Houses Under IDR2 Billion Get VAT-Free Incentives Till June 2024

VAT-free incentives for commercial or non-subsidized housing valued under IDR2 billion will be in effect until June 2024. After the said date, until the end of 2024, the incentive will be phased down to 50% government-borne.

Redaksi

25 Okt 2023 - 20.51
A-
A+
Houses Under IDR2 Billion Get VAT-Free Incentives Till June 2024

Illustration - Cluster area./Bisnis-Abdullah Azzam.

Bisnis, JAKARTA — President Joko Widodo (Jokowi) launches another incentive in the form of government-borne Value Added Tax (VAT) for commercial or non-subsidized residential properties under IDR2 billion. During the COVID-19 pandemic from 2021 to September 2022, the government offered VAT incentives for properties with prices below IDR2 billion.

According to the President, these incentives boost purchasing power and the national economy amid high interest rates. He believes that these property incentives will also stimulate several related sectors. Jokowi mentioned that 114 related sectors will experience increased demand, such as cement, bricks, sand, wood, doors, glass, and ceramics.

Coordinating Economic Affairs Minister Airlangga Hartarto stated that the 100% VAT exemption for houses under IDR2 billion will be in effect until June 2024. After June 2024, until the end of the year, the VAT incentive will be reduced to 50%.

The government is providing this stimulus to boost the property sector. Government data shows that the contribution of the housing sector to the Gross Domestic Product (GDP) has recently decreased by only 0.67%.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Yusuf Waluyo Jati
company-logo

Lanjutkan Membaca

Houses Under IDR2 Billion Get VAT-Free Incentives Till June 2024

Dengan paket langganan dibawah ini :

Tidak memerlukan komitmen. Batalkan kapan saja.

Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.

Copyright © Bisnis Indonesia Butuh Bantuan ?FAQ
Kembali ke Atas
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.