Import Income Tax Revenue Grew by 207.5% in January–May 2022

Dzulfiqar Fathur Rahman 27/06/2022 18:00 WIB

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Import income tax (PPh) Article 22 receipts grew 207.5% year-on-year in January-May, according to the Ministry of Finance.

Annual Growth of Tax Revenue, by Category (January–May 2022)

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Import Income Tax Revenue Grew by 207.5% in January–May 2022

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Annual Growth of Tax Revenue, by Category (January–May 2022)

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Net tax revenue, particularly from imports, grew rapidly in the first five months, in line with the economic recovery.

According to the Ministry of Finance, income tax (PPh) Article 22 revenue from imports grew by 207.5% in the January-May period compared to the previous year. This PPh contributes approximately 4.3% to overall net tax revenue.

Tax revenue grew rapidly amid economic recovery and a surge in commodity prices. Growth also followed the increase in the value-added tax (VAT) rate and the voluntary disclosure program (PPS).

Corporate income tax (PPh badan) revenue, a major contributor, grew by 127.5% in the January-May period compared to the previous year.

Overall, net tax revenue grew by 53.58% to Rp705.82 trillion in the January-May period compared to the previous year.

Editor : Annissa Mutia

"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."