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With the FIFA Matchday event, the government could receive up to 28 billion Rupiah in taxes.

Adi Ahdiat 21/06/2023 12:40 WIB

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According to the LPEM FEB UI research team, the Indonesia vs. Argentina FIFA Matchday event has the potential to generate indirect tax revenue for the country amounting to Rp28 billion.

Top 10 Business Sectors Generating the Most Tax Revenue from the Indonesia vs. Argentina FIFA Matchday (June 2023)*

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With the FIFA Matchday event, the government could receive up to 28 billion Rupiah in taxes.

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Top 10 Business Sectors Generating the Most Tax Revenue from the Indonesia vs. Argentina FIFA Matchday (June 2023)*

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Indonesia's national football team lost to Argentina's national team with a score of 0-2 in a FIFA Matchday match at the Gelora Bung Karno Main Stadium, Jakarta, on Monday (19/6/2023).

However, despite the loss, many parties seem to be happy, as the FIFA Matchday event had a positive impact on Indonesia's economy, including on state tax revenue.

According to a research team from the Institute for Economic and Community Research, Faculty of Economics and Business, University of Indonesia (LPEM FEB UI), the holding of the Indonesia vs. Argentina FIFA Matchday has the potential to generate indirect tax revenue of Rp28 billion.

They estimate that, in the FIFA Matchday event, the government has the potential to receive the most indirect taxes from the processing industry sector, namely Rp7.1 billion.

The next largest tax-contributing sectors are health services and social activities; wholesale and retail trade; information and communication; financial and insurance services; and others, as shown in the chart above.

This tax revenue is inseparable from the large turnover of money (economic output) during the FIFA Matchday event, the total value of which is estimated to reach Rp965 billion.

The largest turnover of money is estimated to be in the food and beverage sector, with an output value of Rp249.7 billion.

"From an economic perspective, the potential positive impact of the FIFA Matchday can exceed the costs incurred to bring in the Argentinian national team," said the LPEM FEB UI research team in their report, *Simulation of the Potential Economic Impact of the Indonesia vs. Argentina FIFA Matchday*.

"However, holding the FIFA Matchday against Argentina is also not cheap. The match fee to invite Argentina is estimated to reach USD 5 million, as reported by the *New York Times*," they said.

Editor : Adi Ahdiat

"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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With the FIFA Matchday event, the government could receive up to 28 billion Rupiah in taxes.

With the FIFA Matchday event, the government could receive up to 28 billion Rupiah in taxes.

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Related Data

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Age Group of "Female Breadwinners" in Indonesia 2024, The Majority are Elderly

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History of Women's Organizations Prior to the First Indonesian Women's Congress of 1928

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With the FIFA Matchday event, the government could receive up to 28 billion Rupiah in taxes.

With the FIFA Matchday event, the government could receive up to 28 billion Rupiah in taxes.

Tags

Related Data

Indonesia's Electronic Money Spending Transaction Volume Increased in Q3 2025

Age Group of "Female Breadwinners" in Indonesia 2024, The Majority are Elderly

5 Most Challenged Laws in History

Most 'Female Breadwinners' in Indonesia in 2024 Work in Sole Proprietorships

History of Women's Organizations Prior to the First Indonesian Women's Congress of 1928

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