Two institutions are responsible for tax collection in the Kingdom. The General Department of Taxation (GDT) collects internal taxes, including income tax, salary tax, value-added tax, and property tax.

The General Department of Customs and Excise of Cambodia (GDCE), meanwhile, is responsible for collecting taxes on goods entering and leaving the country.

According to a GDCE report released at a press conference on Tuesday, the department collected US$3.2 billion in 2025, exceeding the target set under the budget law by 24.5 percent.

Minister Delegate to the Prime Minister and GDCE Director-General H.E. Kun Nhim said the amount of tax revenue collected by the GDCE in 2025 was comparable to that of 2019, a year marked by strong economic performance in both investment and trade.

At the same time, the GDT collected more than US$3.5 billion in tax revenue in 2025, representing an increase of over 3.25 percent from US$3.46 billion in 2024.

Overall tax revenue collection reached 100.23 percent of the amount planned for 2025, the report noted.

According to the Law on Finance for Management 2026, fiscal revenue is projected to account for the largest share of total government revenue, amounting to KHR 25,341,342 million (over US$6.3 billion), reflecting the government’s continued reliance on tax and customs collections as the backbone of public finances.

The post Cambodia Collects US$6.7 Billion in Taxes in 2025 first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

According to an official report, this figure represents 30.88 percent of the royal government’s budget target for the entire year of 2025.

The report highlighted that the primary sources of tax income during this period were financial and insurance activities, import-export activities, and manufacturing.

H.E. Kong Vibol, the Director-General of the GDT, underscored the tax administration’s ongoing efforts and commitment to implementing the government’s strategic plans for revenue mobilisation.

“The GDT has undertaken numerous supportive initiatives, extensively disseminated information through various media channels, and developed and published a range of documents to enhance services for taxpayers and ensure the provision of accurate and timely tax information,” stated H.E. Kong Vibol in the report.

The GDT has been actively reforming the tax system, focusing on improving taxpayer services, registration processes, audit procedures, debt management, and the swift resolution of issues encountered by taxpayers.

In Cambodia, two main government bodies are responsible for tax collection. The GDT manages interior taxes, including income tax, salary tax, value-added tax, and property tax. The General Department of Customs and Excise (GDCE) oversees taxes on goods entering and exiting the country.

The post Cambodia’s Tax Revenue Reaches US$1.25 Billion in First Quarter first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

This​ new​ infusion​ brings​ the​ Bank’s​ total​ shareholder’s​ equity​ to​ US$2.2​ billion,​ solidifying​ its​ position​ as​ the​ leading​ player​ in​ the​ Cambodia’s​ dynamic​ banking​ sector.

The​ shareholders’​ decision​ to​ inject​ this​ capital​ is​ a​ powerful​ endorsement​ to​ ABA​ Bank’s​ growth​ trajectory​ and​ unwavering​ commitment​ to​ Cambodia’s​ economic​ development.​

Notably,​ the​ shareholders​ have​ never​ repatriated​ any​ profit​ generated​ by​ ABA.​ Instead,​ they​ have​ continuously​ invested​ it​ back​ to​ the​ ABA​ ecosystem,​ focusing​ on​ technological​ advancements​ and​ continuous​ development​ of​ human​ capital.

Boost​ to​ Financial​ Stability​ and​ Technology

This​ latest​ capital​ injection​ not​ only​ enhances​ ABA​ Bank’s​ financial​ stability​ but​ also​ supports​ its​ vision​ for​ sustained​ growth​ and​ innovation.​ With​ the​ increased​ capital​ base,​ the​ Bank​ is​ better​ positioned​ to​ navigate​ economic​ uncertainties,​ ensuring​ greater​ stability​ and​ resilience​ in​ Cambodia’s​ financial​ landscape.

