New Record: Tax Revenue Exceeds Rp2,000 Trillion in 2022

Economics & Macro

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Adi Ahdiat 20/12/2023 15:40 WIB

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Indonesia's tax revenue reached a new record high of Rp2,034.5 trillion in 2022. The national tax ratio also increased in 2022, although it has not yet reached its peak performance.

Indonesia's Tax Revenue Performance and its Ratio to GDP (2004-2022)

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New Record: Tax Revenue Exceeds Rp2,000 Trillion in 2022

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Indonesia's Tax Revenue Performance and its Ratio to GDP (2004-2022)

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Indonesia's total tax revenue reached Rp2,034.5 trillion in 2022.

This achievement represents a 31.4% year-on-year (yoy) increase, setting a new record high, as shown in the graph.

Not only the nominal value increased, but also the tax revenue-to-Gross Domestic Product (GDP) ratio.

The tax revenue-to-GDP ratio, also commonly known as the tax ratio, is one of the metrics used to assess a country's tax performance.

In 2022, Indonesia's tax revenue ratio reached 10.39% of the current price GDP, which totaled Rp19,588.4 trillion.

While not the highest achievement, the 2022 tax ratio showed significant strengthening compared to the 2020-2021 Covid-19 pandemic period.

Indonesia's tax ratio reached its peak in 2008, at 13.31%.

Sources of Tax Revenue

The recorded tax revenue here is an accumulation of income tax (PPh), value-added tax (PPN), land and building tax (PBB), excise revenue, international trade tax, and other taxes.

Here's a breakdown of Indonesia's tax revenue in 2022 by source, ordered from largest to smallest:

* PPh (Income Tax): Rp998.2 trillion (49.06% contribution to total tax revenue)
* PPN (Value-Added Tax): Rp687.6 trillion (33.80%)
* Excise: Rp226.9 trillion (11.15%)
* International Trade Tax: Rp90.9 trillion (4.47%)
* PBB (Land and Building Tax): Rp23.3 trillion (1.14%)
* Other Taxes: Rp7.7 trillion (0.38%)

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."