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.

Jakarta Post

Tax office collects 60% of tax revenue target as of September

  • Jon Afrizal

    The Jakarta Post

Jakarta   /   Thu, October 5, 2017   /   10:44 am
Tax office collects 60% of tax revenue target as of September Finance Minister Sri Mulyani Indrawati (Antara/Puspa Perwitasari)

Finance Minister Sri Mulyani Indrawati met on Tuesday President Joko “Jokowi” Widodo to report that, as of September, 60 percent of the Rp 1.28 quadrillion (US$95.16 billion) tax revenue target had been met this year.

The minister did not mention the exact value of the collected funds, but based on the this year's target figure, it is about Rp 770 trillion.

She said the positive performance in the tax collection was in line with significant growth in several business sectors, including the manufacturing sector, which grew 13 percent, and the mining sector, which grew more than 30 percent.

Read also: Tax office to collect taxes on hidden wealth

“We can see the economic growth momentum from the tax revenue collection. We will continue to create a situation conducive to strengthening the growth momentum up to the end of this year,” Sri Mulyani said in Jakarta on Tuesday as reported by kontan.co.id.

Directorate General of Taxation tax revenue and compliance director Yon Arsal expressed satisfaction over the tax collection performance, saying that last year, the tax office only collected 58.6 percent of the target up to September.

Center for Indonesia Taxation Analysis (CITA) executive director Yustinus Prastowo said, however, that the achievement was slightly below the target of 61.5 percent by September.

Yustinus estimated that the tax office would fail to achieve its target, falling short by about Rp 180 trillion by the end of this year. (bbn)

Editor's note: First Paragraph in this article has been corrected.