First Semester 2019, Tax Revenue Growth Reached 2.68%

First-semester 2019 tax revenue realization reached Rp 705.59 trillion, a 2.68% increase from the same period last year, which reached Rp 687.17 trillion. This figure represents 44.73% of the 2019 State Budget target of Rp 1,577.56 trillion. Income tax revenue reached Rp 440.17 trillion, a 4.66% increase compared to the previous period's Rp 420.56 trillion.

Specifically, income tax realization is divided into two categories: Oil and Gas Income Tax (PPh Migas) at Rp 406.67 trillion, a 5.27% year-on-year (yoy) growth, and Non-Oil and Gas Income Tax (PPh Nonmigas) at Rp 35.5 trillion, showing a 1.84% yoy slowdown. Meanwhile, Land and Building Tax (PBB) and other taxes reached Rp 16.02 trillion, or 53.66% of the 2019 State Budget target of Rp 27.71 trillion.

Growth in Land and Building Tax and other taxes reached 201.79% (yoy). Meanwhile, Value Added Tax (PPN) and Sales Tax on Luxury Goods (PPnBM) totaled Rp 149.4 trillion, a 4.55% yoy slowdown. PPN and PPnBM still represent 38.05% of the 2019 State Budget target of Rp 655.39 trillion.

(Read Databoks: Tax Revenue up to May 2019 Grew 2.43%)