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On November 21, 2023, the government issued a Minister of Finance Regulation (PMK) that plays an important role in supporting Indonesia’s housing industry. The PMK is PMK Number 120 of 2023 concerning Value Added Tax (VAT) on the provision of land and housing that must be paid by the government in fiscal year 2023. PMK 120/2023 was issued with the aim of encouraging national economic growth in the dynamics of the global economy and expanding the purchasing power of the housing industry community. This regulation is a concrete step by the government in providing incentives to the public through state-funded VAT or so-called VAT DTP in 2023.
Types of Housing under VAT DTP 2023
Based on Article 2 paragraph (1) of PMK 120/2023, there are two types of housing that receive VAT DTP incentives in fiscal year 2023, namely qualified landed housing and apartments. In addition, Section 2(2) and (3) provide definitions of single-family dwellings and housing units. A single-family house is a building in the form of a housing complex or a housing complex other than a one-story building, and includes several apartments used as offices or shops. Meanwhile, a housing unit is a dwelling unit that functions as a residence.
When to submit VAT DTP 2023
In accordance with Article 3 paragraph (1) of PMK 120/2023, the VAT incentive borne by the state is paid at the time of signing the complete sale and purchase deed (AJB) or sale and purchase agreement (PPJB) in front of a notary. delivery. . The transfer of the right to use a residential building or apartment must also be proven by the Berita Acara Penyerahan (BAST) from November 1, 2023 to December 31, 2024. The BAST certification to receive the 2023 VAT DTP incentive must at least include the following:
Name of the seller’s Taxable Entrepreneur (PKP) and NPWP.
Buyer’s name and NPWP/NIK
Delivery date
House ID code
Sealed statement that the building handover has been completed
Handover protocol number. BAST must register with the Ministry of PUPR or the application of the Public Housing Savings Organizing Agency (BP Tapera) no later than the end of the month following the month of handover.
Requirements for receiving VAT DTP 2023
VAT DTP can be used by individuals to purchase land or apartments. The person is an Indonesian citizen (WNI) who has an NPWP/NIK or a foreign citizen (WNA) who has an NPWP and meets the requirements for land or apartment ownership for foreigners.
In order for an individual to obtain the 2023 VAT DTP incentive for the provision of land or housing under Article 4, two conditions must be met:
Details can be accessed at the following link:
https://jdih.kemenkeu.go.id/in/dokumen/peraturan/eb75015a-bd00-49e8-d226-08dbec919005
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