TEMPO.CO, Jakarta - The Finance Ministry has decided that starting on May 30, 2015, sales of luxurious houses and apartment units in Indonesia will be subjected to luxurious goods tax (PPnBM).
"The Finance Ministry will apply sales tax for various luxurious goods starting on May 30, 2015, including houses worth more than Rp 5 billion," said Erwin Priyambodo, Head of the Counseling, Services and Public Relation Divison of the Directorate General of Tax Office for Central Sulawesi, North Sulawesi, Gorontalo, and North Maluku, on Friday, May 29, 2015.
Erwin said that the provision on the PPnBM is regulated under the Finance Minister Regulation No. 90/PMK.03/2015 dated April 30, 2015.
Erwin explained that the amount of tax that will be applied on a certain luxurious good is five percent of its sales value.
Erwin expected that the new policy will increase the government's tax revenue in an effort to meet the tax income target in 2015, which was set at Rp 1,295 Trillion.