Money & tax

Rental and tourism taxes, BI rate, rupiah, investment flows. Bali news for property investors with a takeaway for villa owners.

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October 2026

Money & tax · Denpasar · 3 min read

Denpasar tax audits find Rp 10.12 billion in underpayments

Denpasar's regional revenue agency said on 26 October 2026 that audits as of 21 October found Rp 10.12 billion in unpaid regional tax. It also found that 575 objects in the city's green zones have changed function.

What it means for investors: If you hold property in Denpasar, check that the tax register matches the real use of the object and that PBB-P2 payments are recorded.
Money & tax · Bali · 3 min read

Bali's 2027 draft budget cuts capital spending by 58%

Bali's draft 2027 budget cuts capital spending by 58.1% to Rp 337.8 billion. Legislative factions asked on 26 October 2026 for an explanation, because that money funds infrastructure.

What it means for investors: Lower capital spending could slow new road, utility and other provincial projects.
Money & tax · Bali · 3 min read

Bali economy seen growing up to 5.9% in 2026, Bank Indonesia says

Bank Indonesia's Bali office said on 23 October 2026 in Denpasar that the island's economy could expand by as much as 5.9% this year, up from 5.82% in 2025. The forecast matters for anyone modelling rental income or planning a property purchase on the island.

What it means for investors: A growth forecast is not a villa price forecast, so run the numbers on your own asset.
Money & tax · Indonesia · 4 min read

Indonesia, Bank Indonesia holds rate at 5.75%, lifts deposit rate to 5%

Indonesia's central bank left its benchmark rate at 5.75% on 21 October 2026 but raised the deposit facility rate by 25 basis points to 5%. The package aims to defend the rupiah and bring in foreign capital.

What it means for investors: If your villa costs are paid in rupiah and your income arrives in a foreign currency, the exchange rate feeds straight into your margin.
Money & tax · Bali · 3 min read

Bali, September inflation hits 3.79%, above target, as BI steps up price control

Bank Indonesia's Bali chief Achris Sarwani said on 21 October 2026 that inflation on the island reached 3.79% in September, above the 1.5 to 3.5% target range. The central bank is working with Bali authorities on price stabilization, while consumer confidence stays high.

What it means for investors: Inflation above target means part of your villa running costs, including groceries, services and contractors, may grow faster than your budget assumes.
Money & tax · Indonesia · 3 min read

Indonesia, Bank Indonesia steps up rupiah defence

Indonesia's central bank (BI) said on 19 October 2026 that it is strengthening measures to stabilise the rupiah as global volatility stays high. Governor Destry Damayanti said President Prabowo Subianto told the bank to keep going and to watch how well its stabilisation tools work.

What it means for investors: For a foreign buyer, the rupiah rate changes the price of a property in your own currency.
Money & tax · Badung · 3 min read

Badung, Bali seeks Rp439 million BPHTB tax refunds

Badung's regional revenue agency (Bapenda) has asked for Rp 439,127,985 to be refunded to 12 taxpayers who overpaid the land and building acquisition tax (BPHTB). The money has not been paid, and on 19 October 2026 the district's finance office said it had not yet received the file.

What it means for investors: If a property deal in Badung falls through or the tax is paid twice, keep the payment slip, the contract and the cancellation papers.
Money & tax · Indonesia · 3 min read

Indonesia plans 6% subsidised mortgage for salaries up to Rp 17 million

Indonesia is preparing a rule that would raise the salary cap for subsidised home loans (KPR) to Rp 17 million a month at a 6% interest rate. Housing Minister Maruarar Sirait said so on October 16, 2026, and no launch date has been set.

What it means for investors: For a villa owner in Bali, the programme changes neither taxes nor rental income directly.
Money & tax · Bali · 3 min read

Bali, Bank Indonesia Sizes Up Fuel Shortage Hit to Growth and Inflation

Bank Indonesia's Bali office estimates that seven days of fuel disruption would trim the island's economic growth by about 0.019% and add about 0.018% to inflation. Queues at stations keep growing, from about an hour early this week to reports of two hours or more on 13 October.

