Logo of Phnom Penh Post newspaper Phnom Penh Post - Tax revenue soars on vehicle, tobacco tariffs

Tax revenue soars on vehicle, tobacco tariffs

Tax revenue soars on vehicle, tobacco tariffs

Cambodia's General Department of Taxation (GDT) collected $1.09 billion in taxes during the first 10 months of 2015, up 23.9 per cent compared to the same period a year earlier, according to a statement posted on its website.

Leading this growth was increased tax revenue on vehicles, which grew 116 per cent during the period, while taxes collected on tobacco grew 114.9 per cent, according to the statement.

The $1.09 billion tax revenue collected so far this year represents 93.7 per cent of 2015’s annual tax revenue quota, GDT director general Kong Vibol said.

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