TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Indonesia books Rp 1.14 quadrillion in tax revenue in first 11 months
Change Size
Taxation Director General Robert Pakpahan (kompas.com/Yoga Sukmana)
T
he Finance Ministry has said that the Taxation Directorate General recorded Rp 1.14 trillion (US$78.24 billion) in tax revenue in the first 11 months of this year or 79.8 percent of the full-year target of Rp 1.42 quadrillion.
The figure shows that tax revenue grew 15.3 percent year-on-year, compared to the previous year’s growth of 1.6 percent yoy.
“The tax revenue grew quite delightfully, particularly the growth in tax revenue from oil and gas income tax because it was supported by good prices and the rupiah exchange rate weakening,” said Finance Minister Sri Mulyani Indrawati as reported by kontan.co.id.
She added that the tax revenue from the oil and gas income tax was Rp 59.8 trillion or 156.7 percent of the target set in the 2018 state budget. It grew 26.7 percent yoy.
Meanwhile, non-oil and gas tax revenue up to the end of November reached Rp 1.08 trillion or 77.7 percent of this year's target. A total of 591.6 trillion of income taxes came from the non-oil and gas sector, Rp 459.9 trillion from value-added taxes, Rp 18.7 trillion from land and property taxes and Rp 6.6 trillion from other sectors.
Separately, Taxation Director General Robert Pakpahan said the tentative estimate for tax revenue realization was 95 percent of the target set in the state budget. (bbn)
