Khmer Times/Sum Manet Thursday, 12 January 2017 614 views

Customs revenue rises

The General Department of Customs and Excise (GDCE) collected $1.74 billion in taxes in 2016, up 10.5 percent compared with 2015.
 

Kun Nhem, director-general of the GDCE, said that excise tax revenue in 2016 amounted to 7.076 billion riel or close to $1.74 million.
 

“In 2016, the total tax collected by the GDCE exceeded the target set out in the 2016 Finance Act,” said Mr. Nhem.
 

Minister of Economy and Finance Aun Pornmoniroth said he was pleased with the GDCE’s tax management and its officials at all levels in achieving the targets in the 2016 Finance Act.
 

“I encourage all customs officers across the country to keep carrying on their work. They have overcome many difficulties and challenges to fulfill their duties,” he said. The tax system in Cambodia has had significant reforms and the tax collection system includes profit tax, salary tax, VAT and excise tax, and personal income tax. A new property tax was introduced in 2011.

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