On October 9, 2024, Notification No. 014 was released by the Ministry of Economy and Finance, addressing the Extension and Addition of Tax Incentives for the Real Estate Sector. This notification introduces various tax incentives aimed at property owners and housing developers to alleviate their tax obligations. The initiatives stem from Notification No. 001 issued on January 4, 2024, as well as the Royal Government's Special Statement detailing its accomplishments from August 22, 2024, which received endorsement from Samdach Moha Borvor Thipadei Prime Minister on September 26, 2024. The revised incentives will remain in effect until the end of 2025.

The stamp tax on transfer of ownership or possession of real estate is extended until the end of 2025.

Capital gain tax on real estate owned by individuals are postponed until the end of 2025.

The tax exemptions, reliefs, and suspensions outlined in Notification No. 014 do not extend back to taxes or penalties that have already been settled. Property owners and developers should be aware of these changes, which offer considerable tax relief until the end of 2025.