Friday, March 24, 2023
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home Business

Cambodia extends 2 months more of tax exemptions for Cambodia tourism businesses

August 7, 2020
in Business, Cambodia, National
0
Cambodia extends 2 months more of tax exemptions for Cambodia tourism businesses
0
SHARES
31
VIEWS
Share on FacebookShare on Twitter

The Cambodian government has announced two months more of tax exemptions for tourism-based businesses in the hope of easing the burden during the pandemic.

The extension was announced during the fifth round of COVID-19 economic measures last week as the Ministry of Tourism begins developing a strategy to gradually increase international tourist arrivals.

The announcement includes all types of monthly tax exemptions for hotels, guesthouses, restaurants and travel agencies registered with the General Department of Taxation from August to September. The government will also extend the minimum tax exemption for another two months to registered aviation businesses.

According to the announcement, the government will continue to provide a monthly stipend of $40 a month for two more months to workers and staff in the tourism sector.

Chhay Sivlin, president of the Cambodia Association of Travel Agents (CATA), welcomed the government’s decision, saying that it would help ease the burden on COVID-19-affected businesses.

“These measures will help contribute to saving costs for business which have been affected by the ongoing pandemic,” Sivlin said. “Before we thought the crisis would end this year but now we cannot predict the economic situation.”

Sivlin said that while some tourism-related businesses remained closed, the exemption will at least help businesses that remain open.

The exemption is on monthly tax, including the tax on revenue, tax on salary, tax on branding and the national social security fund (NSSF).

However, according to the announcement, the exemption is only offered for businesses operating in Phnom Penh, Siem Reap, Sihanoukville, Kep, Kampot, Bavet town and Poipet city. Sivlin said this is because these provinces are the country’s most popular tourist destinations and provide mixed services.

“We see the Ministry of Tourism has been encouraging a local travel bubble that would help a part of the sector and secure some jobs,” she said.

She said Siem Reap is now the target of the tourism ministry and tourism association to promote the travel bubble.

“More people prefer to travel to their nearest destinations such as Kep and Kampot province so we are now doing a drive for Siem Reap and we hope people will help this hardest-hit area,” she said

Thong Khon, Minister of Tourism, met with the private sector last week to develop a strategy to gradually receive international tourists.

He said the Ministry of Tourism has already drafted guidelines on travel by origin called a “Travel Bubble” or “One-way Closed-loop Chartered Plane”.

According to Khon, more than 3,000 tourism-based businesses have closed and caused more than 50,000 job losses in the sector because there are no international visitors.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: CambodiaCambodia TourismCambodia tourism businessesKampotKepPhnom PenhSiem Reaptax exemptions for Cambodia
Previous Post

South China Sea: Avoid siding with US or China, Malaysia urges ASEAN

Next Post

Facebook, Twitter pull Trump posts over coronavirus misinformation

Related Posts

Nearly 10,000 national and international tourists flock to see Equinox at Angkor Wat Temple

Nearly 10,000 national and international tourists flock to see Equinox at Angkor Wat Temple

by Khmer Times
March 22, 2023
0
10

A total 8,726 national and international tourists this morning flocked to Angkor Wat Temple in Siem Reap provincial city to...

Cambodia’s 1st full flight simulator officially put into use under the Lanmei Aviation Group

Cambodia’s 1st full flight simulator officially put into use under the Lanmei Aviation Group

by Khmer Times
March 22, 2023
0
9

The International Aviation Flight Simulator Centre (IAFSC), which is the first full flight simulator in Cambodia, was officially put into...

Angkor Wat in Cambodia becomes favourite destination for Equinox tourism

Angkor Wat in Cambodia becomes favourite destination for Equinox tourism

by Khmer Times
March 21, 2023
0
4

A large number of international and domestic tourists visited the Angkor Wat Temple in Siem Reap province yesterday morning to...

Most Popular

Google suspends Chinese app Pinduoduo from Play store after malware is found

Google suspends Chinese app Pinduoduo from Play store after malware is found

March 22, 2023
31
Rebels in Indonesia’s Papua release New Zealand hostage video

Rebels in Indonesia’s Papua release New Zealand hostage video

March 12, 2023
20
Biden speaks with California governor about Silicon Valley Bank: White House

Biden speaks with California governor about Silicon Valley Bank: White House

March 12, 2023
19
Russia boosts defences near Japan, accuses US of expanding Asia-Pacific presence

Russia boosts defences near Japan, accuses US of expanding Asia-Pacific presence

March 24, 2023
19
Boris Johnson says he did not lie over Covid-19 lockdown parties

Boris Johnson says he did not lie over Covid-19 lockdown parties

March 24, 2023
18
World Athletics bans transgender women

World Athletics bans transgender women

March 24, 2023
18

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!