Indonesia's Tax Receipt reaches Rp548.1 Trillion  

TEMPO.CO, Jakarta - The country's tax receipt until August 8, 2014 has reached Rp548.1 trillion or 51.11 percent of the target set at Rp1,072.4 trillion, which was set in the revised 2014 state budget, the Directorate General of Tax Affairs said.

In a press release, the directorate general said the tax receipt in the first half of this year was bigger than the tax revenue in the same period a year earlier which stood at Rp499.8 trillion or 50.22 percent of the target set in the state budget.

It said that of the Rp548.1 trillion, Rp275.5 is non oil and non gas income tax, which is 56.7 percent of the target at Rp485.97 trillion and Rp223.9 trillion are sale and luxury good taxes or 47.1 percent of the target in the state budget at Rp475.58 trillion.

It also included Rp1.05 trillion of building and land tax or about 4.8 percent of the target at Rp21.7 trillion.

Some Rp2.9 trillion tax receipt in the first half of the year was other taxes or 57.3 percent of the target at Rp5.17 trillion while Rp44.5 trillion is oil and gas income tax or 53.04 of the Rp83.8 trillion target.

Earlier, Finance Minister Chatib Basri stressed the importance of expanding the tax base so that efforts to collect taxes would not be focused on traditional sectors only such as mining, and other commodities like crude palm oil (CPO).

He said expansion of tax sources should be carried out on sectors which so far had not yet been exploited optimally such as the property, financial and service sectors, thus the year-end tax target would be achieved.

"There are several sectors which experienced high growth such as property, finance, transportation service and communications. We have to realize that though these sectors have been tapped yet it is not yet optimal," said the minister.

ANTARA