PHNOM PENH: The General Department of Taxation (GDT) at the Ministry of Economy and Finance collected almost US$1.6 billion as taxable income in the first four months of this year, accounting for 44 percent of the yearly target.
The figures were released by GDT Director General H.E. Kong Vibol in a special broadcast on tax services on Wednesday.
The collection of revenue from e-commerce operations for the January-April period of 2023 was recorded at US$26 million.
H.E. Kong Vibol explained the significant tax revenue in the first four months by the high tax revenue situation in January-March 2023, which was the season for declaring and paying income tax for 2022.
He attributed the achievement to the government’s efficient measures against the pandemic.
The GDT is a government agency responsible for collecting interior taxes such as income tax, salary tax, VAT, and property tax.
In 2023, the government targets KHR 23 trillion (approximately US$5.5 billion) as income from the GDT and the General Department of Customs and Excise, which collects taxes on goods entering and leaving the country.