Tourism sector hopeful tax breaks will be extended again

Government tax exemption status for restaurants and hotels is set to expire on Sept 30 with the authorities undecided as of yet  about whether they will be extended again following the granting of  nine previous rounds of amnesty.

The restaurant industry contributed to some 19 percent of gross domestic product growth in 2019.

Revenue fell by 50 percent in 2020 and Cambodia Restaurant Association (CRA) President Arnaud Darc said at a forum yesterday that 2021 is not looking better, with the industry already experiencing a 60 percent drop since last year.

“We estimate that the share of consumers dining at sit-down restaurants has declined 85 percent since the pandemic began,” Darc said during an online webinar on Cambodia Restaurant Tax.

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