Property Focus
Uncertainty Surrounds Implementation Timeline for 20% Capital Gains Tax in Cambodia
Cambodian Prime Minister, Samdech Hun Manet, has affirmed that the government has yet to establish a definitive timeline for the implementation or adjustment of the capital gains tax in 2024. This revelation, as conveyed by PM Hun Manet on 27 September 2023, has brought some respite for those monitoring this fiscal development. PM Hun Manet […]
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Cambodia Receives US$43m Boost from AIIB to Expand Cross-Border Animal Trade
The Cambodian government and the Asian Infrastructure Investment Bank (AIIB) have solidified their commitment to fostering cross-border animal trade and elevating the animal value chain infrastructure in Cambodia. This strategic partnership is marked by a co-financing agreement worth US$43 million, aimed at catalysing sustainable growth and development. The agreement was formally inked during the 8th […]
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GGear Unveils LG Electronics’ Cutting-Edge Products Redefining Cambodia’s Tech Landscape
In a resounding testament to Cambodia’s ever-evolving tech landscape, GGear Group has unveiled LG Electronics’ 2023 and 2024 product lineup. These innovative designs and cutting-edge technologies were showcased during an event aimed at business partners hailing from the areas surrounding Phnom Penh. The LG products introduced to the Cambodian market this year place a robust […]
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Cambodian Gov’t Extends Property Tax Relief: Fines & Penalties Waived Until End of 2023
In a proactive measure to support property owners facing tax-related challenges, the Ministry of Economy and Finance has taken a decisive step. They have announced the waiver of administrative sanctions, which include additional taxes and interest, on property taxes and unused land taxes. This vital decision applies to all those who have not yet registered […]
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Kratie Provincial Authorities Issue Warning Against Unauthorised Land Encroachment
Kratie provincial authorities have issued a stern warning to residents who have encroached upon Tuol Takin security land in Bos Leav commune, Chit Borei district. The warning comes with a deadline of the end of September, after which legal action will be pursued against those in violation, according to an official announcement by the provincial […]
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Gov’t Extends Property Tax Payment Deadline to 31 October to Boost Compliance
The General Department of Taxation has announced an extension of the property tax payment deadline for 2023. Originally set for 30 September 2023, property owners will now have until 31 October 2023, to fulfil their tax declarations without incurring administrative penalties for late submission. The official announcement, made on 26 September 2023, reflects the government’s […]
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Booyoung Group Generously Grants 25 Tourist Buses to Kampong Speu Provincial Administration
In a heartwarming gesture, Booyoung Group has contributed 25 state-of-the-art tourist passenger buses (each with 20 seats) to the Kampong Speu Provincial Administration. The announcement, made by HE Vy Samnang, Governor of Kampong Speu Province, on 25 September 2023, marks a significant step in strengthening transportation facilities in the province. This altruistic endeavour is part […]
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Cambodia Sets the Stage for Japanese Investment with New Special Economic Zones
In a significant move to bolster economic ties and foster Japanese investment in Cambodia, the Ministry of Land Management, Urban Planning, and Construction is gearing up to designate prime land parcels for the establishment of special economic zones (SEZs) tailored to the needs of Japanese investors. This development comes on the heels of a pivotal […]
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Experts Share Cambodia’s Real Estate Market Recovery Path
Amidst a challenging global economic landscape, the Cambodian real estate market has weathered a prolonged downturn since 2019, leaving industry stakeholders pondering when and how recovery will take place. Key experts have weighed in on the factors influencing this recovery and the direction developers and buyers should steer towards in these uncertain times. Balancing the […]
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Chinese Firm Eyes Over 300 Hectares for Chemical Fertiliser & Pesticide Production in Cambodia
A prominent Chinese investment company based in Anhui province is seeking to acquire more than 300 hectares of land to establish chemical fertiliser and pesticide production facilities. This initiative follows a productive meeting held on 19 September 2023, between HE Chea Vuthy, Secretary General of the Cambodian Investment Commission, and a delegation from the Chinese […]
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