Our tax receipts are still strong enough. (The tax receipts) grew 54.2 percent in the period from January to September 2022, or reached Rp1,310.5 trillion.  
Jakarta (ANTARA) - Indonesia's tax receipts in the year ended September 30, 2022, reached Rp1,310.5 trillion, accounting for 88.3 percent of the target set in the state budget, according to Finance Minister Sri Mulyani Indrawati.

"Our tax receipts are still strong enough. (The tax receipts) grew 54.2 percent in the period from January to September 2022, or reached Rp1,310.5 trillion," she informed at an online press conference on APBN KITa (Our State Budget) on Friday.

Income tax (PPh) receipts in the non-oil and gas sector reached Rp723.3 trillion, or 96.6 percent of the target set in Presidential Regulation No. 98 of 2022.

"This means that income tax in the non-oil/gas sector will surely reach or exceed the target for 2022," the minister said.

Meanwhile, value added tax (PPN) and luxury sales tax (PPnBM) receipts reached Rp504.5 trillion, or 78.9 percent of the target; property tax (PBB) and other tax receipts crossed Rp20.4 trillion; and income tax receipts in the oil and gas sector touched Rp62.3 trillion, or 96.4 percent of the target.

"If (we) look at the percentage, it seems that tax receipts will surpass the target set in Presidential Regulation No. 98 of 2022," Indrawati said.

She attributed the tax receipt growth to the commodity price hike, high levels of economic activity, implementation of the harmonized taxation law, and tax receipts in 2021.

In September 2022 alone, tax receipts grew 28 percent year-on-year (yoy) compared to 63 percent yoy in May, 80 percent yoy in June, 62 percent yoy in July, and 53 percent yoy in August.

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Translator: Sanya Dinda S, Suharto
Editor: Rahmad Nasution
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