Cambodia Ends 2025 with Record USD 6.77 Billion in Tax Revenue

In a context of persistent international economic challenges, Cambodia closed the year 2025 with a record total of USD 6.77 billion in tax revenues, slightly surpassing the established budgetary targets.

His Excellency Kun Nhim

Performance of Key Institutions

The General Department of Taxation (GDT) collected more than USD 3.5 billion, marking an increase of 3.25% compared to USD 3.46 billion in 2024, thanks to improved tax administration and the growth of the financial, manufacturing, and import-export sectors.

Meanwhile, the General Department of Customs and Excise (GDCE), led by His Excellency Kun Nhim, generated USD 3.2 billion, exceeding its target by 24.5%, a level comparable to the record year of 2019. Together, these revenues reached 100.23% of the annual plan.

Economic Context

Despite sustained growth in trade and tourism, these results stem from digital reforms, intensified efforts to combat fraud, and greater taxpayer awareness, as highlighted by Minister Delegate Kun Nhim during a press conference on January 27.

Customs revenues in particular benefited from a 21% increase in the first half of the year, driven by automobiles, machinery, and construction materials, despite a slight decline in petroleum products. For 2026, the Finance Law anticipates 25,341 billion riels (more than USD 6.3 billion) in tax revenues, confirming the pivotal role of taxation in the national budget to finance infrastructure and social development.

Implications for the Future

This fiscal success strengthens Cambodia’s macroeconomic stability as it advances toward upper-middle-income status, while underscoring the need to diversify revenue sources beyond taxes and customs. Experts such as economist Darin Duch note that these performances reflect a maturing system, with increased fiscal space for strategic investments. The government now relies on digitalization and training to sustain this momentum.