Thursday, July 24, 2014

Cambodia’s Tax Revenue Increases 13.5% in First Six Months


24 July 2014

In the first half of this year, the General Department of Taxation at the Ministry of Economy and Finance collected over US$532 million in tax revenue, an increase of 13.5% compared to the same period last year.

In June, the tax increased 21.8% to some US$78.6 million compared to the same month last year. The tax revenue rose in 2014 from various taxes such as salary tax of 23.5%, tax on profits of 21.2%, value added tax of 9.1% and special tariff tax of 5.3%. The revenue earnings in 2014 increased in all sectors, the report added, referring to financial service, architecture and construction, refreshment, household appliance, garment, hotels and guest houses, real estate, import-export, telecommunications, tobacco, stationary, food production, and so on.

Director General of the General Department of Taxation, who presided the meeting held yesterday, appreciated all taxation officials for their efforts in collecting tax revenue for the country’s budget.

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