Property Tax Regulations in Cambodia

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the minimum value of real estate that triggers the property tax in Cambodia?

200,000,000 Riels

50,000,000 Riels

150,000,000 Riels

100,000,000 Riels (correct)

Which document is NOT required to apply for a property tax payment card?

Real Estate Photos

Tax Payment Statement (correct)

Construction Permit

Application form (PT 01)

When is the deadline to file and pay property tax in Cambodia?

March 31st

June 30th

September 30th (correct)

December 31st

Which types of properties are exempt from property tax?

Real estate in Special Economic Zones serving production activities Signup and view all the answers

Where must unregistered real estate be registered to fulfill property tax obligations?

Provincial tax branch or Department of Tax on Movable and Immovable Properties Signup and view all the answers

What is the governing document that outlines the collection of property tax in Cambodia?

Prakas No. 493 MEF.PrK dated 19 July 2010 Signup and view all the answers

What is the consequence of not paying property tax by the deadline?

A fine for late payment Signup and view all the answers

Which document may be required for newer construction or renovation?

Site Opening Permit Signup and view all the answers

What is the consequence of paying tax late?

A fine will be implemented according to tax regulations. Signup and view all the answers

Which of the following are locations where property taxes can be paid?

Department of Tax on Movable and Immovable Properties. Signup and view all the answers

Is agricultural land in Phnom Penh subject to property tax if it has a certificate?

It is exempt from property tax with proper certification. Signup and view all the answers

What is the annual property tax rate applied?

0.1% of the tax base. Signup and view all the answers

What percentage of the total property value is used as the property tax base?

80% Signup and view all the answers

What fee is required for a property owner to apply for a Property Tax Payment Card?

5,000 Riels. Signup and view all the answers

Where should property owners go to apply for a Property Tax Card if they do not have one?

The Department of Tax on Movable and Immovable Properties. Signup and view all the answers

Which of the following is NOT a bank where property taxes can be paid?

Asian Development Bank. Signup and view all the answers

Study Notes

Property Tax in Cambodia

Application for Property Tax Payment Card:
- Requires filling out application form (PT 01).
- Copy of property ownership certificate (or transfer letter or sales contract).
- Copy of ID (or foreign equivalent).
- Real estate photos (location).
- Latitude and longitude of property location.
- Copies of water/electricity bills (if available).
- Phone number and email.
- Supporting documents (construction permits, etc.) from local authorities.
- Single invoice confirming previous tax payment.
Filing and Payment Period:
- January 1st to September 30th of each taxable year.
Tax Base:
- Real estate (land and/or constructions) in Cambodian cities and capitals are taxable, exceeding 100,000,000 Riels.
Special Economic Zones (SEZs):
- Real estate in SEZs serving production activities is exempt.
Unregistered Property:
- Register with provincial/khan tax branch or the Department of Tax on Movable and Immovable Properties (depending on location).
Late Payment Penalty:
- Penalty for late payments stipulated in regulations. Deadline is September 30th each year.
Payment Locations:
- Department of Tax on Movable and Immovable Properties + Provincial/Khan Tax Branches.
- Selected bank branches (ACLEDA Bank, Canadia Bank, Vattanac Bank, Cambodia Public Bank, or other participating banks).
Agricultural Land:
- Agricultural land with the correct local authority certificates is exempt, even in applicable geographical areas.
Tax Rate and Base:
- Tax rate: 0.1% of the tax base.
- Tax base: 80% of the total property value (land + construction).
- Construction value based on lifespan, construction type (concrete/non-concrete/condo), floor prices stated in specified Annex.
Applying for Property Tax Card (No Existing Card):
- Apply by registering property information and paying a 5,000 Riel service fee.
- Apply at the Department of Tax on Movable and Immovable Properties.
- Apply or update at Provincial-Khan tax branch for immediate card issuance.
- Apply at partner banks to GDT.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Description

Explore the essential requirements and periods for property tax in Cambodia, including application processes and exemptions for special economic zones. This quiz covers the detailed steps necessary to comply with taxation laws for real estate within Cambodian cities and capitals.