DJP Optimistic Realization Of Tax Receivable Targets Of IDR 1,485 Trillion, As Of October Achieved 97.5 Percent

BATAM - Director of Counseling, Services, and Public Relations of the Directorate General of Taxes (DJP) Neilmaldrin Noor is optimistic that state tax revenues in 2022 will achieve the target of IDR 1,485 trillion as stated in Presidential Regulation (Perpres) Number 98 of 2022.

DGT reported tax revenues reached Rp1,448.2 trillion as of October 2022, or 97.5 percent of the target.

"With the remaining time we are optimistic that tax revenues for 2022 will achieve the target. The target is based on Presidential Regulation 98 of IDR 1,485 trillion, the tax revenue performance is very good until October," Neil said at a media meeting, quoted by Antara, Wednesday, November 30.

He explained that the performance of tax revenue throughout 2022 was supported by the trend of increasing commodity prices, expansionary national economic growth, and low-based effect in 2021.

In addition, it is supported by the implementation of the Law on Harmonization of Tax Regulations (UU HPP) which presents new innovations in regulations in the tax sector.

"No less important is influenced by the innovation of the HPP Law," said Neil.

However, his party reminded to remain vigilant amid optimism for achieving the tax revenue target towards the end of 2022.

"We see that growth until the end of the year is still optimistic, even so, we must remain vigilant. On that basis, we try to do (estimated) prognosis," said Neil.

He explained that the realization of tax revenues until October 2022 was supported by non-oil and gas income of IDR 784.4 trillion or 104.7 percent of the target, VAT & PPnBM of IDR 569.7 trillion or 89.2 percent of the target, oil and gas tax of IDR 67.9 trillion or 105.1 percent of the target), and PBB and other taxes of IDR 26.0 trillion or 80.6 percent of the target.

"Some sectors with the largest contribution were the processing industry 29.4 percent and grew 43.7 percent, trade 24.8 percent and grew 64.4 percent, financial services and insurance 10.6 percent and grew 15.2 percent, mining 8.5 percent and grew 188.9 percent, and the construction and real estate sector 4.0 percent and grew 3.0 percent," said Neil.