The​ new​ funding​ will​ accelerate​ ABA’s​ investments​ in​ cutting-edge​ technologies,​ enhancing​ its​ digital​ banking​ services​ and​ supporting​ the​ growth​ of​ SMEs.​ By​ focusing​ on​ these​ areas,​ ABA​ aims​ to​ empower​ local​ businesses​ and​ drive​ economic​ activity​ across​ multiple​ sectors,​ all​ while​ providing​ customers​ with​ more​ accessible,​ efficient,​ and​ secure​ banking​ solutions.​

Askhat​ Azhikhanov,​ CEO​ of​ ABA​ Bank,​ remarked,​ “This​ capital​ infusion​ is​ a​ clear​ example​ of​ the​ foreign​ direct​ investment​ in​ the​ economy​ thanks​ to​ continuous​ trust​ of​ our​ shareholders​ in​ Cambodia​ and​ in​ ABA.​ The​ additional​ capital​ enables​ us​ to​ continue​ providing​ loans​ to​ SMEs,​ keep​ investing​ in​ cutting-edge​ technologies,​ and​ deliver​ exceptional​ financial​ services​ while​ contributing​ to​ Cambodia’s​ economic​ progress.”

Continuous​ Contribution​ to​ National​ Economy

ABA​ Bank​ has​ also​ distinguished​ itself​ as​ a​ model​ corporate​ citizen​ in​ Cambodia,​ receiving​ the​ prestigious​ “GOLD”​ Certificate​ of​ Tax​ Compliance​ from​ the​ General​ Department​ of​ Taxation​ (GDT)​ for​ six​ consecutive​ years​ since​ 2019.​

This​ recognition​ underscores​ ABA’s​ consistent​ commitment​ to​ transparency​ and​ good​ corporate​ tax​ governance.​ The​ Bank​ has​ fully​ complied​ with​ Cambodia’s​ tax​ regulations,​ paying​ taxes​ in​ full​ and​ with​ 100%​ transparency.​ In​ recognition​ of​ these​ efforts,​ the​ bank​ was​ also​ honored​ with​ a​ Letter​ of​ Appreciation​ from​ the-then​ Prime​ Minister​ Hun​ Sen​ in​ May​ 2022.​

In​ 2023​ alone,​ ABA​ Bank’s​ income​ tax​ and​ other​ tax​ expenses​ amounted​ to​ $85​ million.​ In​ the​ first​ 8​ months​ of​ 2024,​ tax​ contributions​ already​ reached​ $80​ million.​

Cumulatively​ from​ 2009​ to​ 2024,​ ABA​ has​ contributed​ approximately​ $446​ million​ in​ taxes​ to​ the​ state​ budget,​ significantly​ supporting​ government​ initiatives​ in​ building​ infrastructure​ for​ the​ benefit​ of​ the​ people.

Investment​ in​ Human​ Capital

ABA​ Bank’s​ impressive​ growth​ is​ not​ just​ a​ result​ of​ financial​ strength​ and​ technological​ innovation,​ but​ also​ its​ unwavering​ commitment​ to​ developing​ human​ capital.​ Having​ created​ more​ than​ 9,300​ jobs,​ the​ Bank​ places​ great​ emphasis​ on​ nurturing​ talent​ and​ fostering​ a​ high-performance​ culture.​

ABA’s​ continuous​ investment​ in​ training​ and​ professional​ development​ ensures​ that​ its​ staff​ are​ well-equipped​ to​ meet​ the​ evolving​ needs​ of​ customers​ and​ the​ challenges​ of​ a​ fast-changing​ financial​ landscape.

Through​ leadership​ programs,​ skill-enhancement​ workshops,​ and​ career​ progression​ opportunities,​ the​ Bank​ supports​ the​ personal​ and​ professional​ growth​ of​ its​ employees,​ empowering​ them​ to​ drive​ innovation​ and​ deliver​ top-tier​ service.

The​ strong​ workforce,​ combined​ with​ advanced​ technologies,​ allows​ ABA​ to​ maintain​ its​ market​ leadership​ and​ continue​ setting​ new​ benchmarks​ in​ Cambodia’s​ banking​ industry.

