Thursday, March 28, 2024 | 15:46 WIB

Tax revenue hits Rp868.3T

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Tax payment. (Source: Kemenkeu)

The strong performance of tax revenue in the January to June period was influenced by rising commodity prices, expansionary economic growth and steadily improving demand (domestic and foreign), a low base in 2021 due to government stimulus, and the implementation of Harmonized Tax Law (HPP).

In June, the growth was mainly supported by the very high participation in the Voluntary Tax Disclosure (PPS) program in the last month of its implementation.

Read: Sri Mulyani: Indonesia needs Rp3,500T to boost electricity generation, reduce carbon emission

“We expect that growth in the second semester will still be quite consistent in tandem with the economic growth projection. But we must remain vigilant of external factors,” he concluded. (rr)

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