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Indonesia's Main Tax Realization as of March 15, 2024: Domestic VAT Decreases

Erlina Fury Santika 28/03/2024 19:10 WIB

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Finance Minister Sri Mulyani stated that the majority of major tax types, including corporate income tax (PPh) and import VAT (PPN), showed positive growth as of March 15, 2024.

Main Tax Realization and Contribution to the State Budget (January 1 - March 15, 2024)

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Indonesia's Main Tax Realization as of March 15, 2024: Domestic VAT Decreases

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Main Tax Realization and Contribution to the State Budget (January 1 - March 15, 2024)

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The Ministry of Finance (Kemenkeu) reported that Indonesia's tax revenue reached Rp342.88 trillion from January 1 to March 15, 2024. This figure is equivalent to 17.24% of the 2024 State Budget (APBN) target.

Tax revenue realization in the middle of this month decreased by 3.7% year-on-year (yoy).

Sri Mulyani, Minister of Finance, detailed several key tax components as contributors to Indonesian taxation.

The largest came from domestic value-added tax (PPN DN), namely Rp65 trillion, contributing 18.97%. However, its cumulative growth plummeted by 25.8% in the period up to mid-March 2024.

"Domestic VAT. This is the largest contributor, but it is experiencing considerable pressure. However, without VAT refunds, domestic VAT still grew by 6.9%," said Sri Mulyani in an online press conference on the Kemenkeu channel, Monday (25/3/2024).

Second is Article 21 Income Tax (PPh 21), with a realization of Rp59.91 trillion and a contribution of 17.47%.

Sri Mulyani said the growth of this tax is very impressive. Cumulatively, it reached 24.3% in January-March 15, 2024, while the same period the previous year was 21.7%.

"This is the tax paid by workers, deducted by the company and submitted to the state," said Sri Mulyani.

Third is Corporate Income Tax (PPh Badan) with a realization of Rp55.91 trillion and a contribution of 16.31%. Its cumulative growth fell by 10.6%. This contrasts with the same period the previous year, which reached 43.3%.

"Corporate Income Tax experienced a fairly sharp correction due to refunds [resulting from] commodity prices. This is what we must be wary of, the composition of state revenue and pressure, corrections to commodity prices," said Sri Mulyani.

Fourth is Import VAT with a realization of Rp51.3 trillion and a contribution of 14.96%. Fifth, Final Income Tax (PPh Final), amounting to Rp30.79 trillion and contributing 8.98%.

Sixth, Import PPh 22 amounting to Rp16.09 trillion and contributing 4.69%. Seventh, PPh 26 amounting to Rp15.35 trillion and contributing 4.48%.

Finally, PPh OP amounted to Rp2.59 trillion and contributed only 0.76%.

(See also: Tax Revenue Reaches Rp342.88 Trillion as of March 15, 2024)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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19 May 2026

Name	Value	%
Economic growth	5,11%	+0.08
Gini rasio (Sem2)	0,38	0.00
PDB ADHK (Q1)	3.447,70	-0.77
Nilai Tukar USDIDR	17	-0.03
Neraca perdagangan (Mar)	3,32	+160.82
Ekspor Migas (Mar)	1,28	+18.60
Impor Migas (Mar)	3,17	+58.74
Ekspor (Mar)	22,53	+1.62
Impor (Mar)	19,21	-8.08
Kunjungan Wisman (Feb)	1,16	-2.42
Inflasi yoy (Apr)	2,42%	-1.06
Inflasi mom (Apr)	0,13%	-0.28
Persentase kemiskinan (Des)	7,50%	-0.75
NTP (Apr)	112,29	+0.43

Indonesia's Main Tax Realization as of March 15, 2024: Domestic VAT Decreases

Indonesia's Main Tax Realization as of March 15, 2024: Domestic VAT Decreases

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Indonesia's Main Tax Realization as of March 15, 2024: Domestic VAT Decreases

Indonesia's Main Tax Realization as of March 15, 2024: Domestic VAT Decreases

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