Appreciation​ for​ Customer​ Trust

The​ Bank’s​ remarkable​ growth​ in​ its​ customer​ base​ reflects​ its​ commitment​ to​ excellence.​ Today,​ ABA​ Bank​ serves​ over​ 4​ million​ customers,​ 3.8​ million​ of​ whom​ are​ the​ ABA​ Mobile​ app​ users.​

This​ rapid​ expansion​ underscores​ the​ trust​ and​ confidence​ that​ Cambodian​ customers​ place​ in​ the​ bank.​ ABA​ extends​ its​ deepest​ appreciation​ to​ its​ customers​ for​ their​ loyalty​ and​ commitment,​ which​ has​ been​ pivotal​ in​ cementing​ its​ position​ as​ the​ leading​ digital​ bank​ in​ the​ country.

Expanding​ Market​ Footprint

With​ the​ additional​ capital,​ ABA​ Bank​ is​ ready​ to​ further​ consolidate​ its​ leadership​ in​ Cambodia’s​ competitive​ banking​ sector.​ The​ Bank​ continues​ to​ differentiate​ itself​ with​ competitive​ innovative​ financial​ products​ and​ a​ deep​ commitment​ to​ digital​ innovation.​

As​ ABA​ Bank​ continues​ to​ expand​ its​ footprint​ and​ capabilities,​ it​ remains​ dedicated​ to​ its​ mission​ of​ enhancing​ the​ financial​ well-being​ of​ its​ customers​ and​ contributing​ to​ the​ nation’s​ overall​ prosperity.

ABA​ Bank’s​ growth​ aligns​ with​ the​ Cambodian​ Government’s​ Pentagonal​ Strategy,​ supporting​ the​ country’s​ aspirations​ for​ sustainable​ and​ inclusive​ development.​ The​ Bank​ looks​ forward​ to​ serving​ even​ more​ Cambodians,​ reinforcing​ its​ role​ as​ the​ most​ trusted​ and​ secure​ banking​ institution​ in​ the​ Kingdom.

All​ in​ all,​ as​ ABA​ Bank​ continues​ to​ innovate​ and​ grow,​ it​ remains​ dedicated​ to​ supporting​ Cambodia’s​ economic​ development,​ ensuring​ that​ it​ remains​ at​ the​ forefront​ of​ the​ country’s​ financial​ services​ sector,​ delivering​ value​ to​ its​ shareholders,​ customers,​ and​ the​ community.

The post ABA​ Bank​ secures​ $220​ million​ in​ capital​ injection,​ commits​ to​ country’s​ economy first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The country has two institutions responsible for collecting taxes, namely the General Department of Customs and Excise (GDCE), which collects taxes on goods entering and leaving the country, and the General Department of Taxation (GDT), which focuses on interior taxes such as income tax, salary tax, value added tax, and property tax. Both are under the Ministry of Economy and Finance.

The ministry said in the report that GDT made US$1,710 million as tax income, or 48 percent of the yearly target, while GDCE earned US$1,199 million, or 44 percent of the set target.

“Tax and customs revenue collection throughout 2024 could reach more than US$5 billion, or 85.5 percent of the 2024 financial plan because the income tax collected in the first half of 2024 did not meet the target,” the ministry explained.

The target set for tax and customs income in 2024 is more than US$6.2 billion.

In 2023, GDT collected US$3,600 million in tax revenue, representing 101.13 percent of the 2023 plan, whereas GDCE made about US$2,288 million, or 82.4 percent of the plan.

The post Cambodia Collects US$2.9 Billion in Tax Revenue in First Half of 2024 first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The figures were released here on July 24 in a meeting chaired by H.E. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance.

H.E. Aun Pornmoniroth highly value the achievement of the GDT. “The tax income collection has been made with good performance in the first six months of this year despite difficulties due to risks, uncertainty of the global economy and politics,” he said.

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 (GDCE), which collects taxes on goods entering and leaving the country.

