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Four-month tax break for hotels and guesthouses in Siem Reap

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Prime Minister Hun Sen announced yesterday that all registered hotels and guesthouses in Siem Reap will be exempt of all taxes from February until May this year.

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The measurement is to facilitate businesses that are losing visitors because of the Novel Coronavirus, also known as Covid-19, which has seriously damageded the tourism sector in Siem Reap. During a special message regarding the latest situation at the Peace Palace in Phnom Penh yesterday, Mr Hun Sen said that Covid-19 is another challenge among the existing problems facing the world, including the trade war and global economic slowdown.

 

He said that the impact of Covid-19 has come faster than expected and has caused a serious effect on the economy in Asia, pushing some countries into crisis. “Like other countries, Covid-19 has also affected some important sectors of Cambodia. Two sectors that have been seriously affected is  first the tourism sector because tourists are afraid of travelling and also face some flight cancellations. Second is the garment sector which is now lacking raw materials for processing,” the prime minister said.

 

read more https://www.khmertimeskh.com/50694704/four-month-tax-break-for-hotels-and-guesthouses-in-siem-reap

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