You are here

Indonesia changes rules on luxury tax for property

Thursday, December 3, 2015 - 05:50

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


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

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom