The General Department of Customs and Excise (GDCE) has collected US$564.1 million as custom income in the first three months of this year, a decline of 5.2 percent compared to the same period of 2022.

The figures were released here on April 11 at a recapitulative meeting of GDCE chaired by its Director General H.E. Kun Nhim.

The income represents 20.5 percent of the target set for the entire year of 2023, said the GDCE in a news release yesterday.

During the first quarter of 2023, the main source of income was the import taxes on vehicles and machinery, which accounted for 36.3 percent of the total customs income.

Cambodia has two institutions responsible for collecting taxes. One is the GDCE, which collects taxes on goods entering and leaving the country, 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.

Source: Agence Kampuchea Presse