#Property Tax

Prabowo Plans to Abolish VAT and BPHTB to Build 3 Million Houses

To encourage the growth of the property sector, president-elect Prabowo Subianto will abolish the imposition of Value Added Tax (VAT) and Fees for the Acquisition of Right to Land and Building (BPHTB).

Oct 18, 2024

The Government Officially Bears 100% of VAT on Houses Until December 2024, Here are the Conditions

The government will officially bear all Value Added Tax (VAT) payable on the purchase of landed houses and apartment units until December 2024. This is expected to be a stimulus for the housing industry so that it can have an impact on Indonesia's economic growth.

Sep 20, 2024

Government-borne VAT Regulation on Landed House Released, Here are the Provisions

The government has released regulation regarding the provision of Value Added Tax (VAT) facilities borne by the government (DTP) for the transfer of landed houses and flats with a maximum selling value of IDR 5 billion and a maximum tax base (DPP) of IDR 2 billion.  

Nov 29, 2023

Government to Cover VAT on Houses Under IDR 2 billion

Oct 24, 2023

VAT Exemption for Low-Income Houses Renewed

The provision regarding the exemption of Value Added Tax (VAT) on the transfer of public houses for low-income people, Pondok boro workers' houses, and student dormitories is renewed through the Minister of Finance Regulation (PMK) Number 81/PMK.010/2019.

Jun 26, 2023

Government Cuts Government-Borne VAT Incentives for Houses to a Maximum of 50%

To get the facility, a VAT-Registered Person who sells landed house or apartment units must first register to the ministry administering public housing and residential area sectors

Feb 10, 2022

VAT Incentives for Houses and Apartments Extended to The End of The Year

Aug 10, 2021

Measuring the Ideal Rate of Final Income Tax on Space Lease

Now may be a perfect time for the government to reduce the final Income Tax rate, especially on land and building leases. As promised by the DGT, a policy evaluation must indeed be carried out in 2020. 

Nov 13, 2020