Bali, Indonesia's top tourist destination, is poised to attract overseas buyers after the government recently raised the threshold on luxury tax, according to analysts, reported the South China Morning Post (10 September 2019). "This is a big change," said Georg Chmiel, executive chairman at Juwai.com, a Chinese website for buyers overseas property. "Foreigners have the right to possess property for up to 80 years and are much less likely to pay 20 per cent sales tax when selling. We expect demand to increase."
