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Despite COVID-19 pandemic, Cambodia’s tax revenue continues to rise, touching $5.3 billion

Tax dollars continue to roll in to help government spending. Dreamstime

The Royal Government of Cambodia collected $5.3 billion as tax and customs revenues in 2020, although the Kingdom’s economy is being hit by the COVID-19 crisis.

Addressing the people via live telecast, Prime Minister Hun Sen said that tax revenue rose to $2.878 billion as of Dec. 28, one percent higher than the yearly plan.

Customs revenue, on the other hand, was below the target, reaching $2.4 billion, he said.

Three more days left before the end of this year, the revenues would therefore increase to $5.3 billion, Hun Sen added.

Last year, some $3.2 billion was collected as tax revenue and $2.8 billion as customs revenue. Chea Vannak – AKP

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