Cambodia Earns $4.5B as Tax and Customs Revenues in 2021

Cambodia Earns $4.5B as Tax and Customs Revenues in 2021

The Royal Government of Cambodia collected US$4.5 billion in revenues from tax and customs in 2021, Prime Minister Hun Sen said on Monday.

The General Department of Taxation earned US$2,243 million last year, some 24 percent higher than the target, he pointed out at a groundbreaking ceremony for the National Road No. 48 improvement project in Koh Kong province

The revenue collected by the General Department of Customs and Excise was US$2,294 million, about 97 percent of the yearly target, the Premier added.

PM Hun Sen highly valued the tax collection performance in the hard time of COVID-19, particularly the revenue from all sources of taxes started to recover since the country’s full reopening.

“Our economy is returning to normal, and our tax revenue in late 2021 was good. Our economic growth is projected at around 3 percent last year,” PM stressed.

The Royal Government of Cambodia collected US$5.3 billion as tax and customs revenues in 2020, of which US$2,878 million was tax revenue.