Government officially extends VAT-free home purchase incentives and increases KPR subsidies


Jakarta, VIVA – The government has officially extended the 100 percent state value-added tax benefits from September 1 to December 31, 2024. The government has even increased the KPR special subsidy allocation for low-income communities (MBR) by 34,000 units.

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The head of the Fiscal Policy Agency of the Ministry of Finance, Febrio Caracaribu, said that to encourage property sales, the Government will continue to provide financial incentives to further accelerate economic growth by improving the performance of the construction and housing sectors.

“Especially for MBR, the government increased the subsidized allocation of KPR by 34,000 units. “This policy combination is of course very important to help low-income people who have limited financial capacity and indirectly contribute to the development of the national economy,” Febrio said in his statement on Friday, September 20, 2024.

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Head of the Fiscal Policy Agency (BKF) of the Ministry of Finance, Febrio Kakaribu.

In addition, the Government also offers various incentives for MBRs including Value Added Tax (VAT), Down Payment Assistance Subsidy (SBUM), Administrative Expense Assistance (BBA), Housing Incentive Subsidy (BSPS) and Simple Integrated Housing Subsidy (RST).

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Through the Housing Finance Liquidity Fund (FLPP) program, the Government also provides KPR assistance for the purchase of homes in MBR. The Government is committed to increasing the distribution of the FLPP by 34,000 housing units so that the MBR that can use the subsidized CPR increases from 166,000 to 200,000 families this year.

February continued, in order to accelerate the development of the real estate sector in the last four months of 2024, incentives through the Minister of Finance (PMK) No. 61 of 2024 on additional value-added tax incentives for the delivery of land, houses and apartments. by the Government for the fiscal year 2024.

“Through PMK 61 from 2024, additional 100% DTP facilities will be provided from September 1, 2024 to December 31, 2024,” he said.

“This policy is expected to be able to multiplier effect “This is important for accelerating economic development and strengthening the stability of the national economy in the context of deteriorating global dynamics,” he said.

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“Through PMK 61 from 2024, additional 100% DTP facilities will be provided from September 1, 2024 to December 31, 2024,” he said.

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