WBID is to the building of robust operational & financial incentives for our SME Cluster Investors and Tenants. In addition to QIP and SME Tax incentives offered by the Royal Government of Cambodia, we will continuously seek to position our SME Cluster Tenants as exclusive beneficiaries of future social, environmental and economic policies and initiatives. Our goal is to ensure that our Tenants are able to establish and operate their businesses at the lowest costs and in the most profitable environments possible. WBID will provide updates to its Tenants regularly.
- For SMEs (including foreign SMEs), special Tax Incentives under Sub Decree 124 (2019) will be applicable to all qualified enterprises in WBID SME Clusters including the following priority activities:
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- Agro-processing & manufacture of agro-based consumer products;
- Manufacture of consumable goods, waste recycling and goods for the tourism sector;
- Manufacturing of finished products, spare parts or assemblies for other manufacturers;
- R&D associated with IT or the supply of IT-based services;
- Current Incentives available to SMEs in WBID Clusters include:
- Exemption from Tax on Income for five (5) years for newly registered enterprises or from the date of tax registration update for existing enterprises, that meet one of the following criteria:
- The enterprise uses at least 60% local raw materials,
- Or the enterprise increases its number of employees by 20%,
- Or the enterprise is located in the SME Cluster zone.
- Exemption from the monthly 1% pre-payment of Tax on Income and Annual Minimum Tax during the Tax on Income exemption period;
- SME Incentives for deductible expenditures include:
- 200% weighted tax-deduction for IT-based accounting software use and staff training;
- 150% weighted tax-deduction for equipment or new technology that increases productivity.
- Exemption from Tax on Income for five (5) years for newly registered enterprises or from the date of tax registration update for existing enterprises, that meet one of the following criteria:
- For qualified SMEs (including foreign enterprises), Customs Duties Exemptions under Sub Decree 50 (2019) on imported production equipt., construction materials and production inputs will be applicable to all qualified businesses in WBID Clusters. These exemptions include SMEs in:
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- Export oriented enterprises
- Supporting industry for export-oriented enterprises
- Domestic seller
- Enterprise engaged in research and development relating to information technology
- SME operating in industry zones.