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These Are Indonesia's 8 Largest Tax-Contributing Sectors in 2023

Cindy Mutia Annur 01/02/2024 15:47 WIB

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The Indonesian Ministry of Finance reported that Indonesia's tax revenue reached Rp1,869.23 trillion throughout 2023. By sector, the manufacturing industry contributed the largest amount of tax to th

Indonesia's Top 8 Tax-Contributing Sectors (2023)

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Indonesia's Top 8 Tax-Contributing Sectors (2023)

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The Ministry of Finance (Kemenkeu) reported that Indonesia's tax revenue reached Rp1,869.23 trillion in 2023, an 8.88% increase year-on-year (yoy).

This achievement is equivalent to 108.8% of the 2023 State Budget (APBN) target of Rp1,718.03 trillion, or 102.8% of the target set in Presidential Regulation Number 75 of 2023, valued at Rp1,818.24 trillion.

By sector, the manufacturing industry contributed the most to state tax revenue in 2023, accounting for 26.9% of the total tax revenue during that period.

The trade sector ranked second, contributing 24.4% to total tax revenue. The financial services and insurance sector contributed 11.5% to total domestic tax revenue.

The mining sector's contribution to tax revenue amounted to 9.4% throughout last year.

Tax revenue contributions from the transportation and warehousing sectors, and the construction and real estate sectors were both equal at 4.4%.

The information and communication sector contributed 3.4% to tax revenue. Meanwhile, the corporate services sector contributed 3.3% to tax revenue.

In addition to taxes, Kemenkeu also recorded state revenue from customs and excise duties of Rp286.19 trillion, followed by non-tax state revenue (PNBP) of Rp605.89 trillion.

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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These Are Indonesia's 8 Largest Tax-Contributing Sectors in 2023

These Are Indonesia's 8 Largest Tax-Contributing Sectors in 2023

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These Are Indonesia's 8 Largest Tax-Contributing Sectors in 2023

These Are Indonesia's 8 Largest Tax-Contributing Sectors in 2023

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