Government Himpun Taxes From Digital Sector Reaches IDR 26.75 Trillion As Of July 31, 2024

The Directorate General of Taxes (DGT) of the Ministry of Finance reported that receipts from the digital economy business sector as of July 31, 2024 reached IDR 26.75 trillion.

"As of July 31, 2024, the Government recorded revenue from the digital economy business sector of IDR 26.75 trillion," said Director of Counseling, Services and Public Relations Dwi Astuti in Jakarta, quoted from Antara, Thursday, August 8.

Digital business tax is obtained from the collection of Value Added Tax (VAT) for Trade Through Electronic Systems (PMSE), crypto taxes, fintech taxes (P2P lending), and taxes collected by other parties for goods and/or services procurement transactions through the Government Procurement Information System (Pak SIPP).

From the PMSE VAT, the Government absorbed funds of IDR 21.47 trillion from 163 PMSE business actors. This amount comes from IDR 731.4 billion in deposits in 2020, IDR 3.90 trillion in deposits in 2021, IDR 5.51 trillion in deposits in 2022, IDR 6.76 trillion in deposits in 2023, and IDR 4.57 trillion in deposits in 2024.

The total PMSE VAT collection that has been appointed has reached 174 business actors, including two new appointments and four data corrections in July 2024.

The new collectors are PT Final Impian Niaga and Niantic International Ltd. Meanwhile, data corrections were carried out on Elsevier BV, risk Solutions FL Inc., EZVIZ International Limited, and DeepL SE.

"In order to create justice and equal business (level playing field) for business actors, both conventional and digital, the government continues to appoint PMSE business actors who sell products and provide digital services from abroad to consumers in Indonesia," said Dwi.

From crypto taxes, the Government received a deposit of IDR 838.56 billion, with details of IDR 246.45 billion in revenues in 2022, IDR 220.83 billion in revenues in 2023, and IDR 371.28 billion in 2024.

Crypto tax revenues consist of Rp394.19 billion in PPh 22 revenues for crypto sales transactions on exchangers and Rp44.37 billion in domestic VAT (DN) revenues for crypto purchase transactions on exchangers.

Then, tax donations from P2P lending were recorded at IDR 2.27 trillion, consisting of IDR 446.39 billion in revenues in 2022, IDR 1.11 trillion in revenues in 2023, and IDR 712.53 billion in revenues in 2024.

The fintech tax consists of PPh 23 on loan interest received by domestic taxpayers (WPDN) and a fixed form of business (BUT) of Rp747.93 billion, PPh 26 for loan interest received by foreign taxpayers (WPLN) of Rp281.28 billion, and VAT DN for a period deposit of Rp1.24 trillion.

Meanwhile, the deposit from the SIPP Tax was recorded at IDR 2.18 trillion. The receipt from the SIPP tax comes from IDR 402.38 billion in revenue in 2022, IDR 1.12 trillion in revenue in 2023, and IDR 656.37 billion in revenue in 2024. SIPP Tax revenue consists of IDR 149.7 billion in PPh and IDR 2.03 trillion in VAT.