The Ministry of Economy and Finance has announced tax incentives for enterprises in the tourism sector in Siem Reap Province.
Under this new decision, eligible enterprises, including hotels, guesthouses, restaurants, and travel agencies operating in Siem Reap, will be exempt from paying all types of monthly taxes until the end of June 2025. However, these exemptions do not apply to Value-Added Tax (VAT) and accommodation tax.
Additionally, these enterprises will be exempt from paying annual income tax for the year 2024. Enterprises that have already paid their income tax will be granted a tax credit to offset their 2025 income tax obligations. These enterprises will also be exempt from audits for the fiscal year 2024.
The Ministry explained that the goal of providing these incentives is to aid the recovery of Siem Reap tourism sector.
However, the Ministry requires all medium and large taxpayers to submit monthly tax declarations electronically and file their annual income tax returns through the Tol E-filing platform.
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