Tourists on Siem Reap’s Pub Street during the Lunar New Year on February 10. tourism Ministry
tourism industry insiders consider the “Tax Incentives for tourism Enterprises” prakas as an important government effort to help business owners in major tourism areas revive and expand their investments, thereby rejuvenating the sector.
The Ministry of Economy and Finance’s prakas No 119, authorised by minister Aun Pornmoniroth on February 8, targets registered enterprises such as hotels, guesthouses, restaurants and travel agencies operating in Phnom Penh and the provinces of Siem Reap, Preah Sihanouk, Kep and Kampot.
The benefits include monthly tax exclusions and exemption from 2023 annual income tax, as well as considerations regarding tax liabilities and audits, although the benefits vary between the targeted locations.
Thuon Sinan, chairman of the Pacific Asia Travel Association (PATA) Cambodia chapter, told The Post on February 20 that the government’s special…
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