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Hotel and tour businesses in Myanmar get one-year exemption on licence fees

Myanmar hotel and tour businesses will be exempted from paying licence fees for a period of one year as the sector continues to struggle against the COVID-19 pandemic, the hotel ministry said on April 16.

The fees for applying for a new license or renewals, which include a hotel business fee, tour agencies fee, tour guide fee and hostel fee, will be exempted from April 1, 2020, until March 31, 2021, the statement from the Ministry of Hotel and Tourism said.

The sectors affected the most by COVID-19 are hotels and tourism, SMEs, and Cut-Make-Pack firms.

The government on March 29 also established a K100 billion fund from which loans at a one percent interest rate would be distributed to qualified firms in those sectors.

Source: https://www.mmtimes.com/news/hotel-and-tour-businesses-myanmar-get-one-year-exemption-licence-fees.html