COVID-19: Cambodia offers three-month tax breaks to aviation companies
The Cambodian government on March 31 decided to give tax breaks for three months from March to May this year to aviation companies to help offset losses caused by COVID-19.
People in Phnom Penh, Cambodia, wear face masks to prevent the spread of COVI-19 (Source: AFP)
Hanoi (VNA) - The Cambodian government on March 31 decided to give tax breaksfor three months from March to May this year to aviation companies to help offset losses caused by COVID-19.
Thegovernment also granted a three-month tax holiday from March to May forhotels, guesthouses, restaurants and tour companies in Phnom Penh, Siem Reap,Preah Sihanouk, Kep and Kampot provinces, as well as in Bavet and Poipet cities.
It will also help pay 20 percent of the 190-USD monthly minimumwage to workers and employees if factories, hotels, guesthouses, restaurants,and tour companies they work with are temporarily closed due to the pandemic.
Thegovernment called on landlords to neither terminate lease contracts nor forcerenters out of their home if they could not afford to pay the rent on time.
Cambodia has so far recorded a total of 109confirmed cases of COVID-19, including 23 recovered, according to the country’sMinistry of Health./.
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.