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Jakarta Post

2015 tax shortfall to reach US$18 billion: Analyst

Bundles of cash are piled up in a bank in Jakarta

The Jakarta Post
Jakarta
Thu, December 10, 2015 Published on Dec. 10, 2015 Published on 2015-12-10T06:25:51+07:00

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Bundles of cash are piled up in a bank in Jakarta. (tempo.co/Eko Siswono Toyudo) Bundles of cash are piled up in a bank in Jakarta. (tempo.co/Eko Siswono Toyudo) (tempo.co/Eko Siswono Toyudo)

Bundles of cash are piled up in a bank in Jakarta. (tempo.co/Eko Siswono Toyudo)

Indonesia'€™s tax shortfall in 2015 will be Rp 250 trillion (US$18 billion), meaning the government only gains 80 percent of the target, predicted a tax expert, who warned that it would be a burden for the new director general of taxation.

The executive director of the Center for Indonesia Taxation Analysis, Yustinus Prastowo, predicted that the 2016 tax revenue would be affected, especially if the same mistake of failing to focus on the tax expansion program was made.

"Optimizing tax revenue at the end of the year is going to be the heaviest duty. They must consolidate the team and maintain the network with stakeholders. It is also important to increase the effectiveness of tax monitoring," he said as quoted by tempo.co in Jakarta.

Yustinus further said that the government'€™s tax amnesty would not be effective in 2015, since the bill on it had yet to be deliberated by the House of Representatives.

"Deliberation of the bill will not be finished this year. I predict that the law can only be implemented in the second half of 2016 at the earliest, after the law is endorsed," he said. (ags)

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