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On 7 June 2024, Ministry of Economy and Finance issued Instruction on tax relief for airline companies. The instruction lowers the withholding tax on aircraft leasing for domestic airline operators from 14% to 10%, and it reduces the special tax on air transportation services from 10% to 5% for both domestic and international airline operators. This initiative, endorsed by the Prime Minister, is designed to alleviate the tax burden on airlines leasing aircraft from foreign providers and to decrease air travel expenses for passengers. This policy will be in effect from June 1, 2024, until May 31, 2027.
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (ACAR Decision N0. 014), member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (license number C-00085) and tax agent from General Department of Taxation (license number TA202204002).
This Publication is intended for general guidance only and should not form the basic of specific decisions.
Should you need any further information or support, please contact us at: accounting@advancegroupkh.com (accounting), audit@advancegroupkh.com (audit), tax@advancegroupkh.com (tax) and number and telegram 085 36 8888 and 070 399 888.
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