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GDT sees over $1.5B through August

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Traffic passes in front of the General Department of Taxation office in Phnom Penh. Hong Menea

GDT sees over $1.5B through August

Cambodia's General Department of Taxation (GDT) collected more than $1.5 billion in revenue during the first eight months this year, an increase of 12 per cent compared to the same period last year, the department’s report said.

Released on Monday, the document summed up tax revenue results issued during an official meeting last month. Revenue was up by $168 million or some 12.5 per cent year-on-year.

The report showed tax revenue collected in August alone was about $146.91 million – equivalent to 7.64 per cent of the total and an increase of $18.57 million over last August.

Cambodia collected more than $1.93 billion in tax revenues last year, a 30 per cent increase over the year before.

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