Property tax questions asked

Cambodia’s property tax is to come into effect next month, though experts say the levy is not widely understood and may be too early. The property tax will initially focus on the capital’s properties, comprising an annual payment calculated of 0.1 percent of the value of the property as estimated by an evaluation committee, according to previous prakas. Phnom Penh’s properties have been valuated by a committee formed by the Minister of Economy and Finance, with Bonna Realty Group assisting the process.