Property Developers Back Tapera Contributions Amid Loud Rejection

By deducting from workers' salaries for housing savings, BP Tapera aims to bolster its capacity to distribute subsidized KPR to low-income individuals (MBR).

Yanita Petriella & Alifian Asmaaysi

31 Mei 2024 - 16.08
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Property Developers Back Tapera Contributions Amid Loud Rejection

Subsidized housing. Bisnis/Himawan L. Nugraha

Bisnis, JAKARTA – In the past few days, there's been a lot of buzz surrounding Public Housing Savings (Tapera) policy. This all stems from President Joko “Jokowi” Widodo's signing of Government Regulation (GR) No. 21 of 2024, which amends GR No. 25 of 2020 on Public Housing Savings (Tapera). The regulation was officially enacted on May 20, 2024, as part of the implementation of Law No. 4 of 2016 concerning Tapera.

All workers earning above the minimum wage are mandated to enroll as Tapera participants and allocate a portion of their income to assist low-income individuals in owning a home.

The savings amount for participants is set at 3% of their salary or wages for employees and income for self-employed workers. For private sector employees, the savings amount is shared between the employer, contributing 0.5%, and the employee, contributing 2.5%.

The Tapera regulations are outlined in GR No. 21 of 2024, which amends GR No. 25 of 2020 concerning Public Housing Savings (Tapera). This amendment was enacted on May 20, 2024, as part of the implementation of Law No. 4 of 2016 concerning Tapera.

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.