GDT to Send Property Tax Bills to Taxpayers’ Homes Annually to Encourage On-Time Payment
The General Department of Taxation (GDT) is planning to issue annual property tax invoices, just like water and electricity bills, and send them to taxpayers’ homes, to increase the efficiency of property tax collection. The remarks were made by HE Kong Vibol, GDT Director-General on 26 April 2022. “We are advising the units under GDT […]
Tax Obligations for Condos Under Construction
During the COVID-19 pandemic crisis, construction on many condo projects was delayed or suspended. Are these under-construction condo projects subject to property tax? According to officials from the General Department of Taxation (GDT) during the Q&A Facebook live session on 21 April, whether or not the condo project is subject to tax depends on two […]
GDT: Register Unused Land Before End of 2023 to Get Three Tax Incentives
The General Department of Taxation (GDT) has called on owners of unused land to register their tax obligations before 2023 to get tax incentives. Tax officials said in the online seminar on 21 April that owners who hold soft titles will get three incentives when coming to register their property for the first time. First, […]
Revenue From Stamp Duty Tax in Q1 at US$55.7 million, Up By 35% Y-o-Y
Revenue from stamp duty tax on property transfers was recorded at approximately US$55.7 million in Q1 of 2022, an increase of 35% compared to the same period last year. The figure was presented at a monthly meeting chaired by HE Kong Vibol, Director General of the General Department of Taxation (GDT), on 19 April. During […]
Stamp Duty Tax on Real Estate Collection in February Increases 17% Y-o-Y Increase
The stamp duty on real estate collected in February 2022 was recorded at approximately US$15.5 million, an increase of 16.98% year-on-year, according to the General Department of Taxation (GDT) statistics. The duty on real estate transfer is one of five different major taxes which continue to grow significantly for February 2022 compared to the same […]
GDT Officially Postpones Capital Gains Tax Collection to 2024
The General Department of Taxation (GDT) has issued an official statement announcing the postpone of capital gains tax collection for another two years after receiving approval from PM Samdech Hun Sen earlier this year. The implementation of the capital gains tax will start on 1 January 2024, instead of 2022 to help boost economic growth […]