The Royal Government of Cambodia (RGC) has decided to continue to exempt all types of monthly taxes, except VAT, for tourism-related businesses such as hotels, guesthouses, and travel agencies which have registered with the General Department of Taxation and have business activities in Siem Reap province.

The exemption will be extended for three more months, from January to March 2023, according to the RGC's new directive issued early this week.

This additional measure was taken in order to continue managing the impact and supporting the country's tourism recovery in the current global economic uncertainty, the source explained.

In fact, it stated, the Cambodian economy has been recovering in almost all sectors, including garments, non-garment manufacturing, and services. At the same time, business activities in many tourist destinations, including Phnom Penh's capital, coastal provinces, and some other provinces, have increased significantly thanks to the sharp rise in national tourists, business people, and investors.

However, the growth of international tourists may continue to slow down in the short to medium term due to the uncertainty of the global economic situation, which continues to put pressure on the tourism sector in some destinations that always depends on international tourists, the directive added.

Related article: Over 1 million tourists travel during Chinese new year celebrations

PHNOM PENH: More than 1 million national and international tourists were recorded across the country during the Chinese New Year celebrations – from Jan. 21 to 24, said the Ministry of Tourism in a report released today.

Among the registered visitors, it added, 1,007,166 were national tourists and 42,056 others were foreign visitors. The most visited destination during the Chinese New Year is Preah Sihanouk coastal province, followed by the provinces of Siem Reap, Battambang, Kampot, Pailin, Kampong Cham, and Kep.

Full read: https://estatedia.com/economy/6812