Cambodia Collects US$2,500 Million as Customs Revenue in 2018
AKP Phnom Penh, March 01, 2019 --
Cambodia's customs and excise incomes increased by 32 percent in 2018 (compared to the previous year) to about US$2,500 million.
The figures were revealed by H.E. Kun Nhim, Director General of the General Department of Customs and Excise (GDCE) of the Ministry of Economy and Finance during the annual meeting with his line officials recently here in Phnom Penh.
In terms of taxed subjects contributing to the income, about 46 percent are vehicles and machinery, 20 percent is fuel, and 34 percent are construction and other commodities.
Deputy Prime Minister and Minister of Economy and Finance H.E. Aun Pornmoniroth, who presided over the GDCE annual meeting, expressed his appreciation of the department’s efforts.
The customs and excise income plays a crucial role in Cambodia’s national income, said the deputy prime minister, encouraging further hard-work of GDCE especially in alignment with the happening reform of the Royal Government of Cambodia.
By Phal Sophanith