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The Better Cambodia > Blog > Invest In Cambodia > Business > Economy > Cambodia’s Customs Revenue Reaches US$2.59 Billion in 2024, Marking 13.8% Growth
EconomyNews

Cambodia’s Customs Revenue Reaches US$2.59 Billion in 2024, Marking 13.8% Growth

Last updated: February 11, 2025 11:02 am
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TBC
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Published: February 11, 2025
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Cambodia's Customs Revenue Reaches US$2.59 Billion in 2024, Marking 13.8% Growth
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The General Department of Customs and Excise of Cambodia (GDCE) reported a tax revenue collection of approximately US$2,590 million in 2024, marking a 13.8 percent increase from US$2,288 million in the previous year.

These figures were disclosed during an annual meeting on February 10, chaired by H.E. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance. The meeting also saw the participation of GDCE Director General H.E. Kun Nhem and other key officials.

Despite facing significant challenges, the GDCE managed to achieve impressive revenue growth. Deputy Prime Minister Aun Pornmoniroth commended the efforts of the GDCE’s leadership and staff for their resilience and commitment to revenue collection in a difficult year.

He highlighted the various challenges faced by the GDCE, including the slow global economic recovery, the ongoing Russia-Ukraine and Israel-Hamas conflicts, and geopolitical tensions. Nonetheless, the GDCE’s revenue collection exceeded expectations.

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Looking ahead to 2025, the Deputy Prime Minister outlined several priorities for further improving revenue collection and operational efficiency. These include maximizing revenue, preventing tax evasion, strengthening compliance and e-commerce management, modernizing institutions, enhancing collaboration between state institutions and the private sector, and improving governance.

Cambodia’s tax system is supported by two key institutions: the GDCE, responsible for customs and excise duties, and the General Department of Taxation (GDT), which handles domestic taxes such as income tax, salary tax, value-added tax, and property tax.

Source: Ministry of Information

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