Indonesia to Extend Tax Perk for New Homes to December: Kontan

Govt to bear 100% of value-added taxes on certain new house purchases until December, reports local news outlet Kontan, citing Coordinating Economic Minister Airlangga Hartarto.

• NOTE: Previously, govt planned to bear only 50% of VAT for such purchases after June
  • Indonesia to Waive VAT for House Purchases Below 2B Rupiah
• Policy to guard purchasing power of middle class, Hartarto says

To contact the reporter on this story:
Norman Harsono in Jakarta at nharsono@bloomberg.net

To contact the editors responsible for this story:
Claire Jiao at cjiao5@bloomberg.net

Grace Sihombing

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