New Provisions on BPHTB Facilities in Jakarta

The Governor of the Special Capital Region of Jakarta (“ Governor ”) has issued Regulation No. 126 of 2017 on the 0% (Zero Percent) Imposition of Acquisition of Land-and-Building-Rights Duty Fees Due to Sale-and-Purchase Activities for First-Time Land-Rights Entitlements with Tax-Object Acquisition Values of up to IDR 2,000,000,000.00 (Two Billion Rupiah) (“ Regulation 126/2017 ”), which will serve as a set of guidelines through which individual taxpayers will be able to obtain a facility which covers the 0 % Imposition of acquisition of land-and-building-rights duty fees (bea perolehan hak atas tanah dan bangunan‑ “ BPHTB ”).