Phnom Penh: The General Department of Taxation of the Ministry of Economy and Finance has issued a notification reminding the payment of property tax and unused land tax for 2020, which will expire in just six days. This is according to the announcement of the General Department of Taxation on September 24, 2020.
According to the General Department of Taxation, in Cambodia, property that is taxable only if the property is worth more than 100 million riels or about 25,000 US dollars and is in the following categories:
Land: refers to land without construction and / or land with construction 2. House: Refers to a place to stay
Unused land tax is levied on unstructured land and abandoned land located in cities and in areas designated by the Unused Land Assessment Commission. Unused land tax is paid By the owner.
The owner of the taxable land has the duty to calculate the tax amount according to the model of the declaration form provided by the tax organization and must pay it no later than September 30 of each year to the tax department where the taxable land is located. Each taxable land must make one declaration.