Tax Revenue Ahead of Target

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ot mien kampf
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Tax Revenue Ahead of Target

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http://www.khmertimeskh.com/news/24967/ ... of-target/
KhmerTimes/Sum Manet
Sunday, 15 May 2016
51 views

A total of $637.82 million was collected by the General Department of Taxation (GDT) in the first four months of this year, accounting for 44.87 percent of the target set by law on financial management for 2016, according to data from the GDT.


The data from the GDT shows all types of tax revenue collected in the first four months of 2016, an increase of about $113.67 million, or about 21 percent, compared with the same period last year.


Kong Vibol, the general director of the GDT, said that the first quarter of 2016 also saw an increase in tax revenue from major categories such as the tax on profits, which increased 58.09 percent, the tax on salaries, which increased by 19.09 percent, and special taxes, which increased about 25.0 percent.


Mr. Vibol added that tax revenue from business activities also increased.


Aun Panmoniroth, the Minister of Economy and Finance, said he was pleased with the tax management and officials at all levels and the tax revenue achieved in the first quarter to April.


He said he encouraged all taxation officials across the country and added they had overcome many difficulties and challenges to fulfil their duties. He said the revenue had exceeded the target set for the year so far and his officials had increased services to taxpayers, provided more convenient ways to pay taxes, they had provided easy access everywhere and helped the organization make great strides in reaching the overall revenue target.


“The GDT is an entity that implements the government’s fiscal policy, revenue collection, budget and public services and helps taxpayers to better appreciate the way their taxes are used,” Mr. Panmoniroth said.
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