Property rental Tax in Cambodia is set by the rental received on the following types of properties:
- Residential and commercial buildings or properties.
- Industrial and commercial installed equipment.
- Floating watercrafts/homes or ships used as homestay or place of business.
- Land without buildings used for stone, mine and coal extraction, lakes and salt pan field.
- This tax is collected from proprietors or leaseholders.
Tax Rate:
A foreign investor who buys property in Cambodia and rents it out needs to pay 14% of the gross rate annually while Cambodians have to pay 10%. This gross rental must be included in the lease agreement.
Sample (for a Cambodian):
5 apartment units
Rented at $200 per week
|
Rental rate |
$200 |
|
Number of apartment units |
5 |
|
Property Tax 10% |
($200 x 5 ) x 10% = $100 |
How to register:
To register to become a taxpayer for property tax, the first thing you must do under this law is to register at your tax branch. You only need to register the property if it’s worth $25,000 or more. You should go to your tax branch where the property is located and complete two forms: PT01 and PT02.
Read here for a more detailed guide on property taxes in Cambodia.
When are tax payments due?
The tax payment is an annual obligation due by September 30th.
Article by:
Comments