{"id":162058,"date":"2019-06-25T23:09:00","date_gmt":"2019-06-25T16:09:00","guid":{"rendered":"https:\/\/setkab.go.id\/?p=162058"},"modified":"2019-06-26T14:09:52","modified_gmt":"2019-06-26T07:09:52","slug":"govt-lowers-income-tax-on-sales-of-luxury-house-motor-vehicles","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/govt-lowers-income-tax-on-sales-of-luxury-house-motor-vehicles\/","title":{"rendered":"Gov\u0092t Lowers Income Tax on Sales of Luxury House, Motor Vehicles"},"content":{"rendered":"<p><a href=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2019\/06\/Rumah-Mewah-1.jpg\" rel=\"attachment wp-att-162059\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-162059\" src=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2019\/06\/Rumah-Mewah-1-300x202.jpg\" alt=\"Rumah-Mewah\" width=\"300\" height=\"202\" srcset=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2019\/06\/Rumah-Mewah-1-300x202.jpg 300w, https:\/\/setkab.go.id\/wp-content\/uploads\/2019\/06\/Rumah-Mewah-1-150x101.jpg 150w, https:\/\/setkab.go.id\/wp-content\/uploads\/2019\/06\/Rumah-Mewah-1.jpg 553w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The Government has decided to lower Income Tax (PPh) on the sales of homes and apartments worth above Rp30 billion and motor vehicles worth above Rp2 billion to 1 percent and 5 percent respectively.<\/p>\n<p>The decision is stated in Regulation of Minister of Finance Number 92\/PMK.03 of 2019 on the Second Amendment to Regulation of Minister of Finance Number 253\/ PMK.03 of 2008 on Certain Entity Taxpayers as Collector of Income Tax from the Purchase of Goods Sales classified as Very Luxurious. <!--more--><\/p>\n<p>Under the regulation, goods classified as very luxurious which are subject to 1 % (one percent) of income tax include houses and their land with a selling price of the transfer price of more than Rp30,000,000,000.00 (thirty billion rupiah) over a building area of ??more than 400m<sup>2<\/sup> (four hundred square meters); apartments, condominiums and the like with a selling price or its transfer of more than Rp30,000,000,000.00 (thirty billion rupiah) over a building area of ??more than 150m<sup>2<\/sup> (one hundred fifty square meters).<\/p>\n<p>Meanwhile, four-wheeled motorized vehicles transporting people less than 10 people with a selling price of more than Rp2, 000,000,000.00 (two billion rupiah) or with a cylinder capacity of more than 3,000cc; and two- and three-wheeled motorized vehicles with a selling price of more than Rp300,000,000.00 (three hundred million rupiah) or with a cylinder capacity of more than 250cc are subject to 5% (five percent) of tax.<\/p>\n<p>Income tax as intended may be calculated as payment of income tax in the current year for taxpayers who purchase goods classified as very luxurious.<\/p>\n<p>\u0093This Regulation of Minister of Finance shall take effect from the date of its promulgation,\u0094 reads Article 2 of Regulation of Minister of Finance Number 92\/PMK.03\/2019 signed by Minister of Finance Sri Mulyani on 19 June 2019 and was promulgated by Director General of Laws and Regulations Widodo Ekatjahjana on 19 June 2019. (Ministry of Finance PR\/ES)<\/p>\n<p>Translated by: Muhardi<\/p>\n<p>Edited by: M. Ersan Pamungkas<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government has decided to lower Income Tax (PPh) on the sales of homes and apartments worth above Rp30 billion and motor vehicles worth above Rp2 billion to 1 percent and 5 percent respectively. The decision is stated in Regulation of Minister of Finance Number 92\/PMK.03 of 2019 on the Second Amendment to Regulation of [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":162059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-162058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v26.1.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gov\u0092t Lowers Income Tax on Sales of Luxury House, Motor Vehicles - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/govt-lowers-income-tax-on-sales-of-luxury-house-motor-vehicles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u0092t Lowers Income Tax on Sales of Luxury House, Motor Vehicles - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"The Government has decided to lower Income Tax (PPh) on the sales of homes and apartments worth above Rp30 billion and motor vehicles worth above Rp2 billion to 1 percent and 5 percent respectively. 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