Investor Presentaiton
Solid Budget Performance Supported by Sustained Revenue Collection
Remained robust economic activities and gained from the tax reforms have sustained revenue collection amid
moderating commodity prices
Positive Growth in Main Sector Tax Revenue
(12th Dec 2023 YTD)
Jan-Dec12 '23
Jan-Dec 12 '22
Positive Growth in Main Sector Tax Revenue
(12th Dec 2023 YTD)
Jan-Dec12 '23
Jan-Dec12 '22
3.1%
Manufacturing (27,1%)
Domestic VAT (23,8%)
36.4%
7.5%
Trade (24,3%)
50.3%
Corporate Income Tax
(22,3%)
Financial Service & Insurance
(11,9%)
22.2%
15.3%
18.0%
24.9%
16.6%
92.0%
-5.1%
Import VAT (13,8%)
43.7%
23.8%
Mining (9,6%)
Income Tax art. 21 (11,3%)
139.2%
Transportation & Warehouse
(4,5%)
Construction & Real Estate (4,3%)
Source: Ministry of Finance, YTD 12th December 2023
30.1%
27.0%
17.2%
20.0%
-25.6%
Final Income Tax (6,9%)
54.9%
17.1%
Income Tax art. 26 (4,6%)
-4.3%
16.4%
11.3%
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