Tax revenue sees a 27 per cent jump

The Kingdom’s tax revenue increased 27.85 per cent in the first two months compared to a year earlier, a figure the opposition party said is low due to corruption and tax cheats. According to the data from the General Department of Taxation (GDT), total tax revenue amounted to $122.17 million. Revenue from payroll taxes increased 17.1 per cent, revenues through income taxes went up 40.8 per cent, and property tax revenue rose 9.6 per cent. Tax revenues from the telecoms sector made the largest jump at 94.3 per cent. The garment sector paid 41.8 per cent more in taxes, the transport and tourism sector brought 34.2 per cent more income for the government, while hotel and questhouse tax revenues increased by 20.3 per cent. … [Son Chhay, member of the parliament from the opposition Sam Rainsy Party] claimed that Cambodia loses between $400 million and $500 million in tax revenue a year due to collusion between tax collection officers and business tycoons to avoid paying taxes. For the entirety of 2012, the government collected $740 million, according to the data from the GDT.

http://www.phnompenhpost.com/2013032864735/Business/tax-revenue-sees-a-27-per-cent-jump.html