Cambodia Extends Incentives to Support Private Sector and Economy

On September 30, 2020, Cambodia’s government issued its sixth round of incentives aimed at supporting private sector workers and the economy.

The latest incentives are an extension of existing ones, in particular those providing financial support for the country’s garment, textile, and footwear industries. The government has also extended the payment of Minimum Tax for the aviation industry in addition to the payment of aviation fees by airlines.

Cambodia’s textile and garment industry plays a key role in the economy, contributing to 80 percent of the country’s total exports and 16 percent of total GDP. The tourism sector contributes to 12 percent of GDP.

In full: https://www.aseanbriefing.com/news/cambodia-extends-incentives-to-support-private-sector-and-economy/

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