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.

MOST VIEWED

  • Stock photo agencies cash in on Khmer Rouge tragedy
    Stock-photo companies selling images from S-21 raises ethics concerns

    A woman with short-cropped hair stares directly into the camera, her head cocked slightly to the side. On her lap is a sleeping infant just barely in the frame. The woman was the wife of a Khmer Rouge officer who fell out of favour, and

  • Prime Minister: Take back islands from inactive developers

    The government will “take back” land on roughly 30 islands from private companies that have not made progress on planned developments, Prime Minister Hun Sen said in a speech on Monday that also targeted land-grabbing villagers and idle provincial governors. Speaking at the inauguration of the

  • Land on capital’s riverfront is opened up for investment

    The government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the

  • Royal Group's Koh Rong luxury hotel officially opens

    The Royal Sands Koh Rong hotel on Monday marked its official launch as the first luxury resort on Cambodia’s most visited island. Prime Minister Hun Sen presided over the inauguration of the hotel, which has been open since December, and features rooms priced at