Cambodia Prepares Strategic Budget Plan 2025 to Weather Global Economic Headwinds
The Cambodian government is taking proactive measures to safeguard its economic stability in the face of a challenging global economic climate. On 13 May 2024, Circular No. 06. US was issued, outlining the development of a strategic budget plan for 2025-2027, alongside a draft law on financial management specifically for 2025. This initiative underscores the […]
The Gov’t Implements Measures to Enhance Sub-National Expenditure Efficiency by 2024
In a bid to streamline fiscal management at the sub-national level, the Cambodian Ministry of Economy and Finance (MEF) has issued a pivotal circular on May 7, 2024. The directive mandates prudent budgetary practices across all sub-national administrations, emphasizing the need to curb unnecessary local development initiatives. Under the circular’s provisions, Capital-Provincial administrations are instructed […]
A New Blueprint: CCA Unveiling of Cambodia’s Construction Regulations Sets Industry Standard
In a significant move for the construction industry, the Cambodia Constructors Association (CCA) led the way by hosting a workshop that unveiled new construction laws and regulations, setting a new standard for the sector’s future. This pivotal event, which took place on 22 April 2024 at the Olympia Hotel, saw the participation of over 100 […]
Thai Gov’t Raises Threshold for Reduced Transaction Fees on Property Priced up to US$80k to US$190k
The Thai government has unveiled a series of initiatives aimed at revitalizing the country’s real estate sector. Among these measures is the approval by the Thai cabinet to increase the minimum tax rate on home and condominium transactions to 7 million baht, approximately US$190k, as reported in a government statement released on Tuesday, 9th April […]
Within the Next Few Years, Cambodia Aims for Digitized Real Estate Registration in Just Two Hours
Thanks to the expertise of professional officials and technological advancements, in the next few years real estate registration in Cambodia, could soon be completed digitally within a mere two hours. This revolutionary move aims to streamline processes and boost efficiency in the country’s real estate sector. This groundbreaking vision was disclosed by HE Leang Monirith, […]
Penalty-Free Property Registration Deadline Announced
The General Department of Taxation has declared a grace period for owners of unregistered or outdated immovable properties, offering an exemption from administrative penalties, including surcharges and interest, provided they complete their registration or update their property information by the end of June 2024. This directive, issued in a press release on 25 April 2024, […]