Government eases tax burden for private universities

Khmer Times 02 September 2016

All private higher education institutions in Cambodia will only have to pay a 1% tax on their income till 2018, according to a prakas or regulation issued by the Ministry of Economy and Finance recently, to help shoulder the government’s financial burden for expanding access to university education, reports the Khmer Times.

The ministry, in a statement issued late last month, said private higher education institutions played an important role in helping provide opportunities for higher education and to absorb enrolment demand due to limited public university places. Because of this, the statement added, efforts needed to be made to give incentives to the sector and to ease the burden of parents sending their children to study in higher education institutions.

Prior to 1997, private higher education institutions were not allowed to operate in Cambodia. In 1997, Norton University was established and legalised as the first private university in Cambodia.
Full report on the Khmer Times site

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