Phnom Penh: The General Department of Customs and Excise of Cambodia (GDCE) collected some US$2,590 million as tax revenues in 2024, up 13.8 percent from US$2,288 million the previous year.
According to Agence Kampuchea Presse, the figures were released in an annual meeting held here on Feb. 10 under the chairmanship of H.E Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, with the participation of GDCE Director General H.E. Kun Nhem and many key officials.
Despite some major challenges, GDCE achieved a remarkable customs collection, said H.E. Aun Pornmoniroth on the occasion. He highly valued the efforts of the GDCE’s leadership and staff for their strong revenue collection, achieving remarkable results despite challenges last year.
The GDCE’s revenue collection was achieved remarkably despite facing some challenges including the slow global economic recovery, the ongoing Russia-Ukraine and Israel-Hamas wars, the Middle East issues, and geopolitical tensions, he said.
Looking ahead to 2025, the Deputy Prime Minister outlined key priorities for improving revenue collection and efficiency, including maximising revenue collection, preventing tax evasion, strengthening compliance and e-commerce management, modernising institutions, and increasing collaboration with state institutions and the private sector, and improving governance.
The country has two institutions responsible for collecting taxes. One is the GDCE and the other is the General Department of Taxation (GDT), which focuses on interior taxes such as income tax, salary tax, value-added tax, and property tax.