The Minister of Finance has issued Regulation No. 113/PMK.03/2014 (“FourthAmendment”) to amend Ministerial Regulation No. 36/PMK.03/2007 on Criteria of Modest and Small Houses, Modest Flats,BoroLodges, Student Dormitories, and other Housing that are Exempt from Value Added Tax (“2007 Regulation”).

VAT Exemptions for “Modest-House” Purchases
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