Trade

Lite

August 2023 Tax Revenue Reaches Rp1.246 Trillion; Oil and Gas, and Property Tax Revenue Remain Sluggish

Erlina Fury Santika 22/09/2023 19:13 WIB

Bagikan URL has been copied

Memuat...

The Indonesian Ministry of Finance reported that Indonesia's tax revenue reached Rp1.246 trillion from January to August 2023. Of the four revenue components, two underperformed, namely Land and Buil

Indonesia's Tax Revenue Components and Totals (January-August 2023)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

August 2023 Tax Revenue Reaches Rp1.246 Trillion; Oil and Gas, and Property Tax Revenue Remain Sluggish

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.

Indonesia's Tax Revenue Components and Totals (January-August 2023)

Download

Source

A Small
A Medium
A Bigger

Sri Mulyani, the Indonesian Minister of Finance, reported that Indonesia's tax revenue reached Rp1,246.97 trillion (approximately US$82 billion based on current exchange rates) in August 2023. This figure represents 72.58% of the targeted revenue.

This tax revenue comprises four major sectors: non-oil and gas (non-migas) income tax (PPh); value-added tax (PPN) and luxury goods sales tax (PPnBM); oil and gas (migas) income tax (PPh); and land and building tax (PBB) and other taxes.

Non-migas PPh revenue reached Rp708.23 trillion in August 2023, fulfilling 81.07% of the target and showing a 7.06% year-on-year (yoy) growth.

PPN and PPnBM revenue amounted to Rp447.58 trillion, meeting 64.28% of the target and exhibiting an 8.14% yoy growth. This was the highest growth among all tax revenue components.

Migas revenue reached Rp49.51 trillion in August 2023, fulfilling 80.59% of the target. However, this component experienced a significant decline in growth, at -10.58% yoy.

PBB and other taxes amounted to Rp11.64 trillion, reaching only 29.10% of the target. This sector showed the largest decline in growth, at -12.01% yoy.

Minister Mulyani explained that the contraction in migas PPh was due to a sharp decline in oil prices. The decreased growth in PBB and other taxes was attributed to a shift in migas PBB payments.

"Although there has been a recent increase in oil prices in the last few months," said Mulyani in an online press conference, *APBN Kita*, on Wednesday, September 20, 2023.

Overall, the growth of tax revenue from January to August 2023 was only 6.4%. This is significantly lower compared to the 58.1% growth recorded during the same period in 2022.

"This is, of course, because last year was driven by the increase in various commodities and economic recovery from a very low base in 2021," Mulyani stated.

Despite this, Mulyani noted that Indonesia must be wary of the slowing trend in revenue growth. In August 2023, growth stood at 6.4%, while in January 2023, it reached 48.6% (compared to January 2022).

Editor : Erlina Fury Santika

"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."

Related Data

Venezuela's Natural Gas Reserves 2020-2024

Venezuela's Oil Reserves are Large, but its Exports are Small

US Wants to Utilize: Venezuela's Crude Oil Reserves 2020-2024

US, Top Buyer of Venezuelan Oil in 2024

10 Million Taxpayers Have Activated Coretax Accounts by the End of 2025

The number of Indonesian State-Owned Enterprises continues to decrease through 2024.

Latest Data Stories

Weather Forecast for Puncak Jaya, April 9-21, 2025 Demographics 05/01/2026, 16:36 WIB

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 05/01/2026, 16:16 WIB

Mount Ili Lewotolok Erupts on Monday Afternoon, Status is Alert Demographics 05/01/2026, 15:48 WIB

Average Per Capita Monthly Expenditure in South Papua 2024 Consumer Services & Health 05/01/2026, 15:41 WIB

Number of High School Principals and Teachers with Bachelor's Degrees or Higher in State Senior High Schools (SMK Negeri) from 2017-2024 Education 05/01/2026, 15:32 WIB

Statistics of Processed Wood Production, Wood Chip Type, by Province Agroindustry 05/01/2026, 15:31 WIB

Download

Source

August 2023 Tax Revenue Reaches Rp1.246 Trillion; Oil and Gas, and Property Tax Revenue Remain Sluggish

August 2023 Tax Revenue Reaches Rp1.246 Trillion; Oil and Gas, and Property Tax Revenue Remain Sluggish

Tags

Related Data

Venezuela's Natural Gas Reserves 2020-2024

Venezuela's Oil Reserves are Large, but its Exports are Small

US Wants to Utilize: Venezuela's Crude Oil Reserves 2020-2024

US, Top Buyer of Venezuelan Oil in 2024

10 Million Taxpayers Have Activated Coretax Accounts by the End of 2025

The number of Indonesian State-Owned Enterprises continues to decrease through 2024.

Latest Data Stories

Popular Data

August 2023 Tax Revenue Reaches Rp1.246 Trillion; Oil and Gas, and Property Tax Revenue Remain Sluggish

August 2023 Tax Revenue Reaches Rp1.246 Trillion; Oil and Gas, and Property Tax Revenue Remain Sluggish

Tags

Related Data

Venezuela's Natural Gas Reserves 2020-2024

Venezuela's Oil Reserves are Large, but its Exports are Small

US Wants to Utilize: Venezuela's Crude Oil Reserves 2020-2024

US, Top Buyer of Venezuelan Oil in 2024

10 Million Taxpayers Have Activated Coretax Accounts by the End of 2025

The number of Indonesian State-Owned Enterprises continues to decrease through 2024.

Latest Data Stories

Trending Topics

Popular Data