To Boost Tax Ratio, Government Encourages Bank Account Ownership

JAKARTA – To improve Indonesia’s tax ratio, the government is encouraging increased bank account ownership among the public. This is because higher levels of bank account ownership serve as an indicator of the growing number of people entering the formal sector.

According to Kontan.co.id, data from the Coordinating Ministry for Economic Affairs shows that 76.3% of the adult population currently owns a formal financial account. However, only 88.7% of them actively use their formal financial accounts.

READ: Boosting Tax Ratio, Indonesia Turns to IMF for Support

Indonesia's Tax Ratio Trend

For reference, Indonesia’s tax ratio has shown a stagnant trend in recent years, consistently hovering around 10%.

In 2024, the tax ratio stood at 10.08%, a decline from previous years. In 2022, the ratio reached 10.39%, and in 2023, it was recorded at 10.31%.

Meanwhile, under the 2025–2029 National Medium-Term Development Plan (RPJMN), the government has set a tax ratio target ranging from 11.52% to 15%.
This growth in the tax ratio is considered essential to support the government’s development goals. (ASP/KEN)