Cambodia Collects US$1.9 Billion Tax Income in First Half of This Year

The General Department of Taxation (GDT) at the Ministry of Economy and Finance has collected some US$1,917 million as tax revenue in the first semester of this year, representing 46 percent of the yearly budget plan. The figures were released here on July 24 in a meeting chaired by H.E. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance. H.E. Aun Pornmoniroth highly value the achievement of the GDT. 'The tax income collection has been made with good performance in the first six months of this year despite difficulties due to risks, uncertainty of the global economy and politics,' he said. The country has two institutions responsible for collecting taxes. One is the General Department of Taxation (GDT), which focuses on interior taxes such as income tax, salary tax, value added tax, and property tax, and the other is the General Department of Customs and Excise (GDCE), which collects taxes on goods entering and leaving the country. Source: Agence Kampuchea Presse