Tax Exemption for COVID-19 Affected Businesses Extended to June 2022

• 22 December 2021
• Local News
• 1821 Views

The Cambodian government has decided to extend tax exemption to the tourism, hospitality, and other COVID-19 affected businesses from March to June 2022.

This exemption is to provide additional support to the relevant businesses to improve and be ready to welcome national and international tourists after Cambodia is fully reopened to foreign vaccinated tourists.

The information was announced by HE Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, during the launching ceremony of the “Strategies Framework and Program for Economic Recovery in the Context of Living with COVID-19 in a New Normal 2021-2023” on 22 December 2021.

“The Royal Government will continue to provide tax exemption, as set out in the previous 10 rounds of intervention measures, until the first semester of 2022 to operators in the tourism and aviation sectors affected by the Covid-19 crisis to provide additional support to those,” said HE Aun Pornmoniroth.

Besides, the Ministry of Economy and Finance also plans to provide additional financing packages to tourism and hotel operators so that they can use the capital to rehabilitate, renovate or expand their venues during the reopening period.

This financial assistance will be provided under a co-financing scheme with partnered financial institutions for hotels and restaurants in key areas. (Read more)

• Tourism and Travelling
• Covid-19