Cambodian Gov’t Extends and Expands Real Estate Tax Incentives Through 2025

• 6 November 2024
• Local News
• 537 Views

The Cambodian government has extended and increased tax incentives for property developers and owners until the end of 2025, aiming to ease financial burdens on housing developers and enhance the country’s property market.

Announced by PM Hun Manet on 4 November 2024, these extended tax incentives are designed to encourage ongoing investment and growth in Cambodia’s real estate sector, promoting sustainable development and economic growth in the nation.

The PM emphasised on his official Facebook page that the tax relief package is structured to support housing developers, investors, and property owners, contributing to the robust growth of the real estate sector and bolstering the Cambodian economy.

The President of the Cambodian Housing Developers Association expressed gratitude to the government for this initiative, highlighting that these tax incentives would directly support local housing developers and property owners, encouraging further partnerships and investments with the Royal Government.

In line with this initiative, the Ministry of Economy and Finance has also announced an extension of the stamp duty exemption on property transfers for all Borey-category housing valued at USD 70,000 or less. This stamp duty exemption, effective immediately, is now extended through to the end of 2025, reducing transactional costs for buyers and encouraging broader participation in the housing market. (Read more)

• Policy and Strategy