Jakarta governor exempts taxes for property valued below Rp 2 billion

Anies Baswedan speaks to the media during his Jakarta gubernatorial campaign on Jan 9, 2017. - JP

JAKARTA (The Jakarta Post/Asia News Network): Jakarta Governor Anies Baswedan has introduced additional exemptions from the urban and rural land and building tax (PBB-P2) for land and buildings with a taxable value of property (NJOP) of less than Rp 2 billion (US$134,979).

Anies launched the new PBB-P2 exemptions, stipulated in Gubernatorial Decree No. 23/2022, during the Independence Day celebrations on Wednesday (Aug 17), saying the policy was aimed to boost social justice.