Real Estate Indonesia Requests for Lower BPHTB
Monday, 25 October 2021

Member of Real Estate Indonesia has requested to lower the percentage for Land and Building Right Acquisition Tax (BPHTB) from 5% to 2.5% after Tax Income (Pph) was cut from 5% to 2.5%, resulting in the total of 5% for transaction costs. During the Covid-19 pandemic, properties were sold less than the Sale Price of Tax Object (NJOP) and resulting in overprice when 5% BPHTB is applied.


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