Setoran PPh dan PPN Warga RI Melonjak Turun: Apa yang Terjadi di Balik Angka Mengkhawatirkan Ini?

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Jakarta, CNBC Indonesia - Indonesia's tax revenue has fallen short of expectations in the first eight months of 2024. According to the latest data from the Ministry of Finance, total tax collections reached Rp1.196.5 trillion, marking a 4% decline compared to the same period in 2023.

The primary reason behind this decrease can be attributed to a significant drop in corporate income tax (PPh Badan). This decline is primarily due to falling commodity prices, which have negatively impacted the profitability of many Indonesian businesses.

"The decline in corporate income tax is a direct result of lower commodity prices," said Deputy Finance Minister II, Thomas Djiwandono, during a press conference. "This has led to a decrease in annual and interim corporate tax payments, coupled with an increase in tax refunds."

Tax Type	Realization (Rp trillion)	Growth (%)
PPh Badan	212.7	-32.1
PPN Domestic	275.69	-4.9

While corporate income tax has been a major drag on overall tax revenue, other tax components, such as personal income tax (PPh Orang Pribadi) and value-added tax on imports (PPN Impor), have shown positive growth. This growth can be attributed to increased economic activity and rising import values.

The government is closely monitoring the situation and implementing measures to boost tax revenue. These measures include streamlining tax procedures, expanding the tax base, and enhancing tax compliance. Experts believe that a sustained economic recovery and higher commodity prices will be crucial in reviving corporate tax collections.

The decline in tax revenue has raised concerns about the government's ability to fund its budget and implement development programs. However, officials have assured the public that the government is taking necessary steps to mitigate the impact of the shortfall.

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