What property taxes should I know when buying Cambodian real estate?

What property taxes should I know when buying Cambodian real estate? 1, purchase link

Contract stamp duty: Like Singapore, you have to pay contract stamp duty before buying a house in Cambodia. The contract stamp duty shall be 4% of the property value, and shall be paid in one lump sum when the house is handed over. Property tax: you can pay the contract stamp duty when buying a house, and you must also pay the budgeted property tax, which is 0. 1% of the property value. The frequency of payment is this year. If you have to borrow money to buy a house before buying a house, you also need to pay the mortgage application fee and lawyer's agency fee.

Mortgage application fee and lawyer's agency fee: if you apply for a mortgage, the bank or loan company will deduct a sum of money from the evaluation and loan. You must pay 1% of the total loan to the bank or loan company. In addition, teachers need to be paid $250 for their services: legal consulting services, asset verification and judicial procedures.

Home insurance fees: Cambodian financial and economic institutions require customers to buy home insurance on the premise of obtaining bank loans. The cost of home insurance depends on the size and value of the house. If the house price exceeds US$ 654.38 million, it will cost US$ 100 every year. If the house price is less than $654.38 million, then the annual insurance fee cannot exceed 100.

2. Ownership and transaction/resale

Transfer tax: this tax is generated when the seller transfers the house to the buyer's name and must be paid to the province or city unit to which the house belongs. Customers not only need to pay 4% of the transfer fee, but also need to pay $65,438+$0,000 to the local tax bureau as a surcharge. Generally speaking, it takes 12 weeks for the local taxation bureau to change the name of the hard real estate license.

As far as transfer tax is concerned, the same documents and other statements need to be provided to State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) after the certification materials are approved by the land and resources unit. The staff of the local taxation bureau will evaluate the value of the house according to the set scope and calculation method, and then they will show a tax payment detail, indicating the actual amount paid. After People's Republic of China (PRC) State Taxation Administration of The People's Republic of China shows the buyer's tax payment certificate, the land and resources unit can complete the renaming of the real estate license.

Enterprise income tax on rental income: 65438+ 00% of rental income this year. Property tax: 0.65438+ 0% of the annual property management value. The value is determined by the Real Estate Appraisal Association. Lease tax: under the premise of real estate lease, a certain lease tax must be paid, and there will be different payment ratios according to different nationalities. Generally speaking, foreign investors are responsible for paying 65,438+04% of the total annual rent, while locals must pay 65,438+00% of the total annual rent. It is usually issued every year.

Tax relief is there any tax relief or other incentive mechanism for foreigners to buy real estate in your jurisdiction?

Because only Cambodians can buy real estate in Cambodia for no reason, foreigners have no tax relief or incentive mechanism to buy real estate in Cambodia. However, foreigners can own and use the real estate industry in Cambodia through the economic development and land resources development rights provided by Cambodian government departments. All kinds of land transfer assets are exempt from stamp duty.

In addition, real estate and real estate taxes are paid separately, even if such assets belong to an investor or company. The tax to be paid is to subtract $25,000 from 80% of the property management value ($25,000 belongs to the tax payment standard), and the obtained data is to be multiplied by 0. 1%, which is the property tax that the community owners must pay.

Note: 4% tax is also required for the purchase or transfer of property management. However, not all land resources need to be taxed every year. It seems that agricultural land, state-owned land transfer and some industrial parks are not included.

For renting real estate, Cambodian locals have to pay 10% rental tax every year, while foreigners have to pay 14%. This kind of tax needs to be paid to avoid being punished for not paying taxes.