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Logo of Phnom Penh Post newspaper Phnom Penh Post - Property tax revenue for this year tops $1M

Property tax revenue for this year tops $1M

Property tax revenue for this year tops $1M

With the deadline for property owners to pay their dues passing today, Acleda Bank – one of two agencies collecting tax for the government – has received over $1 million in property tax payments this financial year.

So Phonnary, executive vice president of Acleda Bank, told the Post yesterday that her firm reached the $1 million mark at the end of August with payments from about 8,000 people.

Phonnary said the bank expected that figure to rise once the September payments had been totalled.

“This month, as the deadline has nearly arrived, more and more people are coming to make a payment,” she said.

Contacted yesterday, General Department for Tax director Kong Vibol declined to state tax revenue targets or how collection was progressing compared to previous years.

At Canadia Bank, the second firm collecting taxes for the department, deputy director Charles Vann said he expected revenues to rise this year as people became more aware of their obligations.

“People can pay their tax easier through the banking service and I know that more people know more now about tax payments,” he said. He declined to disclose the amount Canadia had collected.

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