JAKARTA. Those who have investment portfolio in the form of lands should be alert. Likewise, those who want to acquire vacant lands also no need to be rush in expanding the land investments. That is because the government is arranging new tax rules in the land sector. The future regulation is part of the program of President Joko Widodo in terms of equitable economy. According to the Coordinating Minister of Economic Affairs Darmin Nasution, this policy has three pillars, namely land-based policy, opportunity-based policy, and human resources improvement-based policy. In terms of land sector, the government is planning to impose progressive tax on the ownership of idle land in a significant number. The government argues, public have increasingly invested in land. However, instead of generating profits through productive activities over the land, they merely expect for the land price rise to reap profits.
New tax scheme for land speculators
JAKARTA. Those who have investment portfolio in the form of lands should be alert. Likewise, those who want to acquire vacant lands also no need to be rush in expanding the land investments. That is because the government is arranging new tax rules in the land sector. The future regulation is part of the program of President Joko Widodo in terms of equitable economy. According to the Coordinating Minister of Economic Affairs Darmin Nasution, this policy has three pillars, namely land-based policy, opportunity-based policy, and human resources improvement-based policy. In terms of land sector, the government is planning to impose progressive tax on the ownership of idle land in a significant number. The government argues, public have increasingly invested in land. However, instead of generating profits through productive activities over the land, they merely expect for the land price rise to reap profits.