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Jakarta Post

Strong start in tax revenue, govt says

  • Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Tue, April 17 2018   /  12:46 am

The government booked double-digit growth in tax and non-tax state revenues in the first quarter of 2018, and experts are calling for quick measures in securing the momentum going forward amid an economic recovery.Tax revenue, comprising income tax from oil and gas, value added tax (PPn), property tax (PBB) and luxury goods tax (PPnBM), was recorded at Rp 244.5 trillion (US$17.76 billion) in the first three months of this year. The figure represents a 16.2 percent increase from the same period in 2017, a relatively substantial growth considering the tax office no longer collected penalties from the tax amnesty, which ran from July 2016 to March 2017, said Finance Minister Sri Mulyani Indrawati.In the first quarter of 2017, year-on-year (yoy) growth stood at 11.82 percent.“We had the tax amnesty last year [which contributed to growth in 2017]. This year, the growth is even higher withou...