Ground broken on 32-storey Tax Tower in Chroy Changvar Satellite City

• 20 September 2019
• Local News
• 11030 Views

The General Department of Taxation (GDT) broke ground on 19 September on its new 32-story tax building in Chroy Changvar Satellite City which will be a new landmark in Phnom Penh.

Construction began after the GDT purchased the land from the Overseas Cambodian Investment Corporation (OCIC) to build the US$60 million building. (Read more)

According to a GDT press release, the ‘Tax Tower’ will span a total construction area of 97,700 square metres and will become a one-stop tax service centre. The building will have around 1,300 parking spaces for civil servants, meeting participants and the general public.

The ‘Tax Tower’ will be constructed in accordance to international standards and has been designed by Singapore firm Aedas with Oliver & Ho Association providing technical advisory on project management. Shanghai Construction Group will complete construction within 24 months.

In addition, the building is in line with the long-term vision of Samdech Techo Hun Sen, Prime Minister of Cambodia, of ‘use palm leaf to pack palm sugar’ which means to construct to meet demand and getting return on investment.

The investment in the ‘Tax Tower’ answers the GDT’s needs while also getting return on investment via renting office and commercial space. The money will be used to pay for the building costs such as the maintenance without the need for funds from the government.

The new GDT tower will provide tax services for taxpayers and will have shopping malls, partner banks providing tax services and paying tax and other enterprises such as accounting services and consulting, and tax services agents.

Feature photo by the General Department of Taxation (GDT)

• Projects Development