2022 State Budget and Fiscal Incentives Presentation
Tax Revenue Hit 103.9% of Target in 2021, or Grew by 19.2%
1,332.7
1,072.1
1,277.5
19.2
•
1.5
(19.6)
2019
2020
2021
Tax (IDR trillion)
Growth (%)
Income Tax
Realization of tax revenue in 2020 amounted by IDR 1,277.5, on the back of:
Improvement from the majority of the sectors along with strengthening economic
recovery
•
Increasing people's mobility and consumption, thus VAT receipt rose strong and
exceeded the pre pandemic level
VAT
IDR696.5 T (101.9%)
IDR551.0 T (106.3%)
Property and Other Taxes
IDR30.1 T (110.2%)
772.3
696.5
28.8
594.0
531.6
551.0
27.7
30.1
450.3
3.0
17.3
10.5
8.3
(23.1)
22.3
(3.7)
(1.1)
(15.3)
2019
2020
2021
2019
2020
2021
2019
2020
2021
Income Tax
Growth (%)
I non oil and gas
Growth PPh (%)
Driven by the increase in oil and
gas prices as well as improving
economic activity
VAT (IDR trillion)
Due to raising in both Domestic VAT
(people's activities returned to normal
level) and Import VAT (import
activities increased significantly)
Property Tax and Others (IDR trillion) --Growth (%)
Supported by tariff adjustment on
Stamp Duty
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