Govt. Plans 2.4 Pct Self-Construction Tax Starting January 2025
SEAToday.com, Jakarta - The government will increase the amount of Value Added Tax (VAT) for self-build or without a contractor to 2.4 percent from January 2025. This is an increase of 0.2 percent from the current rate of 2.2 percent. People who plan to build a house without a contractor are advised to prepare for additional costs related to this policy.
The VAT hike is part of a broader plan to increase the general VAT rate from 11 percent to 12 percent as outlined in Law No. 7 of 2022 on Tax Harmonization. The current VAT rate for self-built homes is governed by Finance Minister Regulation No. 61 of 2022.
The VAT applies to both new construction and extensions to existing buildings. However, not all construction activities are subject to VAT, but specific requirements must be met.
Recommended Article
Insight Indonesia
President Prabowo Leads Meeting on Downstream Industry Accelerati...
President Prabowo Subianto held a limited meeting with several cabinet ministers at his residence in Hambalang, Bogor
Japan's Prime Minister Supports Indonesia to Become a Member of O...
Japan's Prime Minister, Shigeru Ishiba, expressed his support for Indonesia's efforts to become a full member of the Organization for Economic Cooperation and Development (OECD), which currently consists of 38 countries...
Muhammadiyah: Ramadan 2025 Begins March 1, Eid Falls on March 30
Muhammadiyah Central Leadership (PP), Tuesday (7/1), officially set the beginning of Ramadan 1446 Hijri on March 1, 2025. Meanwhile, Eid al-Fitr or Lebaran will fall on March 30, 2025.
Ministry of Religious Affairs: 2025 Hajj Departure Begins Early M...
The Ministry of Religious Affairs (Kemenag) issued a travel plan for the 1446 Hijri/2025 Hajj pilgrimage after previously deciding on the Hajj Implementation Fee (BPIH) with the Hajj Working Committee (Panja) of the Hous...
Popular Post
SOEs Ministry Tries Out Four Days in Workweek System
The State-Owned Enterprises (SOEs) Ministry is testing the implementation of a four-day workweek. This was shared on Instagram @lifeatkbumn on Saturday (6/8).
TransJakarta Extends Operational Hours of Soekarno-Hatta Airport...
TransJakarta extended its service time until midnight for the corridor with destination to the Soekarno-Hatta International Airport, starting Wednesday (6/19).
Trending Topic
Weather Forecast
The Meteorology, Climatology, and Geophysics Agency (BMKG) Predic...
The Meteorology, Climatology, and Geophysics Agency (BMKG) predicts that high-intensity rainfall will continue until March 11. Although a slight decrease in intensity is expected in the coming days due to weather modific...
Weather Forecast: Light Rain Across Jakarta on Thursday Afternoon
The Meteorology, Climatology, and Geophysics Agency (BMKG) forecasts that all areas of Jakarta will experience light rain on Thursday (2/13) afternoon.
Jakarta Weather Forecast: Rain in the Morning, Clouds Throughout...
The Meteorology, Climatology, and Geophysics Agency (BMKG) has forecasted light rain in several areas of Jakarta on Tuesday morning, including West Jakarta, Central Jakarta, East Jakarta, North Jakarta, and the Thousand...
Weather Forecast: Light Rain Expected in Parts of Jakarta on Mond...
The Meteorology, Climatology, and Geophysics Agency (BMKG) predicts that several areas in Jakarta will experience light rain on Monday (2/10) morning.
