Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 1 - Jan/Feb/Mar 2023
 

Measures to Mitigate Economic Impact of COVID-19 and Assist Recovery of Tourism Sector

On 30 January 2023, the Royal Government of Cambodia ("RCG") issued press release No. 01 ("Press Release 01") providing the following three key relief measures to mitigate the economic impact of COVID-19 and support the recovery of the tourism sector: 


  1. Exemption from Monthly Tax Payments: This exemption applied to hotels, guesthouses and travel agent companies that are registered with the General Department of Taxation and operate in the Siem Reap province. They were exempted from paying their monthly tax, except value added tax (VAT), for three months from January 2023 to March 2023.
  2. Freezing of Tax Liabilities and Non-Imposition of Penalties: The RCG will continue to freeze the tax liabilities for the tourism sector up to the end of 2019 and will not impose penalties in 2023.
  3. Skills Development Training for Staff: Taxpayers in the tourism sector are encouraged to offer skills development training to their staff.

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Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

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