The Indonesian government has increased the price limit of subsidized houses that are exempt from value-added taxes (VAT) through the Finance Ministerial Regulation (PMK) No. 60/2023/PMK.010/2023 on price limit of public houses, temporary housing for laborers, student dormitories, and houses for private-sector workers that are exempt from VAT. The government now exempts 11 percent VAT from a selling price of a landed house, or around Rp 16 million to Rp 24 million per unit.
Source: dinsights.katadata.co.id
Latest Posts in "Indonesia"
- Indonesia’s PMK-50: Crypto-Assets Classified as Digital Financial Assets, VAT Treatment Updated
- Chairman of Commission XI proposes reducing VAT from 11% to 10%
- Lawmaker Proposes VAT Reduction to Boost Economy and Ease Financial Burden on Citizens
- Indonesia Extends Full VAT Incentive on Property Purchases to Boost Economy Until 2025 End
- Indonesia Extends 100% VAT Waiver on Residential Properties for Foreigners Until End of 2025
