- Indonesia extends VAT exemption for home purchases until 2026 to stimulate housing sector and broader economy
- Government covers full VAT on ready to occupy homes or new properties priced up to 2 billion rupiah with partial coverage for homes between 2 billion and 5 billion rupiah
- Extension approved by Housing Ministry and Finance Minister as part of broader economic policy package for 2025 to 2026
- Policy applies to Indonesian citizens and eligible foreign nationals but limited to one residential unit per buyer with certain restrictions on resale and down payments
- Government aims to encourage home ownership while supporting construction real estate and related industries as part of growth agenda
Source: jakartaglobe.id
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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