Indonesia's Digital Tax Revenue Reaches Rp22 Trillion in February 2024

The Directorate General of Taxes (DJP) of the Ministry of Finance reported that Indonesia's tax revenue from the digital economy sector reached Rp22.18 trillion as of February 29, 2024.

This realization mostly came from the collection of Value Added Tax (VAT) on Electronic System Transactions (PMSE), amounting to Rp18.15 trillion.

DJP Director of Outreach, Services, and Public Relations, Dwi Astuti, stated that in February 2024, the government had appointed 167 PMSE businesses as VAT collectors.

"This number includes four appointments of PMSE VAT collectors and one correction or data change of a PMSE VAT collector," said Dwi in her official statement, as reported by *Katadata*, Friday (March 15, 2024).

The four PMSE VAT collectors in question are Tencent Cloud International Pte. Ltd., Blacklane GmbH, Razer Online Pte Ltd, and Social Online Payments Limited.

The correction of the PMSE VAT collector in February 2024 was Coda Payments Pte. Ltd.

In addition, there were digital tax payments from P2P lending financial technology (fintech) companies totaling Rp1.82 trillion.

This fintech tax originated from PPh 23 on loan interest received by domestic taxpayers (WPDN) and permanent establishments (BUT) amounting to Rp596.1 billion, then PPh 26 from loan interest received by foreign taxpayers (WPLN) of Rp219.72 billion, and domestic VAT on period deposits of Rp999.5 billion.

Next, there is tax collected by other parties for goods/services procurement transactions through the Government Procurement Information System (SIPP) worth Rp1.67 trillion.

"SIPP tax revenue consists of PPh of Rp113.85 billion and VAT of Rp1.56 trillion," said Dwi.

Finally, there was digital tax revenue from crypto amounting to Rp539.72 billion in February 2024.

This amount consists of PPh 22 revenue of Rp254.53 billion and domestic VAT revenue on crypto seller transactions at exchangers of Rp285.19 billion.