LAND & PROPERTY TAX
Land and buildings are two assets that can be transferred to other parties in two ways, namely: sale and purchase, and lease. In Indonesia itself, there are laws that regulate the taxes that should be paid on transactions both buying and selling and leasing land and/or buildings. Both transactions have different types and tax rates.
Problems that often arise are usually the parties involved in transactions, both buying, selling, or leasing, do not yet know the tax obligations arising from these transactions due to limited information about tax regulations and the assumption that taxes are difficult and complicated. Therefore, it sometimes causes a long and time-consuming debate between the parties due to the existing limitations.
The problems that occur are basically not something that should be debated because these problems are very easy to find solutions for. We can assist you in resolving issues related to land and building transactions as a mediator for the parties involved, especially regarding the tax. The advantages of our company, we can help provide solutions to problems without having to experience prolonged and time-consuming debates, provide detailed and clear information about what taxes will arise, and parties who have tax obligations, and do the tax reporting.
Disclaimer
The information provided here is based on our long experience. The process or requirement may vary depending on the specific facts and conditions. Besides, the law and regulations in Indonesia subject to frequent changes. Please contact us as your consultant to get an up to date information and accurate advice. More Information click here and You can also follow our social media accounts to see the latest information posts. please click on the following links: Facebook, Instagram, Linkedin, and Twitter.
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FAQ
Land and property tax, also known as PBB (Pajak Bumi dan Bangunan), is a tax levied on land and buildings in Indonesia. Property owners, including individuals, companies, and other entities, are responsible for paying this tax.
Various types of properties are subject to land and property tax in Indonesia, including residential properties, commercial buildings, industrial facilities, vacant land, and agricultural land.
Land and property tax in Indonesia is calculated based on the taxable value of the land and buildings owned by the taxpayer. The taxable value is determined by the government authorities and is usually based on the property's size, location, and market value.
The deadline for paying land and property tax in Indonesia varies depending on the local regulations and tax office policies. Property owners typically receive a tax bill with a specified due date for payment.
Failure to pay land and property tax on time in Indonesia may result in penalties, fines, and legal actions by the tax authorities. Property owners should ensure timely payment to avoid these consequences.
Additional information and assistance regarding land and property tax in Indonesia can be obtained from the local tax office, official government websites, tax consultants, or legal advisors specializing in property taxation matters. Property owners can also attend seminars or workshops to learn more about their tax obligations and rights.