The post Cambodia Collects US$1.9 Billion Tax Income in First Half of This Year first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The Kingdom currently implements DTAs with Singapore, China, Thailand, Brunei, Vietnam, Indonesia, China’s Hong Kong Special Administrative Region, Malaysia, and South Korea, while DTAs with China’s Macau Special Administrative Region and Turkey are in the process of ratification.

DTAs give confidence and certainty to foreign investors through many benefits, the GDT said in a statement issued recently.

“DTAs not only avoid double taxation, but also play an important role in attracting foreign direct investment and increasing international competitiveness,” it said.

DTAs also prevent or eliminate tax discrimination between local and foreign companies, providing mechanisms for resolving tax disputes, as well as mechanisms for exchanging information between state parties on tax evasion.

The country has two institutions, under the Ministry of Economy and Finance, responsible for collecting taxes. One is the GDT, which focuses on interior taxes such as income tax, salary tax, value-added tax and property tax.

The other is the General Department of Customs and Excise (GDCE), which collects taxes on goods entering and leaving the country.

The post Cambodia is negotiating DTA establishment with seven countries first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

“The tax income in January this year accounts for 7.17 percent of the yearly target,” said a report issued on Monday.

In January, it pointed out, that the GDT earned value-added tax (VAT) of US$8.67 million on e-commerce transactions from non-resident taxpayers of enterprises, suppliers of goods, and electronic services from abroad.

The government started implementing e-commerce VAT in April 2022 and taxed companies including Google, Facebook, YouTube, Alibaba, Microsoft, and TikTok.

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 (GDCE), which collects taxes on goods entering and leaving the country.

Last year, the GDT earned US$3.61 billion, a 4.5 percent increase from US$3.45 billion in 2022.

The post GDT collects nearly $300 million as tax income in January first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

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 (GDCE), which collects taxes on goods entering and leaving the country.

In 2023, the GDT earned US$3.61 billion, up 4.5 percent from US$3.45 billion a year before, read the report.

On the other hand, the GDCE collected US$2.28 billion in 2023, a decline of 15.7 percent from US$2.67 billion in 2022, the source pointed out.

H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance lauded the tax officials’ efforts in collecting taxes.

“The revenues were achieved in a situation where the surrounding environment was facing challenges, including the slow recovery of the superpowers’ economy, the continued prolongation of wars, geopolitical tensions, that have disrupted the transport sector and the supply chain, as well as demand for consumption,” he said at the GDCE’s annual meeting organized here last Friday.

The post Cambodia collects $5.9 billion as tax income in 2023 first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The figures were shared at an annual meeting held here on Jan. 23 under the chairmanship of H.E. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance.

The 2023 tax income reached 101.13 percent of the target and saw an increase of 4.49 percent compared to 2022, read the report.

The remarkable tax revenue has provided an opportunity for the Cambodian government to invest in building roads and other key infrastructure development, the source underlined.
H.E. Aun Pornmoniroth spoke highly of the GDT’s efforts in collecting tax income to exceed the plan, adding that tax income vitally contributes to continuing national development.

“The tax income collection has achieved good performance, exceeding the target in a time of difficulties due to risks, uncertainty of the global economy and politics,” he said.

Cambodia has two institutions for collecting taxes. One is the General Department of Taxation, 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, which collects taxes on goods entering and leaving the country.

The post GDT earns $3.6 billion income tax last year first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The figure was released on Nov. 15 in a monthly meeting chaired by H.E. Kong Vibol, Minister Attached to the Prime Minister and GDT’s Director General.

“The tax income collection in the ten-month period equals 85.8 percent of the yearly budget plan,” H.E Kong Vibol said.

In October alone, GDT generated some $260 million from tax collection, he added, lauding the joint efforts of officials in collecting tax income efficiently.

Modernization has resulted in better rates of registration, improvement in taxpayer services, and filing of tax returns in addition to the expansion of data storing facilities among other things, he said.

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 (GDCE), which collects taxes on goods entering and leaving the country.

The post Cambodia collects $3 billion as tax income in ten months first appeared on Estatedia | Economy & Real Estate Media in Cambodia.