On December 31, 2024, Cambodia's Ministry of Economy and Finance issued Notification No. 020, introducing stamp duty tax exemptions and relief measures to support first-time homebuyers and stimulate the real estate sector. These incentives are effective from January 1, 2025, to December 31, 2025. Key Provisions: 1. For Properties Purchased Before 2025 (Transferred in 2025): • Full Exemption: For properties valued at or below US$210,000, a stamp duty exemption is granted upon transfer. • Partial Exemption: For properties exceeding USD 210,000, a deduction of USD 210,000 is applied to the taxable base for stamp duty calculation. • Subsequent Properties: For second or subsequent property transfers, a deduction of USD 70,000 from the taxable base is allowed. 2. For Properties Purchased in 2025: • Received the same benefits as the implementation of stamp duty exemptions and relief measures for properties purchased in calendar year 2025 (transferred to subsequent years). Eligibility Criteria: • The property shall be purchased directly from a housing development company that has obtained a development license from the Real Estate and Pawnshop Regulator or the Provincial Department of Economy and Finance. • The purchase price must be based on market value and according to the actual Sale & Purchase Agreement and shall be provided to the tax authority when applying for the transfer of ownership. Additional Notes: • This incentive aims to reduce the tax burden on property buyers and support the growth of the real estate sector in the Kingdom of Cambodia. • Exemptions and reductions do not have retroactive effect on properties that the tax has already been paid. For more detailed information, please find the official announcement of the Ministry of Economy and Finance as attached or contact KNC & Associates Law Firm for a free consultation with a legal expert specializing in Cambodian real estate law.