What it means for investors: BI's numbers suggest the effect on Bali's economy as a whole is small for now, but rental operators should look at the operational detail.
Money & tax · Gianyar · 3 min read

Gianyar (Ubud) 2027 budget of Rp 3.75 trillion, lawmakers push for tourism revenue

Gianyar's regional parliament, which covers Ubud, took up a draft 2027 budget with Rp 3.75 trillion in revenue on 12 October. Lawmakers want roads, irrigation and school repairs, and they want more of the money to come from tourism, levies and regency assets.

What it means for investors: Our reading.
Money & tax · Bali · 3 min read

Bali Governor Koster Pushes EVs, Accepts Lower Vehicle Tax Revenue

Bali Governor Wayan Koster said on 11 October that he will step up a campaign for electric transport this year. He says he can accept lower vehicle tax income, because vehicles and power plants cause about 90% of the island's air pollution.

What it means for investors: The statement has no direct effect on property values.
Money & tax · Bali · 3 min read

Bali floated as offshore hub for Indonesia's PFII financial center

Speaking in Denpasar on October 11, 2026, Ambara called for Bali to become the core of PFII, Indonesia's planned international financial center. Jakarta has been named the interim site, while a Bali option is still under government review.

What it means for investors: Do not price PFII into a villa's value or rental forecast, since it is only a proposal.
Money & tax · Bali · 3 min read

Bali to host New Asia Forum in December 2026, targeting $30 billion

The New Asia Forum will take place in Bali on December 3-4, 2026, with a goal of channelling $30 billion of investment into Asia, roughly Rp 536.74 trillion. The event is backed by sovereign fund Danantara, and tourism and the creative economy are among its eight focus sectors.

What it means for investors: The $30 billion is a target for the whole of Asia, not money committed to Bali.
Money & tax · Indonesia · 3 min read

Indonesia plans 6% subsidised mortgage for salaries up to Rp 17m

Indonesia's housing minister Maruarar Sirait said on 9 October 2026 that he will meet the finance minister to draft rules for 6% home loans for workers earning up to Rp 17 million a month. The scheme is still under discussion and has no confirmed start date.

What it means for investors: If you are a foreigner buying a leasehold villa, this scheme does not affect your deal, since it targets Indonesian citizens and homes up to Rp 500 million.
Money & tax · Indonesia · 3 min read

Foreign investors net sell Rp 84.99 trillion of Indonesian stocks in 2026

Foreign investors have sold Rp 84.99 trillion more Indonesian shares than they bought since the start of 2026, exchange data up to 9 October show. The IHSG index gained 0.94% last week but is still down 29.79% for the year.

What it means for investors: If your villa earns rupiah but you measure returns in dollars, build currency risk into the model, since the regulator itself flags pressure on the rupiah.
Money & tax · Indonesia · 4 min read

Indonesia's Danantara readies $1 billion for stocks and bonds before MSCI review

Indonesia's sovereign fund Danantara plans to put up to $1 billion, about Rp 17.87 trillion, into equities and bonds before the end of 2026. The move comes ahead of a November MSCI decision on whether Indonesia keeps its emerging market status.

What it means for investors: If you buy in Bali in dollars and earn rental income in rupiah, watch the November MSCI decision and how markets react.
Money & tax · Bali · 4 min read

State bank BTN moves toward digital payments for the Bali tourist levy

State lender BTN has signed a memorandum in Denpasar with the Bali Tourism Board and a private tech partner to accept the foreign tourist levy digitally. Only about a third of foreign visitors paid the Rp150,000 charge in 2025, so the province needs better collection channels.

What it means for investors: The levy is paid by the foreign guest, so it does not change a villa owner's costs.
Money & tax · Indonesia · 3 min read

Indonesia tax office must raise Rp 750 trillion more by end-2026

Indonesia's tax directorate, DJP, needs to collect about Rp 750 trillion between October and December 2026 to hit its budget target. On October 9 in Jakarta it set out its plan to make fuller use of tax data for supervision and audits and to lift revenue from growing sectors, with construction and real estate among those mentioned.

What it means for investors: Reconcile your tax filings with actual rental receipts, including income routed through booking platforms.
Money & tax · Indonesia · 3 min read

Indonesia weighs raising PTKP tax free income threshold

Indonesia's Deputy Finance Minister Juda Agung said on 9 October 2026 that a higher PTKP, the annual income level below which no income tax is due, is still under review. The government's aim is to free minimum wage earners from income tax, but the ministry acknowledges the change could cost the state revenue.

