By Vutha
PHNOM PENH, This year, the Royal government through the General Department of Taxation remains applying a “one-time registration tax policy” to all property ownership transferring or property possession and either unregistered (no title) or registered properties (title).
In the letter of agreement of Mr. Kong Vibol, Delegate of the Royal Government of Cambodia In-Charge as Director General of General Department of Taxation, Cambodia sent to Ministry of Economy and Finance on 18th January stated:”Many cases, we’ve seen the fact that last property buyers will cover the registration tax fee from all the previous ownership, thus Director Genenearl of General Department of Taxation made a request to Ministry of Economy and Finance, dated 4th Decmber 2018, letter no: 18602 .អពដ to extend the one-time registration tax policy which has been expired since 31st December 2018.
In the same letter, Ministry agreed and already sent a honor request to Samdech Techo Hun Sen by letter no: 136 សហវ.អពដ dated 10th January 2019 asking for a renew principle approval.
In 2018, Cambodia Prime Minister, Samdech Techo Hun Sen approved the principle which waived the successive registration tax fee and applied the one-time registration tax fee instead.
Samdech Techo Hun Sen expressed that this could simplify to all the last property buyers avoiding the successive registration tax payment in the property transferring process.
Samdech Techo Hun Sen also agreed to apply one-time registration tax principle approval to the commune and district level and the authorities must publish it widely.
