Tax Direction 2024: Optimizing Acceptance And Maintaining People's Purchasing Power

Illustration (Photo: Doc. Ministry of Finance)

Minister of Finance (Menkeu) Sri Mulyani revealed that the government is committed to optimizing the source of tax revenues next year. According to the Minister of Finance, this strategy is carried out while still paying attention to the overall national economic machine capabilities.

"The government views the importance of encouraging the optimization of state revenues while maintaining the sustainability of the business world and people's purchasing power," he said at the Senayan Parliament Complex in Jakarta in a series of discussions on the 2024 State Budget, Tuesday, May 30.

The Minister of Finance explained that the policy direction for optimizing taxation for the 2024 Fiscal Year was carried out by maintaining the effectiveness of implementing tax reforms through the implementation of the tax core system (core-tax system).

"This is a motor that changes various aspects of taxation and is accompanied by strengthening the administrative side, including strengthening business processes, regulations, human resources, and using information technology," he said.

The Minister of Finance added that the government continues to maintain that the tax system is fairer, healthier and more sustainable and in favor of the community and MSMEs.

"The government has consistently continued efforts to expand the tax base as a follow-up to the Voluntary Disclosure Program (PPS) and the implementation of the Population Identification Number (NIK) as NPWP," he said.

In addition, continued the Minister of Finance, the government is also still preparing its own fiscal space for tax expenditures next year.

"There is a tax incentive to accelerate economic transformation while increasing the attractiveness of investment," he said.

VOI noted that until the end of April 2023 tax revenues were recorded at IDR 688.1 trillion. This amount is equivalent to 40 percent of the APBN target of IDR 1,718 trillion.

Meanwhile, the tax book until last month grew 21.3 percent year on year (yoy) compared to April 2022 which amounted to IDR 567.3 trillion.