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Tax Revenue Soared 54.2% in September 2022

Cindy Mutia Annur 26/10/2022 14:30 WIB

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The Ministry of Finance recorded tax revenues of Rp 1,310.5 trillion by September 2022. This realization grew by 54.2% year-on-year (yoy).

Realization Trend of Tax Revenue in January-September (2019-2022)

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Tax Revenue Soared 54.2% in September 2022

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Realization Trend of Tax Revenue in January-September (2019-2022)

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The Ministry of Finance recorded tax revenue reaching Rp1,310.5 trillion by September 2022. This realization has reached 88.3% of the State Budget (APBN) target of Rp1,485 trillion.

“(Tax revenue) grew by 54.2% (year-on-year/yoy) until September 2022,” said Minister of Finance Sri Mulyani in a press conference on the APBN KiTa, Friday (21/10).

Details show that the realization of non-oil and gas income tax (PPh nonmigas) reached Rp723.3 trillion or 96.6% of the APBN target. Sri Mulyani is optimistic that non-oil and gas income tax will reach, or even exceed, the APBN target.

“This means that non-oil and gas income tax will certainly reach or exceed its target,” she said.

Furthermore, the realization of Value Added Tax (PPN) and Luxury Goods Tax (PPnBM) has been recorded at Rp504.5 trillion or 78.9% of the APBN target. Then, the realization of Land and Building Tax (PBB) and other taxes reached Rp20.4 trillion or 63.2% of the APBN target.

Meanwhile, the realization of tax revenue from oil and gas income tax (PPh migas) reached Rp62.3 trillion or 96.4% of the APBN target. Sri Mulyani stated that this very good tax revenue performance is still supported by the upward trend in commodity prices.

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."

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Tax Revenue Soared 54.2% in September 2022

Tax Revenue Soared 54.2% in September 2022

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Tax Revenue Soared 54.2% in September 2022

Tax Revenue Soared 54.2% in September 2022

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