TECHNICAL UPDATE October 2011

Reference is made to our Technical Update issued for May 2011 in relation to the Tax on Immovable Property (TIP), which is implemented from the year 2011. We would like to highlight certain important points of the TIP and a number of changes on deadline and calculation base as follows:

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TIP calculation method

Taxpayers shall calculate the TIP following the immovable

property price determined by the Real Estate Evaluation

Committee which is publicly available at the Sangkat and Khan

Hall. The calculation is as follows:

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