PHNOM PENH: The General Department of Customs and Excise of Cambodia (GDCE) has collected some US$1,479 million in the first half of this year, making a year-on-year increase of 21 percent.
The report on the tax revenue collection was shared in a meeting held on July 11 under the chairmanship of GDCE Director General H.E. Kun Nhim.
“This revenue is estimated to be approximately 58.6 percent of the 2025 financial management plan,” read the report.
H.E. Kun Nhim cited some major challenges including the increasing scope and complexity of free trade agreement implementation, the rise of domestic production instead of imports, broader tax and duty incentives to attract investment, the increasing population of small-cylinder and electric vehicles, and the continued development of new and more sophisticated tax evasion activities.
The 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.