DFDL Cambodia Organizes Seminar on Capital Gains Tax & Its Impacts on the Cambodian Real Estate Sector
On 30 September 2020, DFDL Cambodia in collaboration with CBRE Cambodia, hosted a hotly anticipated seminar on ‘Capital Gains Tax & its impacts on the Cambodian Real Estate Sector’ in Phnom Penh which attracted wide interest from the business community, NGOs, real estate players and other affected stakeholders resulting in a well-attended and successful event.
Capital gains tax is set to be implemented from 1 January 2021 onward. Cambodia tax resident Individuals and offshore investors in various sectors, particularly real estate will be significantly affected by this new tax and its related reporting obligations. DFDL’s latest event aimed to clarify the main issues and uncertainty surrounding the new CGT rules, in particular how they will apply in practice to the real estate sector in Cambodia and whether they may discourage or enhance investment in this key area.
With James Hodge (CBRE Cambodia Senior Director) serving as the event’s moderator, Clint O’Connell (DFDL Cambodia Partner, Deputy Managing Director & Head of Tax Practice) gave a general overview of CGT in Cambodia, how it is calculated and the various trigger points for when it becomes payable among other factors. His presentation was followed by an insightful discussion on the impact of capital gains tax on the real estate sector delivered by Charles Amar (DFDL Cambodia Head of Real Estate Practice). After a brief coffee break and networking session, Sothida Ann (CBRE Cambodia Managing Director) concluded the presentations with a regional market overview to give a more rounded understanding of the future of Cambodian real estate in light of the upcoming law and how this compares to similar developments being pursued in other jurisdictions.
The seminar concluded with a lively and active panel discussion with plenty of back and forth exchanges on the pros and cons of the new rules followed by a Q&A session with pointed and interesting questions from some of the 140+ attendees present.
Construction & Property magazine published an article on 10 key Q&As following our seminar which is accessible through this link: https://construction-property.com/qa-new-capital-gains-tax-the-impacts-on-the-cambodian-real-estate-sector/.
30 September 2020 | 7:30 – 10:30 am | Topaz Restaurant (Ballroom), Phnom Penh
Ticket Price: USD 20
DFDL Cambodia is very pleased to announce its upcoming seminar in collaboration with CBRE Cambodia on ‘Capital Gains Tax & its impacts on the Cambodian Real Estate Sector‘.
Capital gains tax is set to be implemented from 1 January 2021 onward. Cambodia tax resident Individuals and offshore investors in various sectors, particularly real estate, will be significantly affected by this tax and its related reporting obligations.
This event will look to explain the main points that arise from the new capital gains tax regulation and in particular how it applies to the real estate sector in Cambodia. This is also a great opportunity to ask questions to industry leading experts.
Be sure not to miss out on this important event and
contact our team now to save your place.
- 7:30 – 8:30 am: Participants’ Arrival & Registration
- 8:30 – 8:35 am: Introduction & Opening Remarks – James Hodge (CBRE Cambodia Senior Director)
- 8:35 – 8:50 am: General Overview of Capital Gains Tax in Cambodia – Clint O’Connell (DFDL Cambodia Partner, Deputy Managing Director & Head of Tax Practice)
- 8:50 – 9:10 am: Capital Gains Tax & its Impacts on the Real Estate Sector – Charles Amar (DFDL Cambodia Head of Real Estate Practice)
- 9:10 – 9:25 am: Observing the Market’s Reaction: a Regional Perspective – Sothida Ann (CBRE Cambodia Managing Director)
- 9:25 – 9:45 am: Coffee Break
- 9:45 – 10:30 am: Panel Discussion with Q&A – James Hodge, Clint O’ Connell, Charles Amar & Sothida Ann
- 10:30 – 10:35 am: Closing Remarks – James Hodge
Speakers, Panelists & Moderator
Clint O’Connell, Partner, Cambodia Deputy Managing Director & Head of Cambodia Tax Practice, DFDL
Speaker & Panelist
Charles Amar, Head of Cambodia Real Estate Practice, DFDL
Speaker & Panelist
Sothida Ann, Managing Director, CBRE Cambodia
Speaker & Panelist
James Hodge, Senior Director, CBRE Cambodia