Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Phnom Penh waives property tax for some

Phnom Penh waives property tax for some

Phnom Penh waives property tax for some

The Ministry of Economy and Finance has exempted 20 of Phnom Penh’s communes from paying a property tax for 2011, according to a statement released by the ministry.

The communes in question are in the capital’s Sen Sok, Dangor, Meanchey and Russey Keo districts, according to the statement.

Property owners who had already paid the tax would have that amount applied to their obligation, if any, for 2012, the statement said.

Ministry officials could not be reached to explain why these communes were exempt from last year’s tax.

Bonna Realty Group CEO and National Valuers Association of Cambodia president Sung Bonna said yesterday the communes had been previously been part of Kandal province, which did not levy a tax on property owners.

But a move by the Cambodian government last year had shifted the boundaries of Phnom Penh to include the communes, removing them from Kandal, the Post previously reported.

As a result, the government  decided against the complex procedures involved in transferring property documents such as land titles between local governments, and chose instead to enforce the property tax this year.

“The process is complicated, so paying the tax in 2012 is better,” Sung Bonna said.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Government approves plan to relocate Phnom Penh’s airport

    The government has signed off on a proposal to build a new airport to serve Phnom Penh and has earmarked land in Kandal province for the $1.5 billion project. A new international airport to replace the existing Phnom Penh International Airport will be constructed on partially

  • American convicted of raping boy, 10, in Siem Reap

    A 79-year-old American man was sentenced to one year in prison for raping a 10-year-old boy by Siem Reap Provincial Court on Wednesday. John Paul Zollbrecht, of Washington state, was sentenced to one year in prison while a Cambodian man who helped facilitate the abuse, 23

  • PM derides talk of government affairs, hinting phone records could reveal all

    Prime Minister Hun Sen on Sunday night told Cambodia’s starlets to either name their high-profile government lovers or keep quiet, telling a room full of journalists he did not want to be tarred with the same brush. Addressing more than 3,400 people at the second