Logo of Phnom Penh Post newspaper Phnom Penh Post - General Department of Taxation collects $2B

General Department of Taxation collects $2B

Content image - Phnom Penh Post
Tax Department head Kong Vibol.

General Department of Taxation collects $2B

The General Department of Taxation (GDT) collected more than $2 billion in revenue during the first 11 months of the year, an increase of 12.48 per cent compared to the same period last year, a Tuesday departmental report said.

It showed tax revenue collection in the first 11 months of the year increased by $228 million to more than $1.82 billion – a 12.48 per cent rise or equal to 106.88 per cent of the annual planned increase.

The report shows that in November alone, all tax revenues collection amounted to around $187.50 million, equal to 9.75 per cent of the annual plan, an increase of $43.79 million in the same month last year.

Tax Department head Kong Vibol said: “In response to tax payers, [we] need to make them willing and happy to pay tax, and cooperate well in order to do so.”

MOST VIEWED

  • Virus tops 84 with new cases in S’ville

    The Ministry of Health on Sunday night confirmed another 31 cases of coronavirus infections, bringing the Kingdom’s total to 84 and it highest daily tally. There have been no fatalities thus far. The latest cases were found in 29 French tourists and their two Cambodian tour guides

  • Two French tourists latest Covid-19 cases in Kingdom

    The Kingdom on Saturday saw two more cases of coronavirus infections, bringing the total to 53. While the majority of the previous cases are linked to a Muslim religious gathering in Malaysia, the latest cases involved two French tourists visiting Sihanoukville. The Ministry of Health said

  • Kingdom’s virus toll tops 84, Cambodians in Thailand rush home

    The Ministry of Health on Sunday night confirmed another 31 cases of coronavirus infections, bringing the Kingdom’s total to 84 and its highest daily tally. There have been no fatalities thus far. The latest cases were found in 29 French tourists and their two Cambodian tour guides

  • NBC calls for cashless payments

    The National Bank of Cambodia (NBC) has urged government ministries, financial institutions and the public to conduct cashless payments via electronic systems where possible to combat the spread of Covid-19. “To contribute to the prevention of Covid-19, the National Bank of Cambodia encourages financial institutions

  • CEO held for fraud in Siem Reap

    Over 200 individuals gathered in front of the Siem Reap Provincial Court last week to ask that Dim Suonnath, the CEO of a real estate company being held for fraud, take responsibility for compensating some 2,000 residents who invested with him. The request was denied. Suonnath responded

  • Ministry calls for home schooling

    Minister of Education, Youth and Sport, Hang Chuon Naron appealed to parents of students to provide home education in a proper environment and help them obtain more learning materials. The ministry also allowed schools to take a premature vacation after several people tested positive for