President Jokowi issues directives on land and building acquisition tax facility

President Jokowi issues directives on land and building acquisition tax facility

President Joko Widodo (Jokowi). (ANTARA/Widodo S. Jusuf/P003)

Jakarta (ANTARA News) - President Joko Widodo (Jokowi) issued directives on the Tax on the Acquisition of Land and Building (BPHTB) facility for the issuance of Real Estate Investment Funds (DIRE) at the State Palace, here, Monday.

Coordinating Minister for Economic Affairs Darmin Nasution, State Enterprises Minister Rini Soemarno, Finance Minister Bambang Brodjonegoro, and Bank Indonesia Governor Agus Martowardojo were among those attending the event.

Yogyakarta Governor Sri Sultan HB X, East Java Governor Soekarwo, South Sulawesi Governor Syahrul Yasin Limpo, and Jakarta Governor Basuki Thahaja Purnama, among others, were also present at the palace.

The BPHTB facility for the issuance of DIRE is part of the 11th Economic Policy Package rolled out by the Jokowi administration in March 2016.

The facility aims to reduce the final income tax and BPHTB tariff for several years.

Local administrations are also urged to issue regulations to support the implementation of DIRE in their regions.

DIRE is a means of collecting funds to be invested in real estate.

The funds will be managed professionally by investment managers engaged in the property business.
(Uu.F001/INE/KR-BSR/O001)

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