Tax Revenue Realization by October Reaches 62.4% of 2025 Outlook

JAKARTA. Minister of Finance Purbaya Yudhi Sadewa revealed that as of the end of September 2025, tax revenue realization reached IDR 1,295.3 trillion.

This figure represents 62.4% of the 2025 tax revenue outlook set at IDR 2,076.9 trillion. Meanwhile, compared to the same period in 2024, tax revenue contracted by 4.4%.

In detail, the revenue consisted of Corporate Income Tax amounting to IDR 215.1 trillion, down 9.4% and Individual Income Tax reaching IDR 16.82 trillion, growing 39.8%.

Impact of Falling Commodity Prices

The realization of Value Added Tax (VAT) and Sales Tax on Luxury Goods (STLG) stood at IDR 474.44 trillion, a 13.2% decrease compared to the same period last year.

Meanwhile, Land and Building Tax (L&B Tax) reached IDR 19.5 trillion, growing 17.6% year on year (yoy).

According to Purbaya, this condition was driven by declining prices of key commodities such as coal and palm oil.

“The decline in commodity prices, particularly coal and palm oil, has dampened Corporate Income Tax and Domestic VAT revenues,” said Purbaya on Tuesday (14/10) in Jakarta.

High Tax Refunds

In addition to falling commodity prices, weaker tax revenue performance this year was also influenced by an increase in tax refunds.

Deputy Minister of Finance Suahasil Nazara added that without the impact of refunds, this year’s tax revenue would actually be higher than last year.

For comparison, gross tax revenue (before refunds) as of September 2025 reached IDR 1,619.2 trillion, compared to IDR 1,588.2 trillion in the same period of 2024.

This means that, in gross terms, tax revenue up to September 2025 grew by 1.95% year on year. (ASP/KEN)