Stamp Tax Basis for Property Title Transfer Launched
AKP Phnom Penh, July 01, 2019 —
Ministry of Economy and Finance begins the implementation of stamp tax basis for transferring of property title ownership from this July 1 onward.
Along with this new approach, the Royal Government of Cambodia has updated the division of geographic pricing of properties for the new stamp tax basis.
The update means to align with the country’s current development of real estate industry.
The reform of property taxation will play a crucial role in reducing level of bias on tax amount as well as to ensure equality tax payment.
By Lim Nary