Logo of Phnom Penh Post newspaper Phnom Penh Post - Customs revenue up 18 per cent for 2022

Customs revenue up 18 per cent for 2022

Content image - Phnom Penh Post
Finance Minister Aun Pornmoniroth presides over General Department of Customs and Excise (GDCE) annual meeting on February 3. GDCE

Customs revenue up 18 per cent for 2022

General Department of Customs and Excise (GDCE) said that they have collected more than $2.69 billion in 2022, an increase of 18.3 per cent over 2021 revenue.

In a February 3 annual meeting in Kep province, GDCE director general Kun Nhem said that the figure indicated an achievement of 104.9 per cent of the plan set in financial law 2022, which earn praised from the government leadership.

“Prime Minister Hun Sen appreciates the efforts and achievements of GDCE leaders and officials at all levels, especially given the challenges we faced in the past year, such as Covid-19, the Russia-Ukraine war, and geopolitical tensions,” Nhem added.

According to a GDCE report, 46.2 per cent of the income was from vehicles and machinery. Mixed consumer goods accounted for 27.6 per cent of the total, petroleum products for 20.3 per cent, and construction materials for 5.9 per cent.

Import volume accounted for over $25.46 billion, an increase of about 11.9 per cent compared to 2021. Most of the imported products are vehicles and machinery, petroleum, raw materials, construction materials, foods.

Export volume accounted for over $22.447 billion, an increase of 16.7 per cent over 2021, with garment exports increasing of 14.1 per cent. Non-garment products jumped 26.2 per cent, while agriculture products improved 6.6 per cent.

Minister of Economy and Finance Aun Pornmoniroth recommended that the GDCE continue to look into tax rationalisation to support local production and the products that meet the daily needs of the people.

He also recommended that the GDCE increase their effectiveness in tax collection. They should do this via imposing taxes consistently, and by imposing penalties on those who violate duties or commit tax evasion. This could be done through increased control of e-commerce, especially with mailed goods.

“The GDCE should also look at decentralising power through its lower entities and utilising modern technology. It should also cooperate more closely with other state and private institutions, and look into the possibility of amending customs laws,” he said.

MOST VIEWED

  • Wing Bank opens new branch in front of Orkide The Royal along Street 2004

    Wing Bank celebrates first anniversary as commercial bank with launch of brand-new branch. One year since officially launching with a commercial banking licence, Wing Bank on March 14 launched a new branch in front of Orkide The Royal along Street 2004. The launch was presided over by

  • Girl from Stung Meanchey dump now college grad living in Australia

    After finishing her foundational studies at Trinity College and earning a Bachelor’s degree from the University of Melbourne in 2022, Ron Sophy, a girl who once lived at the Stung Meanchey garbage dump and scavenged for things to sell, is now working at a private

  • Ministry using ChatGPT AI to ‘ease workload’; Khmer version planned

    The Digital Government Committee is planning to make a Khmer language version of popular artificial intelligence (AI) technology ChatGPT available to the public in the near future, following extensive testing. On March 9, the Ministry of Post and Telecommunications revealed that it has been using the

  • Wat Phnom hornbills attract tourists, locals

    Thanks to the arrival of a friendly flock of great hornbills, Hour Rithy, a former aviculturist – or raiser of birds – in Kratie province turned Phnom Penh tuk tuk driver, has seen a partial return to his former profession. He has become something of a guide

  • PM urges end to ‘baseless’ international Ream base accusations

    Prime Minister Hun Sen urges an end to “baseless” foreign accusations surrounding the development of the Kingdom’s Ream Naval Base, as the US has consistently suggested that the base is being expanded to accommodate a Chinese military presence. Hun Sen renewed his calls while

  • EU’s Sokha resolution ‘a sovereign rights breach’

    The National Assembly (NA) said the European Parliament (EP) did not respect the Kingdom’s independence and sovereignty when it passed a resolution strongly critical of the recent conviction and sentencing of former opposition leader Kem Sokha for “treason”. On March 16, the EP issued a