TAX - JAKARTA. The Finance Ministry's Directorate General of Taxation has collected Rp 770.7 trillion (US$57.1 billion) in tax revenues as of September, or about 60 percent of this year's Rp 1.28 quadrillion target, the office announced on Monday.
The figure, however, is lower by 2.79 percent compared to the corresponding period last year.
"The revenue collection posed negative growth because of several non-recurrent revenues of significant amounts," the office's tax revenue and compliance director, Yon Arsal, wrote in a text message on Monday.
Indonesia welcomed trillions of rupiah into its coffers last year as a result of the implementation of the nine-month tax amnesty. The program collected Rp 88.5 trillion in penalty payments during its first phase, which ran from July to September, 2016.
It also received income tax payable from the government (PPh DTP) as well as land and building tax during the period last year, which has yet to be paid this year.
The growth in tax collections as of September stood at 12.6 percent year-on-year if such one-time revenues were excluded, said the tax office.
