New Tax Revenue Realization Reached 88% of Target in November 2021
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The Ministry of Finance reported that tax revenue reached Rp 1,082.56 trillion in November 2021. This realization is only 88.04% of the target set in the 2021 State Budget (APBN).
However, tax revenue performance last month was better than in November 2020. Tax revenue growth in November 2021 was 16.99% (year on year/yoy).
This growth increased compared to November 2020, which was -18.55% (yoy). The pressure last year was due to the impact of the Covid-19 pandemic.
Based on revenue groups, only two successfully reached, even exceeded, their targets. First, the realization of Income Tax (PPh) from the oil and gas sector amounted to Rp 45.99 trillion. This realization reached 100.49% of the 2021 APBN target.
Second, the realization of Land and Building Tax (PBB) amounted to Rp 17.91 trillion. This realization reached 120.78% of the 2021 APBN target.
"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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