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Customs and excise tax revenue grows 16.98% in first half
The Finance Ministry's customs and excise directorate general recorded 16.98 percent year-on-year growth in customs and excise tax revenue in the first half of 2018 to Rp 93.28 trillion (US$644 billion) or 48.08 percent of this year total target.
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Customs and Excise Office logo (Courtesy of/Google.com)
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span roboto="" style="display: inline !important; float: none; background-color: transparent; color: rgb(49, 53, 52); font-family: ">The Finance Ministry's customs and excise directorate general recorded 16.98 percent year-on-year (yoy) growth in customs and excise tax revenue in the first half of 2018 to Rp 93.28 trillion (US$644 billion) or 48.08 percent of this year total target.
“It was the highest growth in the last three years,” said the head of the revenue division at the Finance Ministry's customs and excise directorate general, Rudy Rahmaddi, in Jakarta on Thursday as reported by kontan.co.id
In the first half of 2017, the revenue from customs and excise taxes reached Rp 79.8 trillion, in 2016 it reached 73.4 trillion and in 2015 it reached 86.2 trillion.
In the first half of 2018, the excise tax contributed 67.8 trillion, import tax 21.5 trillion and export tax Rp 3.98 trillion.
Meanwhile, customs and excise director general Heru Pambudi said the cigarette excise tax contributed Rp 64.4 trillion, while the remaining revenue came from alcoholic excise taxes.
Heru expressed his optimism that this year, revenue from customs and excise taxes would reach the target because his office had managed to reduce the distribution of illegal cigarettes in the market.
He said from the operation to prevent the distribution of illegal cigarettes, his office could obtain additional revenue of between Rp 1.49 trillion and Rp 1.52 trillion (bbn)
