Semester I-2023 Tax Revenue Is 56.6 Percent Worth IDR 970 Trillion

JAKARTA Minister of Finance (Menkeu) Sri Mulyani revealed that until the first semester of 2023 the total tax revenues had reached Rp970.2 trillion. According to her, this amount is equivalent to 56.5 percent of this year's APBN ceiling which charges Rp1,718 trillion.

"In two consecutive years, tax revenues are very high," he said on Monday, July 10.

Meanwhile, this achievement is supported by an increase in commodity prices and also the national economic recovery which continues to strengthen. However, the Minister of Finance reminded that tax growth had entered a moderate phase in line with price normalization.

This can be seen from the first semester of 2023 tax growth of 9.9 percent year on year (yoy), lower than the first semester of 2022 with 58.2 percent.

"This illustrates the normalization trend," he said.

The Minister of Finance detailed that tax revenues in the first half of 2023 consisted of PPh 21 amounting to Rp107.7 trillion, import VAT Rp123.7 trillion, domestic VAT Rp123.7 trillion, final income tax of Rp57.1 trillion.

Then, PPh article 26 amounted to Rp45.7 trillion, corporate income tax of Rp263.7 trillion, personal income tax of Rp9.3 trillion, and import income tax of Rp36.5 trillion.

"Tax revenues are growing while customs and excise revenues are experiencing contraction," he stressed.

Meanwhile, the total state revenue until June 2023 was IDR 1,407.9 trillion.