Economics & Macro

Lite

Economy Recovers, Tax Revenue Realization Up 59% in Early 2022

Dwi Hadya Jayani 22/02/2022 17:40 WIB

Bagikan URL has been copied

Memuat...

January 2022 tax revenue realization reached Rp109.1 trillion, a 59.39% increase compared to the same period in 2020, which amounted to only Rp68.45 trillion.

Tax Revenue Realization (January 2021 - January 2022)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Economy Recovers, Tax Revenue Realization Up 59% in Early 2022

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Tax Revenue Realization (January 2021 - January 2022)

Download

Source

A Small
A Medium
A Bigger

The Ministry of Finance (Kemenkeu) reported an increase in tax revenue at the beginning of 2022.

Tax revenue realization in January 2022 reached Rp109.1 trillion, a 59.39% increase from the same period in 2020, which amounted to only Rp68.45 trillion.

The Kemenkeu attributes the increase in tax revenue performance to the economic recovery, evidenced by improvements in the manufacturing Purchasing Managers' Index (PMI), commodity prices, and export-import activities.

Highest Tax Growth from Oil and Gas Income Tax (PPh Migas)

Tax revenue growth occurred in almost all components, with the highest growth in Oil and Gas Income Tax (PPh Migas).

PPh Migas realization in January 2022 reached Rp8.95 trillion, a 281.23% increase from the same period the previous year. This increase is due to compensation from Q3 and Q4 2021 being paid in January 2022.

The next highest growth came from Non-oil and gas Income Tax (PPh Nonmigas), which increased by 56.7% to Rp61.14 trillion, followed by Value Added Tax (PPN) and Luxury Goods Sales Tax (PPnBM) which increased by 45.86% to Rp38.43 trillion.

Meanwhile, the realization of Land and Building Tax (PBB) and other taxes decreased to Rp590 billion in January 2022, down 20.56% from the same period in 2020.

(Also read: Tax Revenue Realization Reached 88% of Target in November 2021)

Editor : Adi Ahdiat

"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."