Tobacco Excise Revenue Grew by 33% in the First Half of 2022

Economics & Macro

Lite

Dzulfiqar Fathur Rahman 02/08/2022 10:10 WIB

URL has been copied

Memuat...

The Indonesian government recorded Rp118 trillion in excise revenue from tobacco products in the first half of 2022.

Tobacco Excise Revenue per Semester I (2019–2022)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Tobacco Excise Revenue Grew by 33% in the First Half of 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.

Tobacco Excise Revenue per Semester I (2019–2022)

Download

Source

A Small Font
A Medium Font
A Bigger Font

The Indonesian government recorded rapid growth in tobacco excise tax revenue (CHT) during the January-June 2022 period, in line with the average 12% increase in excise rates implemented at the beginning of the year.

The Ministry of Finance reported that CHT revenue in the first half of 2022 reached Rp118 trillion, a 33.3% year-on-year (yoy) increase compared to the first half of last year.

However, tobacco excise tax revenue in June 2022 was lower than in June 2021 due to a decline in production. Accumulated cigarette production in the first half of 2022 totaled 147.9 billion sticks, down 2.18% (yoy) from the first half of the previous year.

Cigarette production began to decline after the implementation of the new 11% value-added tax (VAT) rate starting in April 2022.

The government anticipates a slowdown in CHT revenue in the coming months. This projection considers the relatively stagnant production pattern observed in the second half of 2021.

Overall, customs and excise revenue grew by 37.2% (yoy) to Rp167.6 trillion in the first half of 2022. This represents 56.1% of the government's target for this year.

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."