What it means for investors: If your villa runs through a management company or your own PT with hired staff, nothing changes yet, because the Rp 54 million annual threshold still applies.
Money & tax · Indonesia · 4 min read

Indonesia foreign capital inflow hits Rp 131.1 trillion in 2026

Indonesia has attracted a cumulative Rp 131.1 trillion in foreign capital so far in 2026, Finance Minister Suahasil Nazara said on October 9. The money is going into government bonds and central bank paper while equities keep losing funds. The minister sees this as a sign of the appeal of rupiah assets.

What it means for investors: Check which currency your villa price and payment schedule are fixed in.
Money & tax · Indonesia · 3 min read

Indonesia's minister says 8% growth by 2029 needs Rp13,000 trillion of investment

Indonesia's investment and downstreaming minister Rosan Perkasa Roeslani said on 7 October 2026 that hitting 8% economic growth by 2029 will take more than Rp13,000 trillion of investment over five years. The target was set by the planning agency Bappenas, and the minister named job creation as the key test.

What it means for investors: The statement does not change the rules for property buyers in Bali directly.
Money & tax · Buleleng · 3 min read

Bali's Buleleng trails local revenue target by Rp 96 billion

Buleleng Regent Nyoman Sutjidra told agencies in north Bali on 7 October 2026 to speed up collection of the regency's own revenue. By the end of September only 63.33% of the annual plan had come in, leaving a gap of about Rp 96 billion against the quarterly milestone.

What it means for investors: If you own a villa or guesthouse in Buleleng, expect more active checks on local payments.
Money & tax · Bali · 4 min read

Bali company director suspected of Rp3.5 billion VAT underpayment

Bali's tax office has finished investigating a private company director suspected of cutting VAT payments between 2021 and 2023. On 7 October 2026 the suspect and the case file went to prosecutors in Denpasar, with losses to the state put at Rp3.5 billion or more.

What it means for investors: If your villa is rented out through an Indonesian company such as a PT PMA, every tax invoice from contractors and suppliers should be backed by real payments and real work.
Money & tax · Klungkung · 1 min read

Klungkung seeks legal way to restart boat mooring levy

Klungkung wants to bring back the mooring fee at small ports serving the route to Nusa Penida. The levy was stopped after a prosecutor's review, while the regency's revenue target rose to Rp 807 billion.

What it means for investors: If you plan a boat or transfer business serving Nusa Penida, ask the port operator who collects fees and on what legal basis.
Money & tax · Bali · 4 min read

Bali farm KUR loans up 24% to Rp 1.93 trillion in 2026

Subsidised KUR loans to Bali's farmers reached Rp 1.93 trillion in August 2026, up 24% on the same period last year, the provincial treasury office said. Most of the money went to Buleleng, Bangli and Tabanan, regencies where farmland still drives the economy and shapes the views villa buyers pay for.

What it means for investors: If you are looking at a villa beside rice fields, check the RDTR (detailed district zoning plan) and the KKPR for the plot, because some farmland in Bali is protected from development.
Money & tax · Bangli · 2 min read

Bangli hits only 45% of tourism levy target as Kintamani slows

By 30 September 2026 Bangli regency had collected Rp 26.7 billion in tourism levies against a target of Rp 58.8 billion. The main gap is Kintamani, where average daily visitors fell from 1,200 to 900.

What it means for investors: Kintamani is a common day trip for guests staying in Ubud, so falling visitor numbers there matter when judging demand in north Gianyar and Bangli.
Money & tax · Bali · 2 min read

Koster says Bali relies heavily on tourism and revenue sits in the south

Bali's governor told national lawmakers that three regencies generate most of the province's own revenue. He called for new growth centers and a broader economy.

What it means for investors: The figures confirm that rental income is tied to visitor flow, so build a low-season scenario into your calculation.
Money & tax · Badung · 2 min read

Badung asks Jakarta to help fund Rp 2.8 trillion in road projects

Badung's regent asked Indonesia's parliamentary budget committee to secure Finance Ministry support for road projects. The regency is already building key road sections worth about Rp 2.8 trillion with regional loans.

What it means for investors: New roads in South Badung could cut travel times to the airport and beaches, which affects how attractive villas are to guests.
Money & tax · Bali · 2 min read

Bali inflation rises to 3.79% year on year in September 2026

BPS Bali recorded annual inflation of 3.79% in September 2026, above the national target band. Petrol and maintenance services were among the main drivers.

