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General Department of Taxation collected more than $1 billion USD in the first quarter

  • Tax collected approximately 1,263.07 million USD in the first quarter of 2022
  • Five major tax categories increased significantly in the first three months of 2022 compared to the same period in 2021
  • 71 million US dollars in tax revenue was collected through the online revenue data management system in March 2022

PHNOM PENH: Mr. Kong Vibol, General Department of Taxation, stated that the General Department of Taxation collected approximately 1,263.07 million USD in the first quarter of 2022, equivalent to 44.80 percent of the 2022 financial plan, a 22.25 percent increase. According to a press release issued by the Director General of Taxation,

At the meeting to review the results of tax collection for March and the first quarter of 2022 with the direction for further implementation of the Director General of Taxation on April 19, Mr. Kong Vibol confirmed that “In the first three months of 2022, the General Department of Taxation collected 5,115.42 billion riels (approximately 1,263.07 million dollars) in tax revenue through the online revenue management system, equivalent to 44.80 percent of total revenue.” In comparison to tax revenue in the same period in 2021, the annual financial law plan increased by 930.99 billion riels (approximately 229.87 million dollars), or 22.25 percent.

He stated that revenue from five major tax categories increased significantly in the first three months of 2022 compared to the same period in 2021, with income tax accounting for 2,698.02 billion riels. The value added tax was 774.01 billion riels (up 515.17 billion riels, or 23.60 percent), the special tax was 298.47 billion riels (up 40.84 billion riels, or 15.86 percent), the salary tax was 315 billion riels (up 55.05 billion riels, or 21.18 percent), and the stamp duty on real estate transfers was 226.79 billion riels (up 58.94 billion riels, or 35

According to the General Department of Taxation, approximately 750.71 million US dollars in tax revenue was collected through the online revenue data management system in March 2022, accounting for 26.63 percent of the financial legal plan for management.

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