Indonesian Government Collects Rp25.8 Trillion in Digital Taxes in June 2024: Details Inside

The Directorate General of Taxes (DJP) of the Ministry of Finance reported that Indonesia's tax revenue from the digital economy sector reached Rp25.8 trillion in June 2024.

This realization comes from the collection of Value Added Tax (VAT) on Electronic System Transactions (PMSE), amounting to Rp20.8 trillion.

The government had appointed 172 PMSE businesses to collect VAT until June 2024. During this period, there were no appointments, corrections or changes to data, or revocations of PMSE VAT collection.

Next, there were digital tax payments from P2P lending financial technology (fintech) totaling Rp2.19 trillion.

Specifically, this fintech tax originated from PPh 23 on loan interest received by domestic taxpayers (WPDN) and permanent establishments (BUT) worth Rp732.34 billion. Then PPh 26 from loan interest received by foreign taxpayers (WPLN) Rp270.98 billion, and domestic VAT (PPN DN) on period deposits of Rp1.19 trillion.

Furthermore, there was tax collected by other parties on goods/services procurement transactions through the Government Procurement Information System (SIPP) worth Rp2.09 trillion. This consists of PPh of Rp141.23 billion and VAT of Rp1.95 trillion.

Finally, digital tax revenue from crypto amounted to Rp798.84 billion in June 2024.

This figure consists of PPh 22 revenue of Rp422.71 billion and domestic VAT (PPN DN) revenue on crypto purchases at exchangers.

In addition, DJP Ministry of Finance Director of Dissemination, Services, and Public Relations, Dwi Astuti, revealed that the government will explore the potential for tax revenue from other digital economy businesses.

"In order to create fairness and equality in business (a level playing field) for both conventional and digital businesses, the government will continue to appoint PMSE businesses that sell products or provide digital services from abroad to consumers in Indonesia," said Dwi in her statement, as reported by Antara, Monday (22/7/2024).