Investor Presentaiton
TAX REVENUE STARTED TO INCREASE BY STRENGTHENED TAX REFORM
Law On Harmonization Of Tax Regulations Strengthens Tax Reform
Taxation Revenue and Tax Ratio 2021-2025
Macroeconomic Analysis
3,800
12.0
11.0
10.12
✓ Economic growth is relatively
unaffected
✓ Impact on Inflation is limited,
< 0.5%
✓ Provide positive
contribution to MSMEs with
3,300
9.53
9.22
9.29
10.0
8.58
2,800
Rp Trillion
8.44
8.46
8.51
9.0
8.56
2,323.1 8.0
2,300
2,013.2 1,969.8
1,811.1 1,798.2
7.0
1,800
1,649.3 1,649.0
1,510.0
6.0
1,413.7
1,300
5.0
a turnover threshold of Rp500
million
.
The 2021 tax revenue is estimated at Rp1,413.7 T (based on the realization until August 2021).
•
Ongoing tax reforms will increase tax revenues in 2021.
800
4.0
2021
2022
2023
2024
2025
Baseline
Reform+HPP
Tax ratio baseline
-Tax Ratio reform+HPP
•
•
Taxation in the 2022 State Budget is Rp1,510.0 T (tax ratio 8.44% of GDP) ⇒ exclude the impact of the HPP Law.
Without reform and the HPP Law, tax ratio 2021-2025 will stagnate in 8.4%- 8.6% of GDP.
With the reform and implementation of the HPP Law, the tax ratio is estimated to reach 9.22% of GDP (in 2022) and 10.12%
of GDP (in 2025).
•
Coretax will accelerate the achievement of the tax ratio to around 10% more in 2024.
% GDP
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