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.

MOST VIEWED

  • Kingdom may hire Turkish power ship

    Cambodia is considering negotiating with Turkey to hire a 200MW-capacity power ship to meet electricity demands as the country faces an ongoing electrical shortage, according to the prime minister. Speaking to garment workers in Pursat province on Wednesday, Prime Minister Hun Sen said Electricite du

  • ‘Kingdom lacks up to 400MW in available electricity’

    Prime Minister Hun Sen has called on the general public, hoteliers and businesspeople with generators to use them as back-up as the Electricity Authority of Cambodia cannot generate enough electricity to meet needs due to low water levels in power station reservoirs. On Saturday evening

  • EDC tackles power shortfall

    Electrcite Du Cambodge (EDC) on Monday issued a statement updating the public on its efforts to tackle insufficient electricity supplies during the ongoing dry season. Reductions in electricity prices have resulted in a steady increase in consumers in the Kingdom, while local and international investors

  • African swine fever spreads to VN-Cambodia border

    African swine fever has spread to parts of Vietnam that border Cambodia’s Ratanakkiri and Kratie provinces, a Ministry of Agriculture, Forestry and Fisheries official said on Friday. Tan Phannara, the General Directorate of Animal Health and Production director-general, told a Phnom Penh workshop that