CGCE collects $2.4bn in custom revenue in first nine months of 2019

The General Department of Customs and Excise (GDCE) collected almost $2.4bn in custom revenue in the first nine months of 2019, a 35% increase compared to the same period last year. The revenue is equivalent to 106% of the government’s target for the whole year, according to Kun Nhem, GDCE director-general. The main sources of revenue were imports of vehicles and machinery, accounting for 52% of total revenue; energy and petroleum, 17%; and construction material. Reforms implemented by GDCE that have strengthened the body’s internal governance and increasing awareness from payers regarding their tax obligations have contributed to the growth, Nhem said. (Source: Khmer Times)