The following is the calculation method for luxury house prices after the VAT increase: The PPnBM rates vary, with a minimum of 10% and a maximum of 200%. PPnBM belonging to the 20% tax rate group includes luxury residences such as non-stratified title houses and townhouses with a selling price of IDR 20 billion or more, as well as apartments, condominiums, and townhouses with a selling price of IDR 10 billion or more.
If a company or developer sells a luxury house for IDR 20 billion, the house is a taxable item (BKP) subject to VAT and PPnBM of 20%. When the VAT rate is still 11%, the price of the luxury house for the buyer or consumer is: taxable house price IDR 20 billion, VAT: 11% x IDR 20 billion = IDR 2.2 billion, PPnBM: 20% x IDR 20 billion = IDR 4 billion, post-tax house price for the consumer: IDR 26.2 billion. When the VAT rate is 12%, the price of the luxury house for the buyer or consumer is: taxable house price IDR 20 billion, VAT: 12% x IDR 20 billion = IDR 2.4 billion, PPnBM: 20% x IDR 20 billion = IDR 4 billion, post-tax house price for the consumer: IDR 26.4 billion. When the VAT rate on luxury goods increases from 11% to 12%, for example, a luxury house worth IDR 20 billion, the price change is approximately IDR 2 billion, equivalent to 0.76%.
The following is the calculation method for luxury house prices after the VAT increase: The PPnBM rates vary, with a minimum of 10% and a maximum of 200%. PPnBM belonging to the 20% tax rate group includes luxury residences such as non-stratified title houses and townhouses with a selling price of IDR 20 billion or more, as well as apartments, condominiums, and townhouses with a selling price of IDR 10 billion or more.
If a company or developer sells a luxury house for IDR 20 billion, the house is a taxable item (BKP) subject to VAT and PPnBM of 20%. When the VAT rate is still 11%, the price of the luxury house for the buyer or consumer is: taxable house price IDR 20 billion, VAT: 11% x IDR 20 billion = IDR 2.2 billion, PPnBM: 20% x IDR 20 billion = IDR 4 billion, post-tax house price for the consumer: IDR 26.2 billion. When the VAT rate is 12%, the price of the luxury house for the buyer or consumer is: taxable house price IDR 20 billion, VAT: 12% x IDR 20 billion = IDR 2.4 billion, PPnBM: 20% x IDR 20 billion = IDR 4 billion, post-tax house price for the consumer: IDR 26.4 billion. When the VAT rate on luxury goods increases from 11% to 12%, for example, a luxury house worth IDR 20 billion, the price change is approximately IDR 2 billion, equivalent to 0.76%.