Indonesia records 16.21 percent growth in Q1 tax revenue
Marchio Irfan Gorbiano
The Jakarta Post
Indonesia recorded double-digit growth in tax revenue in the first quarter of 2018, excluding income from last year’s tax amnesty, Finance Minister Sri Mulyani Indrawati announced on Monday.
Tax revenue reached Rp 244.5 trillion (US$ 17.76 billion), or a 16.21 percent year-on-year (yoy) growth.
The tax office collected Rp 12 billion from the tax amnesty in the first three months of 2017.
“Our tax revenue has shown progress; it reflects our upward economic development,” Sri Mulyani said.
The figure suggests that the tax office has collected 17.17 percent of its Rp 1.42 quadrillion target for this year.
The mining sector contributed Rp 11.78 trillion, or a 70.88 percent growth from last year.
Meanwhile, tax revenue paid by the manufacturing industry reached Rp 63.91 trillion, a 6.72 percent yoy growth.
Revenue from the trade sector grew by 28.64 percent yoy to Rp 53.1 trillion. (bbn)
- Anger at Singapore ads offering Indonesian maids for sale
- Creator of 3-D printed guns flies to Taiwan amid US sex assault accusation
- Balinale set to return with award-winning movies, guests
- Malaysia ex-PM faces 21 new charges over 1MDB scandal
- BMKG warns of heavy rains, high waves as Typhoon Mangkhut ends
- 'Asia Sentinel' apologizes to Yudhoyono, Dems
- Five destinations to be developed into one geopark
- Indonesians ready to embrace cashless future
- Tourism Ministry declares five dishes national food
- Here are 10 of the most populated cities in the world