A man walks on Jan. 26 past the Sentra Mulya Jaya low-cost apartment in Cipayung, East Jakarta. Built as a joint project managed by the Social Affairs Ministry and the Public Housing Ministry, the apartment is available for low-income families to rent at Rp 100,000 (US$6) per month. - Photo: Antara
JAKARTA: he government may want to consider extending its 100 percent waiver on value added tax (VAT) for property sales to maintain demand amid a prolonged high interest rate environment, property consultancy Colliers Indonesia said on Wednesday (July 3).
The full waiver ended in June with the government only providing a half of tax cut in the second half of this year.
