Cambodia: $1.25 billion in tax revenue in the first quarter of 2025

The General Department of Taxation (GDT) of Cambodia announced that it collected US$1.25 billion in tax revenue during the first quarter (Q1) of 2025. This amount represents 30.88% of the Royal Government's total budget target for the entire year of 2025, which stands at approximately US$7.26 billion in national revenue.

H.E. Kong Vibol, Director General of the DGI

The main sources of tax revenue during this period were financial and insurance activities, import-export activities, and manufacturing sectors. These sectors contributed significantly to the tax revenue collected by the DGI.

H.E. Kong Vibol, Director General of the DGI, highlighted his department's ongoing efforts to implement the government's strategic plans for revenue mobilization. The DGI has actively reformed the tax system by improving taxpayer services, registration procedures, audit procedures, debt management, and the prompt resolution of taxpayer issues. In addition, the DGI has widely disseminated tax information through various media and published documents to help taxpayers obtain accurate and up-to-date tax information.

In Cambodia, tax collection responsibilities are divided between two main government agencies:

The General Department of Taxation manages domestic taxes such as income tax, payroll tax, value added tax (VAT), and property tax.

The Customs and Excise Department oversees taxes on goods entering and leaving the country, which account for approximately 70% of national tax revenue and approximately 40% of total national revenue.

The Cambodian government's national revenue target for 2025 is 29,050 billion riels (approximately US$7.26 billion), slightly lower than the 2024 target due to tax relief measures for micro, small, and medium-sized enterprises (MSMEs) and certain property tax exemptions. Despite this, the government expects stable revenue collection, supported by export growth and increased tourism.

Cambodia's fiscal results for the first quarter of 2025 show significant progress toward the annual target, supported by reforms and targeted efforts by the GDT to improve tax administration and taxpayer services, with a significant contribution from the financial, commercial, and manufacturing sectors.