Government Continues the Incentives for the Property Sector | KF Map – Digital Map for Property and Infrastructure in Indonesia
Government Continues the Incentives for the Property Sector
Monday, 11 December 2023

he government continues to boost the property sector by providing fiscal or incentive supports through the Ministry of Finance with a total value of Rp3.7 trillion for the 2024 and 2025 period. The total incentive value will be allocated for commercial housing, housing for the low income segment (MBR), and the underprivileged. The government has also implemented the Minister of Finance Regulation (PMK) No. 120/2023 regarding Value Added Tax for Landed House and Apartment Borne by the Government (PPN DTP) for the 2023 Budget Year.

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