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Indonesia to Waive VAT on New Homes to Spur Property Sales Bloomberg 3/1/2021 Grace Sihombing and Arys Aditya © Bloomberg Workers labor in front of residential buildings in the Bumi Serpong Damai (BSD) City area of Tangerang, Banten, Indonesia, on Saturday, Aug. 11, 2018. As Wednesday s policy decision approaches, Bank Indonesia finds itself under pressure to raise the benchmark rate again even after increasing it by a combined 100 basis points since mid-May to stem a slide in the currency. (Bloomberg) Indonesia will waive value-added taxes on new home sales, its latest move to spur property investments and jumpstart economic activity. Popular Searches The government will shoulder the VAT on new landed houses and apartments priced below 2 billion rupiah ($140,300), while VAT will be reduced by half for properties costing 2 billion to 5 billion rupiah, Finance Minister Sri Mulyani Indrawati said Monday. Buyers can use the perk for only one property, w

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