Finance Minister Sri Mulyani Announces Tax Relief Measures for Property Owners
- Viva.co.id
Siap –Finance Minister Sri Mulyani Indrawati has implemented tax reduction measures for land and building (PBB) in various sectors, as outlined in Financial Minister Regulation (PMK) Number 129 of 2023.
The regulation aims to provide legal certainty and enhance administrative governance, ease, and service in granting property tax reductions.
According to Article 2 of the regulation, the minister has the authority to grant tax reductions to taxpayers obligated to pay taxes, making them taxpayers under the Land and Building Tax Law.
The reduction can be requested by taxpayers or granted by default.
PMK 129/2023 delegates the authority to grant property tax reductions to the Director General of Taxation.
The reduction is applicable under specific conditions related to the taxpayer and when the property faces natural disasters or other extraordinary circumstances.
The specific conditions include ownership, control, or utilization of the property by taxpayers experiencing difficulties in settling property tax obligations.
