Indonesia Extends Full VAT Incentive on Property Purchases to Boost Economy Until 2025 End

• Indonesia extends full VAT incentive on residential property purchases until the end of 2025
• The incentive aims to sustain household demand and support economic growth
• Initially set at 50 percent for the second half of 2025, now maintained at 100 percent
• Covers transactions from July to December 2025
• Provides full VAT exemption for property selling price up to 2 billion IDR
• Applies to landed houses or apartments priced up to 5 billion IDR
• Available for one unit per individual buyer
• Indonesian citizens must register with a tax ID or national identity number
• Foreigners eligible if they hold a tax ID and meet property ownership requirements

Source: en.vietnamplus.vn

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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