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Indonesia changes rules on luxury tax for property

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Mr Bambang Brodjonegoro had repeatedly said that the old rule was not fair.

Jakarta

INDONESIA has changed the way it applies luxury tax to certain apartments and houses by basing it on value instead of size, in a move that may clear up uncertainty plaguing the property sector.

A house with a sale price of 20 billion rupiah (S$204,000) or above is now

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