Laws and Regulation
Land Use Index Explained: What to do if your construction exceeds the land use index limit?
Before developing any property on land, one must ask for a permit from the relevant authority. What if, by accident, you exceed the land use index limit while developing? What should you do? What is the land use index? The land use index is a coefficient that determines the feasibility of land use, development, conservation, […]
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Buildable Land Vs Restricted Buildable Land
To ease urban planning, the Cambodian Government has divided the types of land for different usage. In the previous article, Construction & Property Magazine has explained the definition of land development and the 12 forms of land development that require a land development permit from the competent authorities (Read more). This article will focus on […]
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Let’s Find Out! EP51: Everything You Need to Know About Capital Gains Tax
In October, the General Department of Taxation decided to postpone the collection of capital gains tax from the beginning of 2021 to the beginning of 2022, aiming at giving taxpayers more time to understand the tax implementation procedure. What are the key points that taxpayers should be aware of?
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Government Issues Three Emergency Measures to Prevent 2nd Wave of COVID-19
The government and relevant ministries enforced three major emergency measures on 08 November, including the temporary closure of entertainment venues, the suspension of educational institutions and a ban on gatherings at the Olympic Stadium to prevent the spread of COVID-19. The closure of entertainment venues includes KTVs, entertainment clubs, cinemas and museums across the country […]
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What are the Procedures to Register Private Units in Co-owned Buildings?
The term ‘co-owned building’ refers to a building or construction in which many co-owners live together, such as condominiums, attached houses, detached buildings, semi-detached buildings, and other kinds of buildings with a shared structure. Given the multiple owners, the procedure for registering ownership is also different from normal property registration. What are the procedures to […]
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Let’s Find Out! EP50: What types of construction require a fire prevention and extinguishing system?
According to the Fire Department, there were 429 fire incidents in Cambodia in the first six months of 2020, an increase of 78 cases compared to the same period in 2018. In response, the government has thus far enforced a number of laws and regulations to control, prevent and address this issue, especially for risky buildings.
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302 hectares of Land in Takhmao to be Integrated into Phnom Penh
Over 300 hectares of land in Takhmao town of Kandal province will be integrated into Dangkor district of Phnom Penh, to address the land impact and facilitate the implementation of the Boeung Tumpun and Boeung Choeung Ek satellite cities, according to the Notice No. 914, dated October 19. The Five villages of Takhmao town includes […]
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Infrastructure Development Sector Receives Third Largest National Budget Allocations
The Cambodian government has approved US$8.1 billion for 2021 public expenditure in 2021, of which infrastructure development sector received the third largest. According to outcome statement of the meeting chaired by Prime Minister Hun Sen, the Ministry of Public Works and Transport (MPWT) is at the top three receiving the most budget after the Ministry […]
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GDT Postpones Capital Gains Tax Collection to 2022
The General Department of Taxation (GDT) has decided to postpone the start of capital gains tax collection from 01 January 2021 to 01 January 2022 to give more time for taxpayers to learn and adjust, according to a GDT announcement on October 22. The decision was made based on a letter from the Ministry of […]
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Let’s Find Out! EP48: To What Extent Can Foreigners Acquire Ownership of Co-owned Property?
To facilitate the business environment and foreign investment in Cambodia, especially in the construction and real estate sectors, the Cambodian government has established a law regarding foreign ownership of co-owned buildings. To what extent can foreigners acquire ownership of co-owned buildings?
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