Supplied
Traffic passes by the General Department of Taxation headquarters in Phnom Penh. Supplied

Cambodia's quarterly tax revenue hits $761M

Cambodia's tax department collected $761 million in revenue during the first quarter of the year, according to Kong Vibol, head of the General Department of Taxation, a number almost identical to last year’s first-quarter total of $760 million.

The tax department has undertaken a series of reforms to increase revenue in recent years, including conducting a series of audits for businesses in the country.

Last year the tax department collected $1.93 billion in tax revenue, a 30 percent increase over 2016. The figure exceeded even the department’s own projections.