Compass Real Estate > Cambodia Real Estate Information > Others > Gov't decides to exempt property taxes in 4 newly established cities.

Gov't decides to exempt property taxes in 4 newly established cities.

2023-06-06
77
0
Summary:The Ministry of Economy and Finance has decided to exempt property taxes until the end of 2023 in 4 newly established cities.

According to the announcement, The Ministry of Economy and Finance has decided to exempt property taxes until the end of 2023 for properties located in Udong Mechey city of Kampong Speu province, Arey Ksat and Sampov Poun city of Kandal Province, and Bokor city of Kampot province.

Article 1 of the announcement of the Ministry of Economy states that "Property tax exemption until the end of 2023 for real estate located in Udong Mechey city of Kampong Speu province, Arey Ksat and Sampov Poun city of Kandal province and Bokor city of Kampot province."

英.jpg

The Ministry of Economy added that all property owners in the city as defined in article 1 of the announcement are obliged to register the property at the provincial tax branch where the property is located or at the Department of Real Estate Tax of the General Department of Taxation. However, there is no obligation to file a declaration and pay property tax until the end of 2023.

The Ministry stated that in the case of the property tax has already been paid in cities as defined in Article 1 of this announcement, the amount of tax paid is allowed to be used as a reference loan for property tax deduction for the following year.

The ministry continued that property owners must apply for a property tax credit that has already been paid at the provincial tax branch where the property is located or at the General Department of Taxation for property tax deduction for subsequent tax years.



Source: Fresh News

  • ---------------------------------- The End ----------------------------------

Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.

0

Share
Latest comment
0/500
{{MemberInfoData.nickname}}
{{MemberInfoData.tel_arr[0].showtel}}
  • Rent
    {{MemberInfoData.house_num.rent}}
  • Buy
    {{MemberInfoData.house_num.buy}}
  • Land for rent
    {{MemberInfoData.house_num.land_rent}}
  • Land for sale
    {{MemberInfoData.house_num.land_buy}}
Compass customer
{{MemberInfo.show_company_name}}
{{showTime.show_time}} active
Image is being sent:
Message loading
Message failed to load, click to try again
{{emoji.emoji}}
OBTAIN
Send a business card to{{ taname }}
Start sending
Cancel
No recent contacts
  • {{ind.unreadMessageCount}}
    {{ind.nickname}}
    {{ind.sentTime | time}}
    [图片]
    [语音]
    [视频]
  • Recent contacts are loading
  • {{item.nickname}}
{{send_title}}
  • {{follow.house_name}}
    {{follow.house_province}} {{follow.house_city}}
    {{follow.currency_price_sold_price.start}}{{follow.currency_price_sold_price.mid}}{{follow.currency_price_sold_price.end}}
Selected({{checked_length}}/3)