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Home Economic

Taxes are Completed Exceed the Plan 14% within the Last 11 Months of 2021

CamboToday by CamboToday
December 13, 2021
in Economic
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Taxes are completed exceed the plan 14% within the last 11 months of 2021
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According to the online meeting of the General Department of Taxation, in the last 11 months of 2021, the tax collected by the General Department of Taxation was 10,368.5 billion riels (about 2,560.12 million US dollars), completing 114.13% of the 2021 fiscal law management law plan. At the same time, 119,811 cases were provided with consulting services to taxpayers, an increase of about 25% over the same period in 2020.

According to the ministers who attended the meeting on behalf of Prime Minister Hun Sen, the factors that contributed to the November tax increase and the completion of 14.13% of the 2021 plan in 11 months over 2021 are included as follows. Under the leadership of Cambodian Prime Minister Hun Sen, the active fight against the new crown epidemic was carried out. Under the guidance of Hun Sen and the Minister of Economy and Finance, Cambodia reopened various fields in November.

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The second is the online tax payment system developed before the epidemic, which greatly facilitates tax payment by taxpayers and enterprises. Taxpayers and enterprises can submit applications and pay taxes online through mobile applications. The tax time is shortened, which is convenient for taxpayers and avoids the infection of the new coronavirus.

Under the online tax management system, in November 2021, various types of taxes were collected and amounted to 990.29 billion riels (approximately US$ 244.52 million), equivalent to 10.90% of the 2021 fiscal and management law plan. Compared with the same period last year, it increased by 49.31 billion riels (about 12.17 million US dollars).

Tags: Taxes
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