PTPN IV PalmCo Tax Contribution Soars, Reaches IDR 7.7 Trillion In The Last Three Years

JAKARTA PTPN III (Persero) Plantation Holding through PTPN IV PalmCo subholding shows a significant contribution to state revenue through the plantation sector.

In the last three years, the company recorded fiscal revenues of more than IDR 7.7 trillion. This figure also confirms that PalmCo's position is one of the largest contributors to taxes and levies in the industry.

The latest data shows that throughout 2024, PalmCo deposited taxes and levies of IDR 4.1 trillion, the highest realization since the company started operating.

This figure has increased sharply compared to the previous year, which was recorded at IDR 1.83 trillion in 2023 and IDR 1.81 trillion in 2022.

President Director of PTPN IV PalmCo, Jatmiko Santosa, explained that the surge in tax contributions was the result of the transformation of the company after restructuring and strengthening governance which was oriented towards increasing productivity and efficiency.

"Tax contributions are not only mandatory, but part of our active role in national development. Through the resulting public funds, the company contributes to financing various state development programs," said Jatmiko in his statement, Tuesday, September 9.

Details of PalmCo tax payments include Value Added Tax (VAT) and output with a total of around Rp3.2 trillion in the last three years, corporate Income Tax (PPh) of Rp2.95 trillion, and export levies of more than Rp152 billion. In addition, the company has also consistently deposited Article 21 income Tax from employee salaries which increased to Rp406 billion in 2024.

Jatmiko added that the increase in the payment of Land and Building Taxes (PBB) was also an indicator of PalmCo's fiscal contribution at the regional level. In 2024, PBB payments reached Rp402 billion, a significant jump compared to Rp90 billion in 2023.

"This has a positive impact on Regional Original Income (PAD) which is used to finance public services such as education and infrastructure," he said.

Jatmiko said PalmCo is also targeting an increase in financial performance through optimizing productivity and cost efficiency, targeting a Return on Assets (ROA) ratio of 7.5 percent in the next two to three years

"We continue to strengthen accountability and financial transparency by digitizing the tax process and coordinating closely with the fiscal authorities," said Jatmiko.

Jatmiko added that the record of increasing tax contribution is an important reflection for plantation SOE corporations.

"Not only prioritizing business growth, but also a commitment to supporting national development in a sustainable manner," he concluded.