Cambodia's Government News Agency has issued a release announcing that the General Department of Taxation (GDT) will begin the collection of capital gains tax with effect from 1 January 2021.
The capital gains tax will be levied at a flat rate of 20% on income from the sale or transfer of taxable capital, less allowed deductions. The tax applies for resident individuals and for non-resident individuals and legal entities. Taxable capital includes:
- Immovable property, including land, build…