Cambodia collects 1.9 bln USD taxes in Q1

PHNOM PENH, April 13 (Xinhua) -- Cambodia collected 1.9 billion U.S. dollars from all sources of taxes in the first quarter (Q1) of 2023, up 2 percent from nearly 1.86 billion dollars in the same period last year, according to press statements released on Thursday.

The Southeast Asian country has two institutions responsible for collecting taxes. One is the General Department of Taxation (GDT), which focuses on interior taxes such as income tax, salary tax, value-added tax and property tax, and the other is the General Department of Customs and Excise (GDCE), which collects taxes on goods entering and leaving the country.

In its news statement, the GDT said the agency made 1.34 billion dollars in tax revenue during the January-March period this year, up 6.3 percent from 1.26 billion dollars in the same period last year.

"The GDT has achieved 37.63 percent of the self-imposed target for 2023," the statement said.

Meanwhile, GDCE's director-general Kun Nhem said in a separate statement that the GDCE earned 564 million dollars in customs and excise revenue during Q1 this year, a year-on-year decrease of more than 5 percent from 597 million dollars.

"We have achieved 20.5 percent of the target set for 2023," he said.

Nhem said automobiles and machinery topped the list of customs and excise revenue sources at 36.3 percent, followed by general goods at 32.9 percent, petroleum at 24 percent, and construction materials as well as miscellaneous fees at 6.8 percent.