In Phnom Penh, Cambodia’s tax authorities reported a strong revenue performance in 2025, collecting nearly $6.77 billion in combined tax revenues despite ongoing economic challenges and slower regional growth. The figures, released by the General Department of Taxation and the General Department of Customs and Excise of Cambodia, highlight the growing contribution of major corporations and financial institutions to the country’s economy. Several leading companies were officially recognised by Prime Minister Hun Manet for their significant role in supporting national tax revenues through consistent compliance and business growth.
The recognition reflects Cambodia’s broader effort to strengthen public revenue collection while maintaining investor confidence and economic stability. According to figures shared by the tax authorities, both domestic tax collection and customs revenue exceeded government expectations in 2025, signaling continued resilience in key sectors such as telecommunications, banking, manufacturing, beverages, and automotive distribution. More information about Cambodia’s tax administration can be found through the official General Department of Taxation Cambodia.
Cambodia’s Biggest Tax Contributors
Among the country’s top taxpayers in 2025 were some of Cambodia’s largest and most influential companies operating across different industries. Telecommunications companies continued to dominate the list, while banks and consumer product manufacturers also maintained a strong presence.
Cambodia’s Top 10 Taxpayers in 2025
- Viettel Cambodia (Metfone)
- HEINEKEN Cambodia Co., Ltd
- Smart Axiata Co., Ltd
- N.C.X. Co., Ltd (Honda)
- Advanced Bank of Asia Limited (ABA Bank)
- ACLEDA Bank Plc.
- Amret MFI
- KB Prasac Bank Plc.
- Cambrew Ltd.
- JT International Cambodia Ltd
These businesses play a major role in Cambodia’s economic activity through employment creation, investment, digital infrastructure, financial services, and consumer goods distribution. Their contributions also help support government spending on infrastructure, education, healthcare, and national development programs.
Tax Revenue Surpasses Government Targets
Official figures show that Cambodia’s General Department of Taxation collected approximately $3.577 billion in domestic taxes during 2025. This included revenue from value added tax, salary tax, income tax, and property tax collected from businesses and individuals operating across the country.
Meanwhile, the General Department of Customs and Excise generated approximately $3.2 billion from customs duties and excise taxes tied to imports and exports. Combined revenues from both institutions reached around $6.777 billion, exceeding the government’s annual target despite external economic pressures.
The General Department of Taxation achieved 100.23 percent of its planned annual budget target, while the customs authority exceeded its target by an impressive 24.5 percent. The strong performance demonstrates improving tax administration, better compliance, and continued economic activity across several sectors.
Banking and Telecom Sectors Lead Growth
Cambodia’s banking and telecommunications sectors remained among the country’s strongest economic drivers in 2025. Financial institutions such as ABA Bank, ACLEDA Bank, Amret MFI, and KB Prasac Bank continued expanding their digital services and lending operations, helping support businesses and consumers across the country.
At the same time, telecom operators Metfone and Smart Axiata maintained large customer bases and ongoing investments in mobile and internet infrastructure. Their continued expansion has helped accelerate Cambodia’s digital transformation while also contributing significantly to government tax revenues.
Manufacturing and beverage companies also remained key contributors. HEINEKEN Cambodia and Cambrew Ltd continued benefiting from strong domestic demand, while Honda distributor N.C.X. Co., Ltd maintained a solid market position in Cambodia’s growing automotive sector.
Recognition Reflects Economic Confidence
The government’s decision to honour leading taxpayers reflects growing emphasis on transparency, compliance, and private sector partnership in Cambodia’s economic development strategy. By publicly recognising high performing taxpayers, authorities aim to encourage stronger tax compliance among businesses while strengthening investor trust in Cambodia’s economic environment.
Analysts believe the strong revenue performance could also provide the government with greater financial flexibility to support infrastructure development, digital transformation, and public services in the years ahead. Despite global economic uncertainty, Cambodia’s tax performance in 2025 suggests continued resilience across several important industries.
Conclusion
Cambodia’s impressive tax revenue performance in 2025 highlights the growing role of major businesses in supporting the country’s economic growth and public finances. With telecommunications firms, banks, manufacturers, and consumer companies leading the list of top taxpayers, the country continues strengthening its financial foundation even amid regional economic challenges. As Cambodia pushes forward with economic reforms and investment growth, strong tax collection will remain an important pillar for sustainable national development.