The government will provide a 50 per cent discount on value added tax (VAT) for sales of homes valued under 2 billion rupiah (S$188,450) and a 25 per cent discount on VAT for homes valued at 2-5 billion rupiah until June, Coordinating Minister of Economic Affairs Airlangga Hartarto said in a virtual briefing.
Source: businesstimes.com.sg
Latest Posts in "Indonesia"
- Indonesia Grants Full VAT Exemption on Domestic Eid Flights to Boost Holiday Travel
- Indonesia to Cover VAT on Domestic Airline Tickets During Eid al-Fitr Holiday Period
- Finance Ministry Probes 40 Steel Firms for Rp5 Trillion Annual VAT Losses
- Finance Ministry to Inspect Steel Giants After Uncovering Widespread VAT Evasion Scheme
- VAT Registration and E-Faktur Compliance in Indonesia: Key Challenges for Foreign Investors
