latest update
VAT DOES NOT INCREASE! VAT-free goods/services remain at 0%, 11% VAT remains unchanged, and 12% VAT is only for luxury goods (private aircraft, yachts, property >Rp30 billion, luxury vehicles). Stimulus 2025 remains in place, such as rice assistance, 50% electricity discount, MSME income tax exemption
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PLN UID Banten Hadirkan SPKLU di Gerbang Tol Rangkasbitung
Minister of Finance @smindrawati finally answered the certainty regarding the 12 percent VAT rate. According to her, the increase in the VAT rate from 11 percent to 12 percent will still be carried out in accordance with the Tax System Harmonization Law (HPP Law). This means that the 12 percent VAT rate will take effect immediately on January 1, 2025.
The government has made it easier for foreigners to buy property in Indonesia with just a passport. In Tanjung Lesung SEZ, Banten, villa prices start at IDR 700 million. Foreigners can buy in their own name, free of luxury tax, without a minimum price requirement, and get a KITAS that can be upgraded to KITAP.
Tanjung Lesung SEZ offers villas in two clusters: Villa Kalicaa and Ladabay Village, with an area of 189 m2 to 535 m2. These villas can be used personally or rented out for passive income, with rental and maintenance services provided by Tanjung Lesung.
The beginning of 2024 is considered the right moment to buy a villa in Tanjung Lesung SEZ, along with the planned completion of the Serang-Panimbang Toll Road at the end of the year. The development of Tanjung Lesung as the largest sea tourism city near Jakarta attracts the upper class, thanks to its 170 km distance and fresh air. Villas in this area offer recreation, rental potential, rising land prices, and retirement living.
Translated with DeepL.com (free version)