What taxes and fees are involved in purchasing property in Bali?

When purchasing property in Bali, there are various taxes and fees that buyers should be aware of. Here are the key taxes and fees involved:

Firstly, the Transfer Tax, or Bea Perolehan Hak Atas Tanah dan Bangunan (BPHTB), applies to property ownership transfers, with rates ranging from 5% to 10% of the transaction value.

Additionally, the Land and Building Tax (Pajak Bumi dan Bangunan - PBB) is an annual tax based on property assessment, typically around 0.5% to 2% of the property's value.

Notary fees are incurred for document preparation, while land agency fees are negotiated based on the property's sale price. Legal and administrative costs cover consultations and registration expenses, while stamp duty may apply to legal documents. Value-Added Tax (VAT) is relevant to certain transactions, set at 10% of the property's sale price, and buyers may also face survey and inspection fees for property assessment.