19 Oct 2018
CAMBODIA: Designated SMEs Set for Three-Year Tax Holiday
SMEs active in certain business sectors – including agro-processing, food processing, manufacturing of local inputs and the assembly of IT products – are now eligible for 100% exemption from corporate income tax for a period of up to three years. In addition, any company operating in one of the country’s dedicated SME industrial parks will enjoy the same entitlement regardless of the nature of their business.
In a further move, SMEs that source at least 60% of their inputs locally or expand their workforce by at least 20% over the initial three-year exemption period will be free of any corporate income tax burden for an additional two years.