Tax collection soars
Tax collections rose to $768 million in the first quarter of this year, a 92 percent rise on the same period last year. General department of taxation director-general Kong Vibol told a meeting chaired by Finance Minister Aun Pornmoniroth on April 23 that the collection figure was a source of pride. Last month alone, his department collected 1.66 billion riel ($417 million) from all tax streams. The first-quarter tax take accounted for 44.8 percent of the plan set out in the Finance Act. “Compared with the same period of 2016, the implementation of all kinds of tax collection for the first quarter of 2017 increased $368 million, or 92.2 percent,” Mr. Vibol said.
