Jakarta, Sept. 24 -- Indonesia will continue covering 100 percent of value-added tax (VAT) on housing purchases from January through December next year as part of efforts to support growth and strengthen the property sector, the finance ministry said on Wednesday.
Febrio Kacaribu, director general of Economic and Fiscal Strategies at the ministry, told reporters the government will soon issue a regulation detailing the facility.
"Yes, 100 percent of VAT will be borne. This policy is a continuation of what has been implemented," he said at the Housing and Settlement Areas Ministry's office.
The upcoming relief will provide full VAT exemption throughout the year, unlike the current 2025 incentive, which initially offered 100 percent cove...
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