This Is The Criteria For Recipients Of VAT Acquisition Incentives And Home Administration

Illustration (Dok Photo. Presidential Secretariat)

YOGYAKARTA The government will provide two housing purchase incentives. The incentive is in the form of an 11 percent Value Added Tax (VAT) exemption for housing at a certain price, and administrative money assistance for low-income housing (MBR). Check out the criteria for receiving VAT exemption incentives and home administration.

Previously, President Joko Widodo (Jokowi) stated that the government would provide relaxation in the property sector.

Jokowi said the government would bear the tax cost of increasing the value for each purchase of a house and free administration costs of IDR 4 million.

"Providing incentives to the property and housing world to maintain our economic momentum. We may decide that VAT is borne by the government," Jokowi said at the BNI Investor Daily Summit 2023 in Central Jakarta, Tuesday, October 24, 2023.

"For housing where people are low-income, whose economy is below, administrative assistance will also be provided. The Rp4 million (administrative costs for buying MBR houses) is borne by the government so that it will trigger our economy," said Jokowi again.

VAT exemption incentives and home administration costs are given to low-income people (MBR).

The classification of MBR is explained in the decision of the Minister (Kepmen) of PUPR Number 22/KPTS/M/2023, with the following details:

In addition to the above criteria, MBR must meet other requirements to get incentives for exemption from the imposition of VAT, such as not having a tax debt and having reported an Annual Notification Letter (SPT) of income tax (PPh) for the last 2 years of taxation and SPT for the last 3 tax period which is an obligation for individuals who have a Taxpayer Number (NPWP).

For information, the decision to provide relaxation to the property industry was taken at a Limited Meeting (Ratas) held at the Presidential Palace on Tuesday, October 24, 2023.

Coordinating Minister for the Economy Airlangga Hartarto said the incentive was given to encourage the growth of the property industry.

"In a follow-up meeting related to VAT for housing, especially to encourage the housing sector with low GDP, down 0.67 percent and construction 2.7 percent," said Airlangga after Ratas.

The two sectors, continued Airlangga, contributed to GDP reaching 14-16 percent, as well as the number of workers in the sector reaching 13.8 million people. As well as tax contributions reaching 9.3 percent and Regional Original Revenue (PAD) at 31.9 percent.

"The President requested that the VAT program be carried out borne by the government for the purchase of houses and property under 2 billion will apply 100 percent VAT," said Airlangga.

The VAT exemption program for the purchase of houses will be valid until the end of 2024. However, the amount of incentives provided will decrease in June 2024.

"VAT borne by the government for the purchase of houses or property under 2 billion will apply 100 percent VAT in government responsibility until next June. After June 50 percent is borne by the government," said Airlangga.

Demikian informsi tentang kriteria penerima insentif pembebasan VAT dan administrasi rumah. Get an update pemilihan lainnya hanya di VOI.ID.