Gacor! 48 Percent Growing Tax Revenue In January 2023

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - The Ministry of Finance informed that tax revenues in January 2023 grew by 48.6 percent year on year.

Minister of Finance (Menkeu) Sri Mulyani said the realization of tax revenue last month was IDR 162.2 trillion.

"This number is much higher than the January 2022 position which amounted to 109.2 trillion," he said when giving an explanation to the media crew, Wednesday, February 22.

According to the Minister of Finance, growth at the beginning of this year was very good. The reason is, tax revenue in the same period last year actually rose very high, which was 59.5 percent.

"The tax revenue of Rp. 162.2 trillion is equivalent to 9.4 percent of the tax revenue target in the 2023 State Budget, which is a total of Rp. 1,718 trillion. This 9.4 percent figure is high," he said.

In detail, the Minister of Finance revealed that tax revenue was supported by non-oil and gas income of IDR 78.2 trillion (growing 28 percent), VAT and PPnBM of IDR 74.6 trillion (growing 93.8 percent).

Then, the United Nations and other taxes amounted to 1.2 trillion (growing 118.7 percent), and the oil and gas tax of IDR 8 trillion (contracted minus 10 percent).

"Excellent tax performance is influenced by two things, namely increased economic activity in December in line with the Nataru holiday, and the impact of the implementation of the Law on Harmonization of Tax Regulations (HPP)," he stressed.

Meanwhile, the slowing growth in tax revenues from the previous year due to growth in the 2022 period is still influenced by the low base of 2021 tax revenues.