Property Tax
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- Property tax, also known as Pajak Bumi dan Bangunan (PBB), is a tax imposed on the ownership of property in Indonesia. The tax rate varies depending on the location and type of property, but typically ranges from 0.5% to 2% of the property’s taxable value per year.
Capital Gains Tax (CGT):
- CGT is levied on the sale of a property in Indonesia. The tax rate for CGT is typically 20% of the sale price, but can vary depending on the type of property and the length of time it was owned.
Inheritance Tax:
- Inheritance tax, also known as Pajak Warisan, is imposed on the transfer of property through inheritance in Indonesia. The tax rate can vary depending on the relationship of the inheritor to the deceased, but typically ranges from 5% to 20%.
Gift Tax:
- Gift tax, also known as Pajak Hadiah, is imposed on the transfer of property through gift in Indonesia. The tax rate can vary depending on the relationship of the gifter to the recipient, but typically ranges from 5% to 20%.
Tax on Property Income
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- Tax on property income, also known as Pajak Penghasilan (PPh) Pasal 23, is imposed on rental income earned from a property in Indonesia. The tax rate is typically 2.5% of the rental income, but can vary depending on the type of property and the length of time it was rented out.
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Are there any tax advantages in buying a house in Indonesia?>
- Yes, there are tax advantages to buying a house in Indonesia. For example, property tax rates are generally lower for primary residences than for rental properties. Additionally, the government has implemented various tax incentives for property development, such as tax holidays and reduced tax rates for certain types of property.
Please note that tax laws and regulations are subject to change, and it is always best to consult with a local tax expert or accountant for the most current and accurate information.