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Indonesian Hotels Taxes: 4 Kind Of Taxes You Must Know!

There is nothing certain in the world but death and taxes. Dealing with Indonesian Hotels Taxes, if you want to invest or operate a hotel, you must remember to pay these taxes to the government and the municipalities where your hotel is situated. These are the 4 taxes that hotels must pay in Indonesia: Property Taxes Value Added Tax (VAT) Income Taxes Local Taxes Property Taxes Incurred for Indonesian Hotels Owners Property taxes are taxes that levied if you own or buy or sell any kind of property. The tax is levied by the governing authority of the jurisdiction in which the property is located. It may be imposed annually or at the time of a property transaction. Indonesian property taxes that levied at the time of a property transaction include Fees for Acquisition of Rights on Land and Buildings (Bea Perolehan Hak atas Tanah dan Bangunan or BPHTB). The rate of BPHTB is 5% of the transaction value net of the acquisition value of a tax object is not taxable (Nilai Perolehan Objek Pajak Tidak Kena Pajak or NPOPTKP). The lowest NPOPTKP being IDR60 million is set by the municipalities where the property is located. If you own a piece of land and building where your hotel is located, then you have to pay another property tax annually. It is land and building taxes (Pajak Bumi dan Bangunan or PBB). The tax is based on Law no 28 year 2007 about regional tax and levies. Read the full article

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Hotel Management: 7 Great Tips to Managing a Hotel

Managing a hotel is no easy task for anyone. Therefore you must know basic skill of hotel management that are particularly important in managing a hotel. These are the seven tips to manage your hotel: Set your objective and plan your way to get there Great Communication with everyone is essential to get everything done Delegate your tasks, but not your responsibility Employ the right people for the right job Leadership in critical times Change Management to adapt to ever changing trend Conflict Management Visionary Planning Managing a hotel needs a roadmap that everyone agrees on: where to go, which road to take, what vehicle to drive. Therefore, planning is the first thing you must do in managing your hotel well. Set your objectives for the hotel, and brainstorm them on how to achieve it with all the people involved in your hotel. Do not keep your objectives for yourself. Your partners and employees are not psychic. If they do not know where you want to take them, your will find problems taking them there. Plan your target market and how to capture them. Find ideas from everyone on what to do and what could change along the way. Set your budget and stick with it. Change only when all probable cause has been discussed and there is no other way to survive other than to shift the planned budget. Remember, hotel is a very cyclical business, more so for luxury hotels. Read the full article

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45 Rooms Budget Hotel In West Jakarta

With modern and unique design, we offer guests a truly unique leisure - business leisure- stay experience. Located in West Jakarta, can be easily reached from Palmerah / Tanah Abang train station, and near to business and shopping district: Sudirman, Senayan, and Grogol area which accessible by public transportation. Also only a short drive away from Soekarno Hatta Jakarta International Airport. Hotel features 45 rooms design with completed facilities Can be easily reached from Palmerah / Tanah abang railway station, and near to business and shopping district: Sudirman, Senayan, and Grogol area accessible by public transport. This is the details Land size: 553 sqm Building size: 2000 sqm Rooms: 45 3 floors and a half There's an employee rooms Mini bar Mini Resto ATM Gallery Parking area Distances To Popular Place 5 minutes from Tanah Abang, Slipi 10 minutes from Benhil, and Senayan 15 minutes to Grand Indonesia Others properti for sale 55 Ha Land For Sale In Bogor – West Java + Hotel 52 Ha, Land For Sale At Bengkong Laut Batam Center- Indonesia 4 Star Hotel For Sale In Batam Center – Indonesia 4 Stars Hotel For Sale, Batam Centre, Riau Islands, Indonesia 144 Rooms & Suite Hotel For Sale In Nagoya, Batam, Indonesia Read the full article

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Some Investors See Now as the Time to Buy Hotels. Here’s What to Keep in Mind. Some segments of the market, such as smaller, drive-to leisure hotels, have seen an uptick in demand. Others continue to struggle. 

The hospitality industry has been one of the hardest hit commercial property sectors during the pandemic, so what can prospective hotel investors expect in the coming months?

Hotel operators are bracing for a recovery that’s likely to be longer and more difficult than the one that took place after the Great Recession. Most of the hotels that remained open in 2020 despite the COVID-19 crisis are generating very little revenue at the moment. Many face difficulty meeting the costs of mortgage payments, property taxes and insurance, according to real estate services firm CBRE.

NREI spoke to Nick Plasencia, managing director at The Plasencia Group, a commercial real estate advisory firm that focuses on hotels and resorts, about what investors can expect when examining lodging investment opportunities in the current market, how to bid competitively and what owning a hotel asset in this environment ultimately entails.