2019 VAT and Sales Tax Revenue Realization Down 0.8% YoY

Cindy Mutia Annur 23/09/2020 14:21 WIB

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2019 Value Added Tax (VAT) and Luxury Goods Sales Tax (PPnBM) revenue realization decreased by 0.8% compared to the previous year, reaching Rp 532.91 trillion.

Realization Trend of VAT & Sales Tax on Luxury Goods Receipts (2016-2019)

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Realization Trend of VAT & Sales Tax on Luxury Goods Receipts (2016-2019)

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Total realization of value-added tax (VAT) and luxury goods sales tax (PPnBM) revenue in 2019 decreased by 0.8% to Rp 532.91 trillion compared to the previous year (year-on-year/yoy). In 2018, it reached Rp 537.27 trillion. This represents a significant increase compared to 2016 and 2017, which were Rp 412.21 trillion and Rp 480.72 trillion, respectively.

Although the trend has been fluctuating over the past four years, total tax revenue remains fairly stable in the range of Rp 400 trillion to Rp 600 trillion. In the 2020 Revised State Budget (APBNP), the government targeted PPN and PPnBM revenue at Rp 507.52 trillion. This is a 4.7% decrease from the 2019 realization.

Editor : Muhammad Ahsan Ridhoi

"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."