Laws and Regulation
Tax Relief on One-time Payment for Stamp Duty Continues
The General Department of Taxation (GDT) has decided to continue granting tax relief for the one-time payment on stamp duty for property ownership transfer, according to online media DAP NEWS.
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Government Issues Measures to Strengthen Management of State Land
In order to more effectively manage state land, the Ministry of Land Management Urban Planning and Construction (MLMUPC) has issued a letter requesting cooperation from capital
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Four Draft prakas on Construction Safety Soon to Be Finalised
To promote and ensure work safety for the construction sector, the Ministry of Labour and Vocational Training (MLVT) is now drafting four Prakas which will be finalised soon.
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Strict Measures Set for Land and Construction Sectors in 2019
The Ministry of Land Management Urban Planning and Construction (MLMUPC) has laid down strict measures for 2019 for the land and construction sectors, according to a press release dated 24 December, 2018. The 3-page press release regarding the working results in 2018 and working plans for 2019 highlights 22 important points of the ministry’s achievement as well as future measures.
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PM Hun Sen: Cambodia Pushing for Minimum Wage for Construction Workers
The Royal Government of Cambodia is pushing for a minimum wage for construction workers, according to Prime Minister Samdech Techo Hun Sen. In a meeting with garment workers in Kampong Speu Province on 12 December 2018, SamdechTecho Hun Sen said that Cambodia will expand its minimum wage measure to other sectors, including the construction sector to reduce the problem of worker migration.
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Land Minister Sets Out Three Proposals to Promote Construction Standards
In a bid to promote construction standards and to avoid conflicts, Deputy Prime Minister and Minister of the Ministry of Land Management Urban Planning and Construction (MLMUPC) H.E Chea Sophara recently set out three proposals. The statement was made during the opening of the Cambodia Construction Industry Exhibition on November 29, 2018, which was organised by the Cambodia Constructors Associations (CCA).
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Home Loan Regulations Toughen in Thailand
In an effort to reduce speculation in the residential property market, Thailand’s central bank announced new rules at the start of October that will toughen mortgage lending requirements.
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Tax on Real Estate of Cambodia
Cambodia has seen tremendous growth in the real estate sector, both in residential and commercial developments.
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Insurance Gaining in Importance in Cambodia’s Construction Sector
With the rapidly increasing construction activities across the country, the insurance market is gaining in importance and relevance. On 01 November, 2018, EuroCham hosted a breakfast talk on ‘Construction Insurance Policies in Cambodia’ that provided detailed information on the importance of having insurance for construction projects.
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GDT to Apply New Land Price Rates Across the Country
The General Department of Taxation will apply new land price rates across Cambodia shortly, according to H.E Kong Vibol, Delegate of the Royal Government in charge as Director General of the General Department of Taxation.
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