Cambodia collected US$2.95 billion from all sources of taxes in the first half of 2020, down 1.6 per cent from 3 billion dollars over the same period last year, according to official statements on Thursday (July 16).
The Southeast Asian country has two institutions responsible for collecting taxes. One is the General Department of Customs and Excise (GDCE), which collects taxes on goods entering and leaving the country, and the other is the General Department of Taxation (GDT) focusing on interior taxes such as income tax, salary tax, value-added tax, and property tax.
GDCE’s director-general Kun Nhim said in a statement that the institution made $1.27 billion in customs and excise revenue during the January-June period this year, down 16 per cent compared to the same period last year.
