Registration tax exemption on the transfer of ownership or right to possession of the real property between parents and child, between husband and wife and between grandparents and grandchild

Royal Government of Cambodia has issued a Decision 10 January 2016. The decision prescribes the exemption of registration tax on the transfer of ownership or right to possession of the property between parents and child, between husband and wife, and between grandparents and grandchild. It does not have retroactive effect for the tax already paid. The Ministry of Economy and Finance has the authority to amend related laws in order to submit to Council of Ministers to review and approve on the draft of the amendment before sending to legislative body for further approval.