- Indonesian government plans to waive VAT on house purchases below 2b rupiah
- The measure aims to boost the property sector and overall economic growth
- VAT will be fully waived until June 2024 and 50% will be waived indefinitely after that
- The government will also provide a 4m rupiah subsidy for low-cost housing purchases.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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