Indonesia's Tax Collection Reaches IDR 624.19 Trillion Until April 2024

May 27, 2024, 07.06 PM | Reporter: Rashif Usman

ILUSTRASI. A resident shows his NPWP card after a tax consultation at the Pratama Ternate Tax Service Office (KPP), Ternate City, North Maluku, Tuesday (5/3/2024). Based on data from KPP Pratama Ternate, the total realization of matching Population Identification Numbers (NIK) to Taxpayer Identification Numbers (NPWP) in the region as of March 3 2024 reached 85.44 percent and the plan is for full implementation of NIK to NPWP to be carried out on July 1 2024. BETWEEN PHOTOS/Andri Saputra/aww.

TAX - JAKARTA. The Ministry of Finance in Indonesia has reported a tax revenue realization of IDR 624.19 trillion from January to April 2024. This figure represents 31.38% of the 2024 State Budget (APBN) target.

According to calculations by Kontan, this tax revenue has seen a significant correction, falling by 9.29% year-on-year (yoy), compared to the same period last year when tax revenue reached IDR 688.15 trillion.

Finance Minister Sri Mulyani explained that the decline in commodity prices since 2023 continues to put pressure on tax revenues in 2024.

Sri Mulyani detailed that tax revenue from Non-Oil and Gas Income Tax (PPh Non-Migas) stood at IDR 377 trillion. This figure is equivalent to 35.45% of the 2024 APBN target.

"We are still quite on track for four months," said Sri Mulyani at the APBN KITA Press Conference, on Friday (26/4).

However, if we look at its gross growth, Non-Oil and Gas Income Tax (PPh Non-Migas) is recorded at a negative 5.43%.

Another component, the revenue from Value Added Tax and Luxury Goods Sales Tax (PPN & PPnBM) was recorded at IDR 218.50 trillion. This figure is equivalent to 26.93% of the 2024 APBN target.

"If we look at this, it's slightly below target," she said.

In gross terms, PPN & PPnBM grew by 5.93%. Sri Mulyani explained that the positive gross growth of PPN and PPnBM is in line with the good economic activity from January to April 2024.

Land and Building Tax (PBB) and other taxes were recorded at IDR 3.87 trillion or 10.7% of the target. Meanwhile, Oil and Gas Income Tax (PPh Migas) has been realized at IDR 23.81 trillion or 32.49% of the APBN target.

Editor: Syamsul Azhar