Indonesia to introduce new tax breaks on property, car sales | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 19%
  • Publisher: 86%

JAKARTA, Jan 17 — Indonesia will introduce new tax breaks on property and automotive sales this year in a bid to accelerate its economic recovery from the Covid-19 pandemic as authorities prepare for the spread of the Omicron variant, top officials said yesterday. New coronavirus infections in...

Malaysia Headlines News

Malaysia Latest News, Malaysia Headlines

JAKARTA, Jan 17 — Indonesia will introduce new tax breaks on property and automotive sales this year in a bid to accelerate its economic recovery from the Covid-19 pandemic as authorities prepare for the spread of the Omicron variant, top officials said yesterday.

The government will provide a 50 per cent discount on value added tax for sales of homes valued under 2 billion rupiah and a 25 per cent discount on VAT for homes valued between 2 billion rupiah to 5 billion rupiah until June, Coordinating Minister of Economic Affairs Airlangga Hartarto said in a virtual briefing.

The government had provided tax breaks for property and car sales last year under different schemes, which had expired in December. “The government has prepared drugs. 400,000 tablets have arrived and the plan is for production in Indonesia by March or April,” Budi said, referring to the arrival and production plan of the anti-viral pill molnupiravir, which was jointly developed by US-based Merck & Co Inc and Ridgeback Biotherapeutics.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia reports over 1,000 daily Covid-19 cases, highest in 3 months | Malay MailJAKARTA, Jan 15 — Indonesia reported 1,054 new Covid-19 cases today, the highest daily increase in three months, as the government braces for a new wave of coronavirus infections driven by the spread of the Omicron variant. The world’s fourth most populous country grappled with a devastating...
Source: malaymail - 🏆 1. / 86 Read more »

UK government to cut funding for BBC, according to Mail on Sunday report | Malay MailLONDON, Jan 16 — Britain’s government will cut the BBC’s funding by ordering a two-year freeze on the fee that people pay to watch the broadcaster, the Mail on Sunday reported. The future of the licence-payer funded British Broadcasting Corporation is a perpetual topic of political debate,...
Source: malaymail - 🏆 1. / 86 Read more »

Indonesian student’s selfies fetch US$1m in NFT sales | Malay MailSEMARANG, Jan 16 — An Indonesian college student has become an internet sensation after trade in the digital rights to his selfies fetched more than US$1 million (RM4.2 million) on a platform for non-fungible tokens. Sultan Gustaf Al Ghozali, who studies computer science at a university in the...
Source: malaymail - 🏆 1. / 86 Read more »

Revved up US demand for used cars sends prices soaring | Malay MailJAN 16 — The used car market in the United States is seeing an unprecedented phenomenon: owners selling vehicles for as much or more than they paid for them. The strange twist comes as a global shortage of computer chips amid the Covid-19 pandemic has stalled auto manufacturing, fuelling a price...
Source: malaymail - 🏆 1. / 86 Read more »

Italian fashion pioneer Nino Cerruti dies aged 91 | Malay MailROME, Jan 16 — Pioneering Italian fashion designer Nino Cerruti, who introduced “casual chic” into men’s fashion and in his heyday dressed Hollywood stars, has died at the age of 91. He died at the Vercelli hospital in the northwest region of Piedmont, where he had been admitted for a hip...
Source: malaymail - 🏆 1. / 86 Read more »

Mbappe scores as PSG extend mammoth Ligue 1 lead | Malay MailPARIS, Jan 16 — Kylian Mbappe scored the opening goal as Paris Saint-Germain saw off Brest 2-0 at the Parc des Princes on Saturday to stretch their lead at the top of Ligue 1 to 11 points. Mauricio Pochettino’s men, who missed out on the title last season to Lille, had drawn four of their five...
Source: malaymail - 🏆 1. / 86 Read more »