CAMBODIA: Capital Gains Tax Deferral Further Extended to 2024
04 April 2022
Cambodia’s General Department of Taxation (GDT) has announced that capital gains tax has again been deferred. Notification no. 4577 GDT, issued on 9 March 2022, extends the deferral to 2024. This is the third time that capital gains tax implementation has been deferred. Its initial implementation date was July 2020 but was delayed to 1 January 2021, then to 1 January 2022, and now to 1 January 2024.
Cambodia’s proposed capital gains tax has a flat rate of 20%, applied to profits from the sale or transfer of capital within six asset categories: real estate (immovable assets); investment or financial assets; leases; intellectual property; business licences and branding (goods); and foreign currency. Cambodian law has technically mandated the collection of such tax since the tax law was amended by the Law on Financial Management for 2007.
- Southeast Asia