Perumnas: Extension Of VAT-Free Incentives Is The Motivater For The Growth Of The Indonesian Property Sector

Illustration. (Photo: Doc. Antara)

Perum Perumnas said the extension of tax incentives in the form of a 100 percent value added tax exemption (VAT) for housing purchases until December 2024 would be a significant stimulus to encourage growth in the property sector in Indonesia.

Deputy President Director of Perum Perumnas Tambok Setyawati said the tax incentive could relieve low-income people (MBR), as well as from the millennial segment and generation Z or gen Z to own a house.

"The extension of the 100 percent VAT free tax incentive for the purchase of houses does not only provide direct benefits for people who want to own houses, but also plays an important role as a stimulus for the overall growth of the property sector," he said in a statement in Jakarta, quoted from Antara, Wednesday, September 18.

Tambok is optimistic that this policy will encourage increased residential marketing, especially products developed in various strategic locations, such as in Samesta housing from Perumnas with an integrated concept with public transportation or transit oriented development (TOD).

Furthermore, this incentive can encourage the interest and desire of the community to immediately own a house, so that it can ultimately reduce the housing backlog in Indonesia, which is now recorded at 9.9 million units, according to data from the 2023 BPS National Agency's National Agency (Susenas).

Therefore, the relaxation of VAT is a good momentum for Perumnas to increasingly target young people to buy housing with the concept of TOD directed by Perumnas.

In order to welcome this opportunity, Perumnas also complements it with various other attractive promos to make it easier for people to have housing.

These promos are designed so that people can enjoy various conveniences in payment schemes, special discounts, and other attractive offers that make it easier for people to own.

"We believe that this step by the government will have a broad positive impact, not only on property industry players, but also on the national economy as a whole," he said.

Tambok also said that Perumnas is committed to continuing to support the government's efforts to strengthen the property sector as one of the main pillars of Indonesia's economic growth.