Cambodia is looking at raising its revenue target by over 20 percent next year, with the boost expected to come from higher customs and excise tax collections.
The government said on Tuesday it is targeting to hit a 28.1-percent increase in revenue collection next year, or a total of $2.87 billion in 2020. The figure is expected to account for 17.72 percent of its gross domestic product (GDP).
Revenue from tax collection would rise to $2.33 billion, or by 21.3 percent, accounting for 7.93 percent of the country’s GDP.
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