2020 Personal Income Tax Revenue Down 13% Compared to Last Year

Economics & Macro

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Cindy Mutia Annur 23/09/2020 13:00 WIB

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The government targets 2020 income tax (PPh) revenue at Rp 670.38 trillion, a 13% decrease compared to last year.

Comparison of 2019 Income Tax Realization and 2020 Income Tax Target

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Comparison of 2019 Income Tax Realization and 2020 Income Tax Target

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In the 2020 Revised State Budget (APBNP), the government targeted income tax (PPh) revenue of Rp 670.38 trillion. This figure is down approximately 13% from the previous year's realization of Rp 770.29 trillion. The largest contribution comes from Non-Migas PPh revenue, targeted at Rp 638.52 trillion, or down 10.22% from the 2019 realization. Meanwhile, Migas PPh revenue is targeted at Rp 31.86 trillion.

Furthermore, Value Added Tax (PPN) and Luxury Goods Sales Tax (PPnBM) revenue is targeted at Rp 507.52 trillion. This is down from the 2019 realization of Rp 532.91 trillion.

Meanwhile, the target for excise tax revenue is Rp 172.20 trillion, almost the same as the previous year's realization of Rp 172.33 trillion. For Land and Building Tax (PBB), the government is targeting revenue of Rp 13.44 trillion, down 36.51% from the 2019 realization of Rp 21.17 trillion.

Total tax revenue in the 2020 APBNP is estimated to reach Rp 1,404.51 trillion, down 9.11% from the previous year's realization.

Editor : Muhammad Ahsan Ridhoi

"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."