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View all search resultsThe Financial Services Authority (OJK) has urged Indonesians to take advantage of the tax amnesty program and repatriate their money back to Indonesia, saying that the government has prepared some attractive financial instruments to encourage this process.
Indonesian central government has called the municipal governments to cut building and land acquisition tax (BPHTB) by 2.5 percent at the most and give special tax treatment for Real Estate Investment Trusts (REITs) to boost its competitiveness.
Publicly listed developer Ciputra Development is looking at the possibility of securitizing its assets into real estate investment trustees (REITs), although it is waiting for a lower benchmark interest rate before potentially selling the securities to the public.
Real estate investment trustees (REITs) investors need to be extra-patient waiting for the tax incentives promised in the fifth economic stimulus package, as they must first wait for regional governments to cut building and land acquisition taxes (BPHTB).
The Financial Services Authority (OJK) is considering providing a legal basis for Islamic real estate investment trustees (REITs) in the third quarter of 2016, hoping that it will attract more property investors, especially those from the Middle East.
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