Indonesia Extends Property VAT Incentive Until 2027 to Boost Housing Market and Demand

• Indonesia extends VAT incentive on property purchases until the end of 2027.
• The incentive aims to provide long-term certainty for the property sector and support middle-class demand.
• Buyers of houses or apartments priced up to Rp 5 billion ($300,000) are eligible.
• The government fully covers VAT for purchases up to Rp 2 billion; for homes up to Rp 5 billion, only the first Rp 2 billion is exempt.
• This is the first time a two-year certainty period is provided for property incentives.

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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