On August 8, 2016 the Government issued Government Regulation (PP) No. 34/2016 regarding income tax imposed on income derived from the transfer of rights to land and/or buildings, and from agreement of sale and purchase of land and/or buildings. PP 34/2016 is the replacement of PP No. 71/2008, which was the amendment of PP No. 48/1994. The new PP will come into force starting September 8, 2016. The following is a brief description of the content PP 34/2016.To subscribe please click here