Definition: Property tax is a tax collected for property value in excess of 100 million Riels and located in the administrative geography of the municipality and provinces of the Kingdom of Cambodia. The tax is a direct tax that requires the taxpayer who is the owner or occupant or the last beneficiary to register the property and make tax declaration no later than September 30 of each year. The property tax is for the benefit of the sub-national administrative budget.
Tax base:
- Property tax is charged at the rate of 0.1% of the tax base.
- The tax base is 80% of the property value, which allows for a reduction of KHR 100,000,000.
- The property value is determined by the Property Appraisal Committee according to the age of construction and the type of construction based on the market price.
Property tax = [(property value x 80%) – KHR 100,000,000] x 0.1%
Property Tax Exemption
- Property belonging to the institutions, diplomatic missions, foreign consulates, international organizations, technical cooperation agencies
- Physical infrastructure
- Properties were built on agricultural land, which directly and permanently serves to agricultural activities
- Properties affected by a case of force majeure
- Less than 80% of houses, buildings and structures under construction and unused
- Property located in the Special Economic Zone