Tax and legal aspects

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After defining the target audience and analyzing the market, a project concept is created. It includes an understanding of the needs of the target audience, their “pains” and “enemies”, as well as the ways in which the project helps to cope with these problems. Architects prepare technical and economic indicators (TEIs) of the project, which allows for the development of a financial model.



When drawing up a financial model, it is important to vietnam telegram database take into account the tax obligations of all parties to the transaction - from the developer to the investor. Including taxes in the financial model helps to avoid an unexpected decrease in the project's profitability. For example, in Indonesia , since the fall of 2022 , a law has been in effect that exempts investments from taxes until the completion of construction. If the investor leaves the project before its completion, he does not pay tax. In the case of purchasing a finished property, the tax is 11% of the transaction amount.

Developers are also required to pay VAT on a certain amount of revenue or net profit. Tax planning helps minimize costs, but each financial model requires individual development.

Among the legal aspects, the key one is leasehold - land lease. It is important to ensure guaranteed lease extension and high project payback.

Over time, as the lease term shortens, the liquidity and value of the property decreases, which must be taken into account when planning.