Indonesia's Tax Revenue 69% of Target: Sri Mulyani

Translator

Ririe Ranggasari

Editor

Laila Afifa

11 August 2022 19:14 WIB

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati said that Indonesia's tax revenue in the first semester reached Rp1,028.5 trillion, or 69.3 percent of the 2022 target. The value reflects a 58.8-percent growth from last year.

"This is in in line with our economic recovery, which has been very impressive—the growth of our state revenues," Sri said in a press conference on August 11.

The first-half tax income comprises non-oil and gas income taxes of Rp595 trillion, which is 79.4 percent of this year's target; Rp49.2 trillion of oil and gas income tax, 76.1 percent of the target; Rp377.6 trillion of VAT and luxury goods/cars taxes, which is 59.1 percent of the target; and Rp6.6 trillion from land and building as well as other taxes, 20.5 percent of the target.

"The very strong increase in tax revenue was due to commodity price hikes," she said.

For the month of July alone, the tax revenue growth was 61.8 percent, year-on-year.

Muhammad Hendartyo

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