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"
- 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
- Indonesia Reinstates 100% VAT Incentive for Home, Apartment Purchases up to Rp2 Billion in 2026
- Finance Ministry Offers 100% VAT Incentive for Home Buyers Throughout 2026
- Indonesia Appoints OpenAI as VAT Collector for Digital Services to Boost State Revenue
