PHNOM PENH, July 12 (Xinhua) -- Cambodia collected 1.71 billion U.S. dollars from all sources of taxes in the first six months of 2016, up 18 percent from 1.44 billion dollars over the same period last year, according to the latest figures released on Tuesday.
The Southeast Asian nation has two institutions responsible for collecting taxes. One is the General Department of Taxation (GDT), which collects interior taxes such as income tax, Value Added Tax, turnover tax, and property tax, and the other is the General Department of Customs and Excise (GDCE), which collects taxes on goods entering and leaving the country.
GDT's director-general Kong Vibol said in a statement that the GDT earned 829 million dollars in taxes during the January-June period this year, up 18 percent if compared to the same period last year.
"The GDT has achieved 58 percent of the government-set target for 2016," he said.
Meanwhile, the GDCE reported that it collected 883 million dollars in tax revenue during the first six months of this year, up 19 percent year-on-year.
GDCE's director general Kun Nhim said the department achieved about 55 percent of the determined target for this year.
