This edition highlights another updated regulation regarding the decrease of income tax on the sale of Ultra Luxury Properties.
This is a further attempt from the Indonesian Government to stimulate the growth of property sector in Indonesia after the Minister of Finance has previously increased the limit on the sale of Luxury Properties that is subject to Sales Tax on Luxury Goods (PPnBM) to IDR 30 billion and above through the issuance of PMK No. 86/PMK.010/2019.
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