Laws and Regulation
Why Should Couples Register a Marital Property Agreement?
In Cambodia, married couples frequently face asset division disputes when divorce occurs, which in most cases are real estate assets such as houses or land. The reason is that most of the couples here in Cambodia do not have a formal marital property agreement or also known as a Registration of a Spouse Property Contract. […]
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Gov’t Issues Three New Sub-Decrees to Strengthen Cambodia’s Construction Sector
The Cambodian government has recently issued three new sub-decrees to help strengthen the quality of construction in Cambodia and ensure safety for constructors and general users. The first is sub-decree No. 224 RNKR.BK regarding construction permits dated 30 December 2020, repealing the previous one issued on 19 December 1997. This regulation focus on the competent […]
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Government Voids 30-hectare Boeung Ta Mok Land Allocation from 2020
The Cambodian government has voided the 30-hectare Boeung Ta Mok land allocation, which last year was given to the Ministry of Rural Development and three other state institutions to build their headquarters. In the meantime, the government has also ordered the relocation of some ministries and government offices’ headquarters as well. According to the Office […]
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Over 680 hectares of Boeung Ta Mok Allocated to Public and Private Sectors in 2020
In 2020 alone, the government has allocated Boeung Ta Mok land to the public and private sectors at least nine times or equal to over 682 hectares, according to documents obtained by Construction & Property Magazine as follows: Early March 2020: 83 hectares of Beoung Ta Mok was granted to Phnom Penh Municipality to be […]
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What is Required for Valid Surveying and Mapping?
Surveying and mapping are very crucial and sensitive work which requires a lot of skill and experience. Different authorities have expertise in various areas of work. For example, border surveying is under the National Authority’s task in Charge of Border Affairs (NACBA). Any surveying or thematic mapping [1] works must be done based on the […]
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Real Estate Association Pushes for Stimulus in Indonesia
A leading Indonesian industry association is pressuring the government to provide increased stimulus to the real estate sector in the face of the COVID-19 pandemic, arguing that the current plans do not go far enough. According to The Jakarta Post on 06 October, Real Estate Indonesia (REI) has requested the government to offer additional stimulus, […]
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Gov’t Continues Tourism-Related Business Tax Exemption for Further Three Months
The government has decided to continue the tax exemption for tourism-related businesses including hotels, guesthouses, restaurants and travel agencies for another three months, to help the tourism sector during the pandemic. According to an official announcement released on 23 December, the exemption applies only for businesses in Phnom Penh, Siem Reap, Sihanoukville, Kampot, Bavet and […]
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Stamp Duty Tax Exemption Extended to December 2021
The government has decided to extend the stamp duty tax exemption deadline for property worth less than US$70,000 from January to December 2021. According to the official announcement released on 23 December, the government also urged developers to provide more discounts to buyers, with the aim to boost the economy through more property transactions. The […]
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GDT to Launch Property Tax Application Soon
The General Department of Taxation (GDT) plans to launch a property tax application in 2021 to ease tax payment and help maintain social distance during the pandemic. According to GDT Director-General HE Kong Vibol during a live show reporting GDT’s work progress on 17 December, the application is almost ready, but GDT officials have to […]
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Gov’t to Strengthen Household Electrical Security via Four New IEC standards
The Ministry of Industry, Science, Technology and Innovation (MISTI) has adopted four International Electrotechnical Commission (IEC) standards to strengthen household electrical security in Cambodia. MISTI announced this new standard acceptance during the 23rd video call meeting of the National Standards Council (NSC) on 18 December. MISTI Minister HE Cham Prasidh said that these new standards […]
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