Tax revenues increase by 22.9 per cent

The Kingdom’s tax revenues increased by more than 20 per cent in the first quarter of 2012 compared with the same period last year. Officials said the rise reflects an influx of new buinesses and investments. Opposition lawmakers, however, claim that the numbers are still far below what they should be. According to data from the General Department of Taxation, the country’s total tax revenues amount to $193.01 million – up from last year by 22.9 per cent. Revenues from income tax increased by 18.51 per cent, taxes on businesses by 24.51 per cent and value-added tax (VAT) by 34.27 per cent. …

http://www.phnompenhpost.com/2013041265054/Business/tax-revenues-increase-by-22-9-per-cent.html