TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsCity to scrap property acquisition taxes with prices bellow Rp 2 billion
The Jakarta Administration is on the process to eliminate building and land acquisition taxes for the houses worth below Rp 2 billion (US$152,555) in a bid to lure consumers to buy property.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Governor Basuki "Ahok" Tjahaja Purnama is at his office at City Hall in Jakarta. (kompas.com/Kurnia Sari Aziza)
T
he Jakarta Administration is on the process to eliminate building and land acquisition taxes for the houses worth below Rp 2 billion (US$152,555) in a bid to lure consumers to buy property.
“To revive the transaction in property sector, we want to help the future consumers of houses by eliminating the taxes. For the last four months, the property business has been sluggish,” Jakarta Administration secretary Saefullah said at City Hall on Friday
The tax elimination will also apply to the apartment, whose prices are below Rp 2 billion.
On a meeting between Jakarta governor Basuki “Ahok” Tjahaja Purnama and Agrarian and Spatial Planning Minister Sofyan Djalil on Thursday, Sofyan has agreed with Ahok’s plan to free the taxes for the houses under Rp 2 billion.
The ministry also promises to facilitate residents to apply for land certificate cost only Rp 300,000. With the cooperation between the administration and the ministry, Ahok hopes all residents can certify their properties.
However, the city has not decided when the governor regulation about the elimination of the taxes will be issued and implemented. Saefullah said that the city is still seeking input from other institutions like the Corruption Eradication Commission (KPK), Development Finance Comptroller (BPKP), Tax Directorate, and Finance Ministry. (bbn)
