Wednesday, January 6, 2010

Poipet tax revenues fall by close to 50pc

Tuesday, 05 January 2010
By Soeun Say
The Phnom Penh Post

CUSTOM tax revenues at the Poipet International Border Checkpoint fell by almost half in 2009 compared with a year earlier amid fallout from the global economic crisis, a reduction on duties on some products and political tension with Thailand.
Revenues fell 48.81 percent to US$40 million in 2009, down from $79 million in 2008, the checkpoint’s Chief Customs and Excise Officer Chuop En said.
“Imports of general goods has fallen a lot because of the influence of the global economic crisis and the Cambodian-Thai conflict,” he said.

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