Property Tax Regulations in Cambodia

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Questions and Answers

What is one of the essential documents required for applying for a property tax payment card?

A recent bank statement

A health insurance certificate

A letter from a financial advisor

A copy of the Property Ownership Certificate (correct)

During which period must property tax be filed and paid?

January 1st to September 30th (correct)

February 1st to December 31st

April 15th to October 15th

August 1st to November 1st

What determines if a property is subject to property tax?

If it has more than two bedrooms

If it is located in a historical district

If it is used for rental purposes

If the value exceeds 100,000,000 Riels (correct)

Which type of property is exempt from property tax?

Properties in special economic zones serving production activities Signup and view all the answers

What is the potential consequence for late payment of property tax?

Implementation of a fine Signup and view all the answers

Where can property taxes typically be paid?

Local government offices Signup and view all the answers

What must be provided to verify newly built or renovated properties during the application for a property tax payment card?

A Construction Permit or other relevant permits Signup and view all the answers

What document should you include if there is a water or electricity bill for the property?

A copy of the water and electricity receipt Signup and view all the answers

What are the acceptable locations for declaring and paying property tax?

Department of Tax on Movable and Immovable Properties and certain bank branches Signup and view all the answers

Are agricultural lands with certificates subject to property tax in Phnom Penh?

No, they are exempt from property tax with certificates Signup and view all the answers

What is the annual property tax rate applied to the tax base?

0.1% Signup and view all the answers

How is the property tax base determined?

80% of the total property value Signup and view all the answers

What is the service fee to apply for a Property Tax Payment Card?

5,000 Riels Signup and view all the answers

Where can a property owner obtain a Property Tax Payment Card?

From the Department of Tax on Movable and Immovable Properties or partner banks Signup and view all the answers

How is the property tax affected by the lifespan of the construction?

It influences the determination of the construction cost for taxation Signup and view all the answers

What happens if a property owner does not have a property card?

They can apply for one by paying a service fee Signup and view all the answers

Study Notes

Property Tax in Cambodia

Application for Payment Card: To apply for a property tax payment card, submit a completed application form (PT 01), property ownership documents (certificate, transfer letter, or sales contract), identification (ID card, passport, family book, residence certificate), real estate photos (location and construction), latitude/longitude coordinates, utility bills (water and electricity), contact information (phone and email), and potentially construction permits.
Tax Filing Period: Property tax must be filed and paid between January 1st and September 30th of each year.
Taxable Property: Real estate (land and/or buildings) valued above 100,000,000 Riels in capital cities and all provinces are subject to tax.
SEZ Exemptions: Real estate in special economic zones used for production is exempt from property tax.
Unregistered Property Registration: Information on registering unregistered properties for tax purposes is missing.
Late Payment Penalty: Late payment of property tax incurs penalties as per regulations. The deadline is September 30th.
Payment Locations: Declare and pay property taxes at Department of Tax on Movable and Immovable Properties, provincial/khan tax branches, and partner bank branches. Specific banks are mentioned (ACLEDA, Canadia, Vattanac, Cambodia Public Bank).
Agricultural Land Exemption: Agricultural land in Phnom Penh, with a certificate from the relevant department, is exempt, even if it falls within a taxable zone.
Tax Rate and Base: The property tax rate is 0.1% of the tax base. The tax base is 80% of the total property value (land and construction). Construction values depend on factors like building lifespan, material type, and floor prices. These prices can be found in the ministry's annex. A certain amount (100,000,000 Riels) is deducted from the total.
Applying Without Card: Property owners can apply for a property tax payment card by registering and updating property details and paying a 5,000 Riel service fee. This procedure can be done at the Department of Tax, provincial/khan branch, or partnered banks.

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Description

This quiz covers the essential regulations surrounding property tax in Cambodia, including application processes, filing periods, and exemptions. Familiarize yourself with the requirements needed for property tax payment and understand what types of properties are taxable. Test your knowledge on the specifics of property tax management in Cambodia.