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 developed as a national garden and public park. The first 8-hectare secti...

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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 basic surveying data or basic maps, such as those from...

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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, such as mortgage payment deferrals for both hom...

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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 Poipet, ...

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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 first announcement of tax exemption w...

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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 go through training first before launching the app. “…P...

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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 standa...

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Land Use Index Explained: What to do if your construction exceeds the land use index limit?

Before developing any property on land, one must ask for a permit from the relevant authority. What if, by accident, you exceed the land use index limit while developing? What should you do? What is the land use index? The land use index is a coefficient that determines the feasibility of land use, development, conservation, and construction. Before starting any construction on any land plot...

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Buildable Land Vs Restricted Buildable Land

To ease urban planning, the Cambodian Government has divided the types of land for different usage. In the previous article, Construction & Property Magazine has explained the definition of land development and the 12 forms of land development that require a land development permit from the competent authorities (Read more). This article will focus on the different types of lands base on th...

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Let’s Find Out! EP51: Everything You Need to Know About Capital Gains Tax

<div class="youtube"> https://www.youtube.com/watch?v=GwEB2P3I3pI&t=2s </div> In October, the General Department of Taxation decided to postpone the collection of capital gains tax from the beginning of 2021 to the beginning of 2022, aiming at giving taxpayers more time to understand the tax implementation procedure. What are the key points that taxpayers should be aware of?...

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