by Mary Swire, Tax-Information.com, Hong Kong
21 March 2022
Authorities in Cambodia have introduced an additional two-year delay to the implementation of a capital beneficial properties tax.
The foundations for the regime have been set out in Prakas 346, within the Khmer language, issued in September 2020. The levy, which was initially to be launched from July 2020, was beforehand prolonged to January 1, 2021, and once more to January 1, 2022. It’ll apply to beneficial properties derived from the sale of all properties, mental property, and capital investments, together with leases, shares, and foreign currency, much less allowed deductions.
The levy will now be launched solely from January 1, 2024, the Authorities mentioned in Notification 4577 GDT, issued on March 9.