Stamp Duty Tax Exemption for Property Worth Under US$70,000 Extended Beyond 2021

• 14 December 2021
• Local News
• 2355 Views

The stamp duty tax exemption for houses and condos worth equal to or under US$70,000 will be continued beyond 2021, as part of the government’s measures to boost economic recovery from the COVID-19 pandemic.

The announcement was made by HE Phan Phalla, Secretary of State of the Ministry of Economy and Finance, in a press conference on the economic recovery strategy on 14 December 14 at the Government Spokesperson’s Unit.

HE Phan Phalla said that the stamp duty exemption for houses or condos with a value of less than or equal to US$70,000 would be extended, but he did not specify the duration.

The exemption was first announced in February 2020 by PM Samdech Hun Sen with a one year period, then was extended once to December 2021, and is now extended again. (Read more and more)

• Laws and Regulation