JAKARTA. The targets of taxation revenues (tax and customs) for this year are unlikely to be achieved. As of the end of November 2016, the tax revenues have just amounted to Rp 1,098.5 trillion. This is much lower than the government target, which is Rp 1,320.2 trillion. In fact, the number has included Rp 219 trillion shortfalls. Minister of Finance Sri Mulyani Indrawati said that, the potential tax and customs revenues in December range from Rp 143 trillion to Rp 144 trillion. The number consists of routine revenues and redemption fees of tax amnesty, which amount to Rp 101 trillion -102 trillion and Rp 42 trillion, respectively. The customs revenues will depend on the revenues of tobacco excise. In this case, the cigarette producers will pay the excises in this year, as the increase in excise tariff for tobacco products will take effect starting from the next year.
Tax and excise revenues shortfalls remain high
JAKARTA. The targets of taxation revenues (tax and customs) for this year are unlikely to be achieved. As of the end of November 2016, the tax revenues have just amounted to Rp 1,098.5 trillion. This is much lower than the government target, which is Rp 1,320.2 trillion. In fact, the number has included Rp 219 trillion shortfalls. Minister of Finance Sri Mulyani Indrawati said that, the potential tax and customs revenues in December range from Rp 143 trillion to Rp 144 trillion. The number consists of routine revenues and redemption fees of tax amnesty, which amount to Rp 101 trillion -102 trillion and Rp 42 trillion, respectively. The customs revenues will depend on the revenues of tobacco excise. In this case, the cigarette producers will pay the excises in this year, as the increase in excise tariff for tobacco products will take effect starting from the next year.