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ខ្មែរ Property Focus
SME Bank Provides Over US$53m in Loans to 230 Enterprises in 2022
- 7 February 2023
In 2022, the Small and Medium Enterprise Bank of Cambodia (SME Bank) provided a total of US$53 million loan to 230 small and medium enterprises, according to the official report recently. According to the report, the first and second phases of the SME support project, which was successfully completed, provided support to a total of 2,745 enterprises with a total budget of US$340 million. S...
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Kampong Cham Authority Registers Over 710,000 Land Titles
- 4 February 2023
As of 2022, Kampong Cham provincial authorities have achieved systematic land registration of 713,500 plots, equivalent to 77% of the total targeted plan, according to Governor HE Un Chanda on 3 February. There are a total 924,421 plots of the land needed to be registered in the province or equivalent to 274,307 families. In principle, the land registration plan in the province must be com...
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463 Factories Operate in Six Districts in Kampong Cham
- 3 February 2023
Kampong Cham province has attracted investors to invest in many development projects. 463 projects and factories are operating in six cities in districts in Kampong Cham province. In a press conference on 3 February, Kampong Cham Governor HE Un Chanda said that in the labour field, there are a total of 463 enterprises and factories in Kampong Cham, which employed a total of 44,635 workers, inc...
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Gov’t Hands Over Residential Titles With Tax Exemption To Over 1,200 families From Borei Keila
- 3 February 2023
The government has handed over ownership titles for more than 1,200 families living in the Borey Keila complex, along with tax exemptions. Phnom Penh Governor HE Khuong Sreng said on 3 February that the decision was made by Prime Minister Samdech Hun Sen with the aim to reorganise the city and give proper residences to citizens. There are a total of 1,392 private units in the eight Borei K...
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Gov’t urges real estate businesses to submit report on time
- 2 February 2023
The Real Estate and Pawnshop Business Regulator (REPBR) has recently reminded all real estate developers, real estate service providers and pawning businesses to submit regular and accurate reports; otherwise will face fines. These businesses must report directly to REBPR located at the UN building. No. 168F (7th floor), Street 598, Sangkat Chrang Chamnan 1, Khan Russey Keo, Phnom Penh, every w...
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PM: Cambodia Breaks Record of High Tax Collection in 2022
- 2 February 2023
Cambodia Prime Minister Samdech Hun Sen has praised the General Department of Taxation (GDT) for the successful tax revenue collection in the past year, which has broken the record of the highest tax collection. The GDT collected tax income exceeding the target plan, reaching the highest surplus of all time, Samdech Hun Sen said. The 2, 574, 07 billion Riels (approximately US$635.57 millio...
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Stamp Duty Revenue in 2022 Increases 12.7% Y-o-Y
- 1 February 2023
In 2022, stamp duty revenue from real estate ownership transfers collected by the General Department of Taxation (GDT) increased by 12.7% compared to 2021, according to a GDT press release on 31 January. In 2022, GDT collected a total of US$3.4 billion, equivalent to 122.54% of the financial law plan for the management of 2022, a 23.96% y-o-y increase. In 2022, other tax revenue also maint...
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48 companies investing in 200k ha of concessional land in Kratie
- 31 January 2023
Kratie province has currently 48 companies investing in 198,970 hectares of economic land concessions, while more than 10 companies and enterprises are operating and planning to set up new factories in the province, according to Kratie Governor HE Va Thorn on 31 January. He said 86,374 hectares of land in Kratie is used forrubber plantation, 73,989 hectares for cassava, 64,917 hectares for cash...
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Tax Exemption for Tourism & Hotel Business in Siem Reap Continues for Three More Months
- 31 January 2023
The government has decided to extend the tax exemption for tourism and hotel businesses in Siem Reap for another three months from January to March 2023, according to an official press release on 30 January. The exemption includes all types of monthly taxes, except value-added tax, for hotels, guesthouses and travel agencies registered with the General Department of Taxation and doing business...
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Telecom Ministry: Phone Carrier Service in Boreys Improves Significantly Following New Rules
- 30 January 2023
After the Ministry of Posts and Telecommunications set out new regulations and closely monitored internet and phone carrier service providers, the quality of the signal and service for both sectors has improved significantly. Minister of Posts and Telecommunications HE Chea Vandeth said that after the action was taken, the service has been improved by 70%. HE Chea Vandeth assigned eight w...
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