Cambodia’s tax receipts improve strongly in 2012

Reportedly, the Cambodian government has actually collected 455 million U.S. dollars of tax in the first seven months of 2012, which is a 40-percent increase from 325 million U.S. dollars over the same period last year. This was announced by the General Department of Taxation and reported by Xinhua news agency.

“The revenues have been collected from tax on profit, withholding tax, tax on salary, VAT (Value Added Tax), special tax on certain merchandises and services, turnover tax, vehicle tax, patent tax, and property tax”, it was reported.

Xinhua also reported that speaking in a monthly meeting last week, Sim Ieng, director general of the General Department of Taxation, urged his tax officials to enforce laws in order to collect more revenues for the treasury.

(Source – www.asean-cn.org)