Tax Revenues Rp. 799.46 Trillion Until August 2018

INDUSTRY.co.id - Jakarta - The Ministry of Finance recorded the realization of tax revenues for the period of January to August 2018 amounting to Rp799.46 trillion, or grew by 16.52 percent (year-on-year / yoy) Director General of Taxes Ministry of Finance Robert Pakpahan at a press conference in Jakarta, Friday (21 / 8/2018) said the amount of tax revenue up to August 2018 consisted of oil and gas income tax (PPh) of Rp42 trillion and non-oil and gas tax Rp. 757.4 trillion.

"Oil and gas PPh grew 19.2 percent compared to the same period last year, non-oil and gas tax grew 16.4 percent compared to the same period last year," he said.

Robert explained that annual growth in the non-oil and gas tax component is almost evenly distributed. The amount of non-oil and gas PPh as of August 2018 was recorded at Rp.437.4 trillion or grew by 15.7 percent (yoy) and value added tax of Rp307.6 trillion or grew by 15.1 percent (yoy).

Then, revenues from land and building tax (PBB) amounted to Rp7.5 trillion or grew 506.4 percent (yoy) and other taxes Rp.4.9 trillion or grew 12.5 percent (yoy).

In terms of sectoral revenue, the three business sectors that recorded the realization of tax revenues up to August 31, 2018 were the processing, trading and financial services industries.

The manufacturing sector recorded revenue realization of Rp.224.43 trillion or grew 13.6 percent compared to last year (yoy), the trade sector Rp151.06 trillion grew 29.44 percent (yoy), and financial services Rp99.64 trillion or grew 5.84 percent (yoy).

"By sector, almost all good sectors except the manufacturing industry slowed slightly but still double digits at 13.6 percent," Robert said.

The growth of tax revenues cannot be separated from the growth of the main types of taxes that show quite good performance. Article 25/29 income tax grew above 20 percent, with Article 25/29 of Corporate Income tax growing by 23.34 percent while 25/29 Private Income Tax grew by 21.13 percent.

Article 21 Income Tax also grew 16.36 percent. The most significant growth was recorded by taxes on imports which generally grew 26.45 percent or higher than the same period in 2017 which grew 18.46 percent. (Ant)