President Jokowi Decides the Discount for Property Value Added Tax for 2022 Maximum of 50 Percent
President Joko Widodo (Jokowi) finally approved the budget allocation for the 2022 Government-borne Value Added Tax (VAT) funds.
This was conveyed by the Minister of the Economy Airlangga Hartato in a Ministerial Press Statement regarding the Results of the Limited Meeting on PPK Evaluation. Airlangga explained that the President approved several programs related to national economic recovery (PEN) with a budget of Rp 451 trillion. The budget is divided into three sectors, namely health, social protection and fiscal facilities for several sectors. "What the President has approved is that the property fiscal initiative or VAT DTP will be extended until June 2022," he said. DTP VAT for flats and landed houses for a maximum of Rp 2 billion, will be given a DTP VAT facility of 50 percent. Then for residential prices sold from Rp. 2 billion to Rp. 5 billion, you will get a VAT facility of 25 percent. "This DTP VAT will be calculated from the start of the contract and it is hoped that the construction of the house can be completed within 9 months," Airlangga added. However, Airlangga on the occasion did not specify how much funds were allocated by the government for VAT incentives for the property sector DTP this year.
|•SOURCE•| Articles :KOMPAS | Image :TRIBUN |
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