Compass Cambodia report - The General Tax Department (GDT) has decided to extend the policy of allowing property owners to pay only one-time stamp duty tax for any properties with a record of multiple transfers before 2017.
The extension will last until 31 December 2023, according to letter No. 22267 dated 31 December 2021 of the General Department of Taxation (GDT).
The one-time stamp duty tax applies to only two cases:
- Unregistered property (soft title) with a record of multiple transfers. Owner must pay only one-time stamp duty on their latest transfer or during the first time of their property registration
- Registered property (hard title) with a record of multiple transfers at Commune, Sangkat, Municipality, District, or Khan made before 2017. The owner must pay only one-time stamp duty on their latest transfer.
From 2024 onwards, one-time stamp duty tax will end and those properties with a record of multiple transfers must pay stamp duty taxes on all recorded transfers.
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