What it means for investors: For a villa owner, inflation shows up in repairs, pool upkeep, staff transport and guest breakfasts.

September 2026

Money & tax · Badung · 1 min read

Badung generates nearly half of Bali's regional taxes

Bali's regional taxes reached Rp10 trillion by August 2026, with Badung collecting Rp4.86 trillion. Gianyar, home to Ubud, contributed 10.56%.

What it means for investors: A 26.1% jump in BPHTB points to more land rights transactions.
Money & tax · Bali · 2 min read

Bali unions push for a Rp 4.5 million minimum wage in 2027

Bali's labour unions want the provincial minimum wage for 2027 raised to Rp 4.5 million a month. It currently stands at Rp 3,207,459, and no decision has been made yet.

What it means for investors: Staff wages for housekeepers, gardeners and security are part of a villa's operating costs.
Money & tax · Indonesia · 2 min read

Bank Indonesia holds BI-Rate at 5.75% in September 2026

Indonesia's central bank kept its benchmark rate at 5.75% on 23 September 2026. Protecting the rupiah was the main reason, which matters to anyone measuring villa income in dollars.

What it means for investors: A high BI-Rate makes rupiah loans more expensive, so contractors and management companies may build that into budgets and fees.
Money & tax · Bali · 2 min read

43% of foreign visitors now pay Bali's tourist levy

The share of foreign tourists paying Bali's Rp150,000 levy rose to 43%, up from 35% in 2025. The province expects around Rp429 billion for the full year.

What it means for investors: The levy is paid by the tourist, not the villa owner.
Money & tax · Bali · 2 min read

Bali's economy grows 5.78% in Q2 2026 as hospitality shrinks

Bank Indonesia's Bali economic report shows 5.78% year-on-year growth in the second quarter of 2026. That beats the national rate, yet accommodation and food services contracted.

What it means for investors: Bali's headline growth rests on construction and farming, while hospitality dipped in the second quarter.
Money & tax · Gianyar · 2 min read

Gianyar passes revised 2026 budget leaning on local revenue

Gianyar's government and regional parliament approved changes to the 2026 budget. Own-source revenue is set at Rp 2.43 trillion, or 71% of all income.

What it means for investors: Almost three quarters of Gianyar's budget comes from local collections, and tourism is a large part of that.
Money & tax · Bali · 2 min read

Bali inflation reaches 3.45% in August 2026

Statistics Bali (BPS) says annual inflation on the island hit 3.45% in August 2026. That sits just below the 3.5% upper limit of the target band.

What it means for investors: Higher fuel and food prices feed quickly into a villa's operating costs, from staff wages to breakfasts and deliveries.

August 2026

Money & tax · Bali · 2 min read

Bali consumer confidence climbs to 126.3 in July 2026

Bank Indonesia's survey shows Bali's consumer confidence index rose to 126.3 in July 2026. That is above the national reading of 116.8.

What it means for investors: Strong consumer optimism supports domestic demand, including weekend and holiday trips by Indonesians to Bali.
Money & tax · Klungkung · 2 min read

Tax office and Bali regencies hunt unregistered businesses

Bali's regional office of the national tax directorate DJP has started joint checks with regency governments. On Nusa Lembongan and Nusa Ceningan, more than half of businesses checked were not registered.

What it means for investors: National and local tax authorities are now sharing business data.
Money & tax · Indonesia · 2 min read

Indonesian home prices up 0.69% in Q2 2026, BI survey shows

Bank Indonesia's survey of the primary housing market shows prices rose only 0.69% year on year in the second quarter of 2026. Sales are still below last year's level.

What it means for investors: The BI survey tracks housing for Indonesian buyers, not the leasehold villa market for foreigners, so its numbers should not be applied to Ubud directly.

July 2026

Money & tax · Bali · 1 min read

Bali tourism taxes reach Rp4.13 trillion in first half

Tourism taxes brought Bali's local budgets Rp4.13 trillion in the first half of 2026, up 8.6% year on year. The land and building acquisition tax BPHTB added Rp743.4 billion.

What it means for investors: Rising PBJT shows authorities are collecting more from rentals.
Money & tax · Bali · 2 min read

Hospitality sector supplies 16.45% of Bali tax office revenue

Bali's DJP tax office collected Rp8.46 trillion in the first half of 2026. Accommodation and food service was the second-largest contributor, while real estate supplied 5.62%.

