Indonesia’s Tax Revenue Reaches 85.65% of Annual Target: Sri Mulyani

Minister of Finance Sri Mulyani (Photo by: Documentation of Cabinet Secretariat PR)

As of 23 December, this year’s tax revenue has risen 85.65 percent or Rp1,019.56 trillion of the revenue target totaling Rp1,198.8 trillion as stated in Presidential Regulation Number 72/2020.

“We will still push all regional offices (Kanwil) and Tax Service Offices (KPP) to be as close as possible reach the target amid difficult economic conditions,” Minister of Finance Sri Mulyani Indrawati said in a written statement, Wednesday (23/12).

According to the Minister, out of 49 tax service offices that have met the tax revenue target, several offices recorded tax receipts above 100 percent.

In the meantime, as many as 6 regional regional tax offices (Directorate General of Taxes) are projected to reach the revenue target by the end of this year, while the level of compliance for the annual tax notice report (SPT) reached 76.86 percent.

“Directorate General of Taxes is expected to collect tax revenue and provide support to help taxpayers to get tax incentives. We hope we can maintain both the economy and the business sector so that business players can survive and recover from the current condition,” Sri said.

Directorate General of Taxes is also expected to constantly collect tax revenue through an electronic system from digital companies, she added.

For the record, there are 23 digital companies that have collected tax revenue through an electronic system worth Rp616 billion.

“There are five more companies that we will collect until the end of the year,” she said.

On that occasion, Sri expressed hope that Directorate General of Treasury will remain alert to misuse of simplification and flexibility in budget disbursement.

“We have to boost our vigilance so that the State Budget, especially economic recovery programs worth Rp695 trillion, can be properly benefittted by the people,” she said. (PR of Finance Ministry/UN) (RIF/EP)