Tax Revenue: Over US$2,800 Million Collected in 2019
AKP Phnom Penh, January 23, 2020 --
Cambodia has collected more than US$2,819 million as tax revenue for the whole year 2019, up 23.20 percent of the annual plan, according to figures from the Ministry of Economy and Finance.
From January to December 2019, the General Department of Taxation at the Ministry of Economy and Finance earned an income surplus of some US$530.92 million.
The same source explained that the growth of tax revenue derived from the increase of tax on income by 28.87 percent, value-added tax by 31.05 percent, special tax by 30.72 percent, tax on salary by 18.21 percent, property tax by 68.20 percent.
In December alone, approximately US$195 million was collected as tax income, an increase by 36.85 percent from December 2018.
Deputy Prime Minister H.E. Aun Pornmoniroth appreciated the hard work of tax officials at all levels and encouraged them to continue their mission.
By Phal Sophanith