The General Department of Customs and Excise of Cambodia (ACC) collected 2,428.6 billion Riels, equivalent to $597.6 million or approximately 23.2percent of the plan set by the Financial Law for 2022 management.
When compared to the same period in 2021, this revenue decreased by 61.2 billion riels or 2.5 percent. This report was said in the meeting to review the results of Customs and Excise in the first quarter of 2022 chaired by Dr Kun Nhim, Minister Delegate to the Prime Minister, Director General of the General Department of Customs and Excise.
According to the revenue and tax revenue report, the value added tax was 943.8 billion riels (equivalent to 38.9percent of total revenue), and special tax was 894.9 billion riels (equivalent to 36.8 percent of total revenue), customs duties amounted to 436.3 billion Riels (equivalent to 18 percent of total revenue), VAT on petroleum products amounted to 100.9 billion Riels (equivalent to 4.2 percent of revenue). Export tax and other fees amounted to 52.8 billion Riels (equivalent to 2.2 percent of total revenue.
In terms of revenue by group of goods, vehicles and machinery amounted to 1,023.8 billion Riels (equivalent to 42.2 percent of total revenue), mixed goods accounted for 708.7 billion Riels (equivalent to 29.2 percent). Other products amounted to 553.6 billion Riels (equivalent to 22.8 percent of total revenue), and construction materials and other fees amounted to 142.5 billion Riels (equivalent to 5.9 percent of total revenue.
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.
