Thailand
Indonesia: Tax Revenues at 60 Percent as of September 30
TEMPO.CO, Jakarta – Director General of Tax said that, as of September 30, total tax revenues reached Rp770.7 trillion or 60 percent of the target set in the revised 2017 state budget (APBN-P) or Rp1,283.6 trillion.
As such, the Tax DG needs to collect Rp513 trillion more to meet the target. “The realization dropped 2.79 percent [year-on-year]…,” Director for Potential, Compliance and Tax Revenue Yon Arsal said yesterday.
The tax revenues consisted of oil and gas tax (PPh migas) of Rp732.1 trillion or 59 percent of the revised 2017 state budget or registering negative growth of 4.7 percent (year-on-year). Tax revenue from the non-oil and gas sector (PPh nonmigas) registered negative growth of 12.32 percent (year-on-year) at Rp418 trillion or 56.3 percent of the target.
Value-added tax (PPN) and luxury tax (PPnBM) were 64.6 percent of the target or grew 13.70 percent (year-on-year) or Rp307.3 trillion.
Yon said that the decrease was caused by unrepeated revenues that from last year’s redemption fees in the tax amnesty program and income tax for purposes of revaluation of assets. There are also differences in the payments of land and building tax (PBB) and government-borne income tax in a significant amount. “The growth of non-oil and gas income tax outside of redemption fees and overall unrepeated revenue and the difference in payment period was 12.6 percent,” Yon said.
Bank Permata economist Josua Pardede said that as the national and global economy slows down, it would be difficult for the Tax DG to meet the full-year tax revenue target. Nevertheless, Pardede is optimistic that the total revenue would reach 85 percent at the end of the year. He has called on the government to be realistic in determining the target considering current situation.
Source: https://en.tempo.co/read/news/2017/10/10/056912153/Tax-Revenues-at-60-Percent-as-of-September-30