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Brunei
Thursday, October 6, 2022
22.6 C
Brunei
Thursday, October 6, 2022
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    Cambodian government revenue reaches USD4 billion

    PHNOM PENH (XINHUA) – The Cambodian government collected KHR16,430 billion (about USD4 billion) in revenue from taxation and customs during the first eight months of 2022, said a press statement from the Ministry of Economy and Finance yesterday.

    “We had achieved 70 per cent of the target set in the (2022 national budget) law, while fiscal revenue continued to contribute up to 93 per cent of the total revenue,” the statement said.

    The Southeast Asian country has two institutions responsible for collecting taxes.

    One is the General Department of Taxation, which focusses 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, which collects taxes on goods entering and leaving the country.

    According to the statement, the government spending during the January-August period this year had reached KHR15,271 billion (about USD3.7 billion) or 57 per cent of the target set for this year.

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