PHNOM PENH, Jan. 24 (Xinhua) -- Cambodia's General Department of Taxation (GDT) said on Wednesday that it had collected 3.61 billion U.S. dollars in tax revenue in 2023, a year-on-year increase of 4.5 percent.
"The GDT had achieved 101 percent of the target set in the 2023 budget law," GDT's director general Kong Vibol said in a press statement. "This good outcome has importantly contributed to the country's development."
The revenue came from tax on profit, withholding tax, tax on salary, value added tax (VAT), special tax on certain merchandises and services, turnover tax, vehicle tax, patent tax and property tax.
According to the statement, the GDT made e-commerce VAT income of 75.5 million dollars from the operations of electronic goods and services last year.
The Southeast Asian country began to collect a VAT of 10 percent on e-commerce transactions from overseas-resident companies such as Google, Meta, Amazon, Microsoft, YouTube, TikTok and Netflix, among others from April 1, 2022.
Kong Vibol said the VAT on e-commerce transactions was one of the potential sources of revenue for the kingdom. ■
