Tax revenues grow state coffers by $1.3B

[geovalin]

Sor Chandara

Revenue from tax collection jumped 25 per cent in 2015, government officials revealed yesterday, saying the tax department has collected about $1.3 billion on the back of better compliance and awareness among the private sector.

At a seminar in Phnom Penh, Kong Vibol, director of the General Department of Taxation (GDT), said the increase was not a result of an increase in the tax rate, which has remained unchanged, but rather that businesses are now more aware of their tax obligations, helping boost collection this year.

“We want the private sector to understand their tax obligations and we encourage more of them to register with the tax department and get involved in the culture of paying taxes,” Vibol added.

read more: http://www.phnompenhpost.com/business/tax-revenues-grow-state-coffers-13b