Logo of Phnom Penh Post newspaper Phnom Penh Post - Pay property tax by Sept 30 or face penalty: GDT

Pay property tax by Sept 30 or face penalty: GDT

Content image - Phnom Penh Post
A view of the Phnom Penh skyline. Heng Chivoan

Pay property tax by Sept 30 or face penalty: GDT

The General Department of Taxation (GDT) has reminded property owners in Phnom Penh and other provinces to settle their property tax and unused land tax for 2023 to avoid a rush before Sept 30, or risk facing a penalty if they fail to do so by the deadline.

Taxpayers can pay at the headquarters or at any of the provincial or commune GDT branches where the property is located, partner bank branches or via the GDT taxpayer app, it said in an announcement, adding that it noticed a number of property owners have yet to settle their property tax obligations.

“Property owners who fail to file tax returns on time would be subjected to administrative penalties according to the Law on Taxation. The GDT strongly hopes that after receiving this notice, all property owners would fulfill their tax obligations on time,” the GDT said.

Kim Heang, regional operating principal of KW Cambodia, urged property owners to meet their tax obligations properly and on time because filing tax returns is the “duty of every citizen”.

He asked that more publicity about tax obligations is made so that people understand and receive adequate and timely information.

As of September 18, property tax revenue was nearly 72 per cent of the plan, less than two weeks before the September 30 deadline, the GDT said.

In 2022, the Ministry of Land Management, Urban Planning and Construction approved 4,275 construction investment projects, down 28 projects or 0.65 per cent from a year earlier.

This represented a total registered capital of nearly $3 billion, down 46.8 per cent year-on-year from $5.6 billion, according to data published by the Ministry of Economy and Finance.

The finance ministry’s statistics indicated that the housing segment represented 3,768 of the projects – up from 3,720 a year earlier – or an 88.1 per cent share of the total, up from 86.5 per cent in 2021.

The ministry broke down the 2022 approvals by category: residential (3,768), commercial (228), industrial (184), public (58), tourism (36) and other (1). The corresponding 2021 figures were: residential (3,720), commercial (301), industrial (184), public (47), tourism (49) and others (2).

MOST VIEWED

  • Joy as Koh Ker Temple registered by UNESCO

    Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in

  • Famed US collector family return artefacts to Cambodia

    In the latest repatriation of ancient artefacts from the US, a total of 33 pieces of Khmer cultural heritage will soon return home, according to the Ministry of Culture and Fine Arts. In a September 12 press statement, it said the US Attorney’s Office for the

  • Tina rebuffs ‘false claims’ over falling paddy price

    Agriculture minister Dith Tina has shed light on the trade of paddy rice in Battambang – Cambodia’s leading rice-producing province – in a bid to curb what he dubs a “social media fact distortion campaign” to destabilise the market. While acknowledging that the prices of paddy

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • Kampot curfew imposed to curb ‘gang’ violence

    Kampot provincial police have announced measures to contain a recent spike in antisocial behaviour by “unruly’ youth. Officials say the province has been plagued by recent violence among so-called “gang members”, who often fight with weapons such as knives and machetes. Several social observers have

  • PM outlines plans to discuss trade, policy during US visit

    Prime Minister Hun Manet is set to meet with senior US officials and business leaders during his upcoming visit to the US for the UN General Assembly (UNGA), scheduled for September 20. While addressing nearly 20,000 workers in Kampong Speu province, Manet said he aims to affirm