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 Tax on capital gains

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leeloo
Lombok Virgin


Number of posts : 5
Location : Kuta
Registration date : 2010-03-22

PostSubject: Tax on capital gains   Fri Sep 03, 2010 10:18 am

Hi There,

Does anybody know about the taxation on capital gains when selling a property in Lombok? What is the exact rate?

Thank you guys!

Cheers
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Jonathan Matterson
Lombok Virgin
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Number of posts : 11
Location : Australia
Registration date : 2010-10-07

PostSubject: Taxation on capital gains   Thu Oct 07, 2010 10:42 am

Yeah this one is interesting. The tax on capital gains goes a bit like this.

If your a private individual owning land there is no CG on on the profit on the sale on the land.

You will need to pay a 5% sellers tax and the buyer also pays a similar 5% to the government.

If your a company and make capital gain on land the profit is taxable at Indonesian company rates. Now refer to the next line with a small clause.

Please double check the above with a legal professional before acting on this info!!!!!

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