Stamp Duty Tax on Real Estate Collection in February Increases 17% Y-o-Y Increase

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 period in 2021, the report added.

HE Kong Vibol, Director General of the General Department of Taxation, urged all tax officials to continue to pay attention to strengthening tax collection effectively.

In February 2022, the GDT collected a total tax of approximately US$223.96 million, an increase of 11.84% year-on-year.

Meanwhile, if combined January and February, the total tax collection is at US$512 million, a 22.69% increase compared to the same period in the previous year.

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