Tax Revenue Reaches Rp 1.069.9 Trillion in 2020

Economics & Macro

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03/03/2021 11:55 WIB

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Tax revenue realization reached Rp 1,069.98 trillion throughout 2020. This amount is equivalent to 89.25% of the tax revenue target of Rp 1,198.82 trillion.

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Tax Revenue Reaches Rp 1.069.9 Trillion in 2020

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2020 Tax Revenue Realization

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The Ministry of Finance recorded tax revenue reaching Rp 1,069.98 trillion throughout 2020. This amount is equivalent to 89.25% of the tax revenue target of Rp 1,198.82 trillion.

Tax revenue realization last year was largest from income tax (PPh), reaching Rp 593.85 trillion. Revenue from value-added tax (PPN) and luxury goods sales tax (PPnBM) reached Rp 448.39 trillion.

Furthermore, revenue from land and building tax (PBB) in the plantation, forestry, and mining (P3) sectors reached Rp 20.95 trillion. Meanwhile, revenue from other taxes was recorded at Rp 6.78 trillion.

"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."