GDT to Launch New Real Estate ID Management System: No Tax, No Title Transfer

• 7 March 2022
• Local News
• 5267 Views

The General Department of Taxation (GDT) will soon launch a new real estate ID management system for boreys and housing developers to register and pay real estate tax.

The remark was made by HE Kong Vibol, Director General of the General Department of Taxation, in a seminar on annual income tax obligations held on March 3.

“With this new system, if developers do not pay taxes and do not have Tax QR codes, it means that property ownership transfer processes cannot be made,” said HE Kong Vibol.

This new system is expected to begin operation in April or May 2022, as the General Department of Taxation is currently developing the application, explained the DG.

Through the system, each house will have a QR code which will have a tax ID. If any properties do not have a QR code or Tax ID, it means that the developers have not paid tax and title deeds cannot be transferred.