What it means for investors: Rental income from a villa is taxable in Indonesia regardless of whether the property also pays local PHR.
Money & tax · Indonesia · 2 min read

Indonesia investment tops Rp 1,010 trillion in H1 2026

Indonesia's Ministry of Investment says realised investment reached Rp 1,010.6 trillion in the first half of 2026. Foreign capital accounted for slightly more than half.

What it means for investors: Foreign capital keeps flowing in even in a year of a weak rupiah, but this is a national figure, not a measure of the villa market.

June 2026

Money & tax · Gianyar · 2 min read

Gianyar's own revenue rose to Rp 1.99 trillion in 2025

Gianyar regency reported on its 2025 budget, with PAD rising from Rp 1.68 trillion to Rp 1.99 trillion. Officials credit a push to register new taxpayers.

What it means for investors: The regency openly names taxpayer registration as a driver of revenue growth.
Money & tax · Indonesia · 2 min read

Bank Indonesia lifts rate to 5.75% in June 2026 to defend rupiah

On 18 June 2026 Bank Indonesia raised the BI-Rate by 25 basis points to 5.75%. It was the second hike that month, aimed at steadying the rupiah and inflation.

What it means for investors: Expensive rupiah funding squeezes local contractors and suppliers, so if you buy an off-plan villa, confirm whether the price is fixed and who bears material cost increases.
Money & tax · Bali · 2 min read

Bali investment rises 17.85% to Rp 42.82 trillion in 2025

Bank Indonesia's Bali office says foreign and domestic investment on the island reached Rp 42.82 trillion in 2025. About 88% of it went to the south.

What it means for investors: Capital concentrated in the south means tougher competition among rental villas there.
Money & tax · Indonesia · 2 min read

Rupiah slides to record Rp 18,000 per dollar in June 2026

In early June 2026 the rupiah weakened to Rp 18,000 per US dollar for the first time. It had lost more than 7% since January, the worst performance among Asian currencies.

What it means for investors: If a villa is priced in US dollars and you pay in dollars, your purchasing power in rupiah has gone up.
Money & tax · Bali · 2 min read

Bali bank lending grows 8.19% in Q1 2026, bad loans fall

OJK Bali says bank loans on the island reached Rp 146.47 trillion in the first quarter of 2026. The non-performing loan ratio fell to 2.56%.

What it means for investors: Faster investment lending in tourism and real estate means more bank-financed projects are entering the market.

May 2026

Money & tax · Bali · 2 min read

Bali hotel and restaurant tax rises to Rp2.89 trillion

Bali collected Rp2.89 trillion in PHR between 1 January and 27 May 2026, about Rp300 billion more than a year earlier. The rise came while foreign arrivals dipped amid the Middle East conflict.

What it means for investors: Higher PHR despite fewer arrivals suggests tax offices are collecting more from the same properties.

February 2026

Money & tax · Gianyar · 2 min read

Gianyar scraps land tax on homes, rice fields and gardens

From 2026, Gianyar regency exempts homes, rice fields and dry farmland from PBB-P2 land and building tax. Only commercial property still pays.

What it means for investors: A rental villa counts as commercial property, so PBB-P2 still applies to it.

January 2026

Money & tax · Bali · 2 min read

Bali investment 2021-2025: Russia ranks third among source countries

Indonesia's deputy investment minister says Bali drew Rp 123.65 trillion of investment from 2021 to 2025, with foreign capital making up more than half. Russia ranked third by value.

What it means for investors: A large share of projects lacking full permits means document checks matter more than price or promised yield.
Money & tax · Bali · 2 min read

Bali Ombudsman calls for clear tourist levy service rules

Bali's Ombudsman asked the provincial government to adopt a formal service standard for the foreign tourist levy. Visitors face repeated checks and unclear payment rules.

What it means for investors: If you rent your villa to foreigners, guests may ask your manager about the levy.

July 2025

Money & tax · Bali · 2 min read

Six Bali regencies trade new hotels for a share of PHR

Six Bali regencies agreed to stop encouraging new hotel and restaurant development from 2026. In return they want part of the PHR collected in Badung, Denpasar and Gianyar.

What it means for investors: For owners in Gianyar the tax rate does not change, only how collected money is shared.

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