​Soaring VAT collection boosts tax revenue | Phnom Penh Post

Soaring VAT collection boosts tax revenue

Business

Publication date
11 October 2017 | 07:57 ICT

Reporter : Post Staff

More Topic

The General Department of Taxation collected $1.54 billion in tax revenue during the first nine months of the year, a 29 percent increase compared to the same period last year, it said in a press release yesterday.

The figures provided showed value-added tax collections soared by 41.9 percent year-on-year during the first nine months of 2017, while profit tax revenue increased by 33.2 percent.

In addition, special tax revenue – which includes additional fees on automobile parts, cigarettes, beer and alcohol – increased by 12.5 percent year-on-year during the period, with salary tax growing by 4.2 percent.

Contact PhnomPenh Post for full article

SR Digital Media
#41 St 228, Phum 4 Sangkat Boeng Rang, Khan Doun Penh, Phnom Penh Cambodia

Tel: Celcard: 078 555 166/ 078 555 133
Smart: 086 822 999 / 086 277 999

Copyright © All rights reserved, The Phnom Penh Post