Government to Taper off Government Bourne Value Added Tax Incentive in June 2023 | KF Map – Digital Map for Property and Infrastructure in Indonesia
Government to Taper off Government Bourne Value Added Tax Incentive in June 2023
Tuesday, 11 June 2024

The Head of the Fiscal Policy Agency (BKF) at the Ministry of Finance, Febrio Kacaribu, revealed that the Government Borne Value Added Tax (PPN) incentive has stimulated 2023 economic growth and contributed 0.1% to the Gross Domestic Product (PDB). The government will continue the incentive by tapering it to 50% starting from June 2024. The incentive is given to stimulate the decline in the residential sector and the construction sector at 0.67% and 2.7%, respectively.

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