Laws and Regulation
Let’s Find Out! EP 42: What Type of Land Developments Must be Approved by the Competent Authorities?
Land is a type of immovable property that has great potential in the real estate business in Cambodia. There are many forms of land development and each of them is controlled by different laws and regulations. What type of land developments must be approved by the competent authorities?
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GDT to Initiate Capital Gains Tax Collection from January 2021
The General Department of Taxation (GDT) of the Ministry of Economy and Finance will collect tax on capital gains from 01 January 2021, after delaying implementation since July 2020. According to the Prakas of the Ministry of Economy and Finance, capital gains refers to taxable income from the sale or transfer of capital deducted with […]
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New Law Allows More Foreign Workers Amid High Labour Demand in Construction Sector
Photo: the print.in The Ministry of Labour and Vocational Training announced in a Prakas that companies are now allowed to employ more foreign workers if they cannot find enough local staff, amid a high demand for labour in the construction sector. According to the Prakas published on 14 August 2020, companies are now permitted to […]
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Let’s Find Out! EP 41: Types of license or permit for real estate business in Cambodia
All development business for condominiums, land lots, office buildings, malls and residences for the purpose of selling or leasing long-term must be licensed by the Ministry or permitted by the Provincial-Municipal Department. How many types of license or permit for real estate business are there in Cambodia?
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How to avoid disputes in property sale and purchase transaction
The real estate sector in Cambodia is growing steadily. The Cambodian government has thus far closely monitored and issued regulations to ensure that all types of land transactions being done legally. Despite the government’s attempt, there are still some loopholes which leads to disputes while making sale and purchase transaction of the property. Therefore, to […]
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Tax on Unused Land in Cambodia
In Cambodia, some properties are taxable, while others are not. Among them, unused land is considered taxable, although tax payments on properties are not, all the same, depending on the type, size, and location of the property. For instance, the tax base of unused land is not the same as the tax base of immovable […]
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Government Leases Land in Botum Sakor National Park to Royal Group
The Cambodian government issued sub-decree on 06 August leasing 168.8 hectares of land in Botum Sakor National Park in Koh Kong province to the Royal Group for the development of a 700-megawatt coal-fired power plant project. Located in Thmor Sar and Chamlong Kor villages, Botum Sakor district, the land has been granted to the Royal […]
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What Type of Land Developments Must be Approved by the Competent Authorities?
The land is a type of immovable property that has great potential in the real estate business and many services in Cambodia, especially in the metropolitan and development areas which have recently been booming. Land development is defined as an activity of land organisation by changing the type of land use, changing land use functions, […]
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City Hall: All Unsafe Buildings Prohibited or to be Demolished as Necessary
Phnom Penh Governor H.E Khuong Sreng has urged all relevant authorities to ban, or demolish if necessary, for illegal and unsafe buildings and advised people to be more cautious about dilapidated buildings, according to the Ministry of Information. The governor made the statement during a meeting with related officers regarding construction inspections in Phnom Penh […]
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Let’s Find Out! EP 38: Immovable property and tax registration procedure in Cambodia
Immovable property registration is very important in managing, trading, and transferring property. How to officially register your property?
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