2019 Tax Revenue Targeted to Grow 15% from the 2018 Outlook

Economics & Macro

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23/08/2018 16:49 WIB

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In the 2019 State Budget (RAPBN), tax revenue was targeted at Rp 1,781 trillion, representing a 15% increase from the 2018 outlook or a 10% increase from the State Budget.

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2019 Tax Revenue Targeted to Grow 15% from the 2018 Outlook

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Tax Revenue 2010-2019

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The government targets a 15% growth in tax revenue next year. In the 2019 State Budget Draft (RAPBN), tax revenue is set at Rp 1,781 trillion, representing a 15% increase from the 2018 outlook or a 10% increase from the 2018 State Budget.

To increase state revenue, the government has implemented various policies, including a tax amnesty and confirmation of taxpayer status in 2016-2017. Then, in 2018, the government implemented policies to lower the tax rate for MSMEs to 0.5%, accelerate tax refunds, and improve compliance following the tax amnesty.

In 2019, the government aims to implement the Automatic Exchange of Information (AEoI), provide targeted incentives, implement compliance risk management, and improve information technology.

"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."