#2024 Tax Target

Tax Shortfall: 2024 Revenue Collection Reaches Only 97.2% of Target

Targeted at IDR 1,988.9 trillion, the provisional tax revenue realization as of December 31, 2024, recorded a shortfall, reaching only IDR 1,932.4 trillion.

Jan 6, 2025

Tax Revenue Hits 85% by November, Government Anticipates Significant Boost in December

As of November 30, tax revenue was recorded at IDR 1,688.93 trillion, approximately 85% of the 2024 target. However, the government remains optimistic that revenue will surge in December.

Dec 12, 2024

Contraction Narrows, Tax Growth as of October 2024 Approaching Positive

Tax revenue continued to show negative growth, or contraction, through October 2024, at -0.4%. However, this contraction is smaller compared to previous months.

Nov 8, 2024

Tax Refund Soars 52.8% YoY as of August

The amount of refunds of tax overpayments or restitution until the end of August 2024 surged by 52.8% to IDR 216.85 trillion compared to the same period in 2023 or year on year (YoY).

Oct 1, 2024

Tax Collection Falls Short, Only 60.16% Achieved by August

Sep 24, 2024

Shortfall Expected: Sri Mulyani Projects 96.6% Tax Revenue in 2024

Minister of Finance Sri Mulyani estimates that the realization of tax revenue until the end of 2024 will only be 96.6% of the target set in the 2024 State Budget (APBN).

Jul 12, 2024

By End of May 2024, Tax Revenue Reaches Just 38.23% of Target

 Indonesia's tax revenue realization until the end of May 2024 was recorded at IDR 760.38 trillion, or only 38.23% of the target set in the 2024 State Budget (APBN).

Jun 27, 2024

Tax Revenue Depleted: Tax Restitutions Increase 81.67% by April 2024

The value of tax restitution until the end of April 2024 was recorded at IDR 110.64 trillion, up 81.67% year on year (YoY). Restitution is a refund of tax overpayments made by taxpayers. 

Jun 10, 2024

Strengthening Compliance Monitoring: DGT's Strategy Post-2024 Revenue Target

To pursue the tax revenue target in 2024, the Directorate General of Taxes (DGT) will strengthen taxpayer compliance monitoring. This action is necessary because, as of the end of April 2024, tax revenue has only reached 31.38% of the target and has contracted by 9.2% compared to 2023.

May 29, 2024

Tax Realization as of April 2024: Contraction Widened to 9.2%

The realization of tax revenue in the January-April 2024 period is still experiencing a contraction, even widening. With the total tax collected of IDR 624.19 trillion, it contracted by 9.2% on an annual basis or compared to the realization of the same period in 2023.

May 28, 2024

Causing Tax Revenue to Plummet, Here is the Restitution Realization in the First Quarter of 2024

The restitution or refund of tax overpayments during the first quarter of 2024 reached IDR 83.51 trillion. This is considered to be the cause of the plummeting realization of tax revenue

May 6, 2024

Potential Impact on Tax Revenue: Government's Caution Regarding BI Rate Hike

Bank Indonesia's decision to raise its benchmark interest rate to 6.25% is considered to have an impact on tax revenue.

May 5, 2024

Up to Q3, Tax Revenue Contracted 8.9%

The realization of tax revenue until the end of March 2024 or throughout the third quarter of 2024 still recorded a contraction of 8.9% compared to the revenue achieved in the same period in 2023.

Apr 29, 2024

Declining Revenue: Sri Mulyani Cites Restitution as Root Cause

Minister of Finance Sri Mulyani Indrawati stated the performance of tax revenue from January to mid-March 2024 showed a decline compared to the same period in 2023. 

Mar 25, 2024

Economic Slowdown, Tax Revenue Affected

Tax revenue realization until February 2024 contracted by 3.9% year on year compared to the same period in 2023. This is due to the fact that economic activity in early 2024 is still moving slowly.

Mar 22, 2024

Tax Revenue as of February Contracts 3.9%

The realization of tax revenue until the end of February 2024 contracted by 3.9% or only recorded at IDR 269.02 trillion

Mar 20, 2024

Effective Rate of ITA 21 Applies, Employee Tax Revenue Increases 27% in January 2024

Employee tax revenue or Income Tax Article (ITA) 21 increased by 27% in January 2024, compared to the same period in 2023. This increase occurred at the same time as the implementation of the ITA 21 calculation method using the Average Effective Rate (TER) method.

Feb 23, 2024

January 2024 Tax Revenue Realization Contracts 8%

Minister of Finance Sri Mulyani Indrawati revealed that the realization of tax revenue until the end of January 2024 was recorded at IDR 149.25 trillion or experienced an 8% contraction compared to the realization in January 2023.

Feb 23, 2024

The 2024 Tax Base is Stagnant, Shadow Economy and Compliance are the Reasons

The government assesses that the tax base in 2024 will still be stagnant. This is due to the high shadow economy activity and low tax compliance.

Dec 6, 2023