{
    "success": true,
    "data": {
        "id": 1709414,
        "msgid": "core-projects-tax-revenue-shortfall-for-2026-up-to-rp484-trillion-1777499557",
        "date": "2026-04-30 01:12:19",
        "title": "CORE Projects Tax Revenue Shortfall for 2026 Up to Rp484 Trillion",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "The Center of Reform on Economics (CORE) Indonesia forecasts that tax revenue for 2026 could miss the target by between Rp171 trillion and Rp484 trillion, highlighting significant uncertainties in the state's revenue capacity. Despite positive growth in the first quarter of 2026, reaching 16.7% of the annual target, this performance is deemed temporary and driven by seasonal factors like Ramadan rather than structural improvements. To mitigate the shortfall, CORE recommends accelerating the implementation of the Coretax system and expanding windfall taxes on the energy and mining sectors to capitalise on potential gains from global commodity price surges.",
        "content": "<p>The large range reflects the high uncertainty regarding the state\u2019s\nrevenue capacity. Jakarta (ANTARA) - The Center of Reform on Economics\n(CORE) Indonesia projects that tax revenue in 2026 could miss the target\nby between Rp171 trillion and Rp484 trillion. \u201cThis large range reflects\nthe high uncertainty regarding the state\u2019s revenue capacity,\u201d stated\nDirector of Macroeconomic Research at CORE, Akhmad Akbar Susamto, during\na public discussion on the Quarterly Economic Review Q1-2026 in Jakarta\non Wednesday (29\/4). CORE notes that tax revenue performance in the\nfirst quarter of 2026 did grow positively, but it is temporary in\nnature. Data from the Ministry of Finance shows that tax revenue\nrealisation in the first trimester of 2026 reached Rp394.8 trillion, or\n16.7 percent of the Rp2,364 trillion target, lower than the achievement\nfor the same period in 2023 at 20.7 percent and 2024 at 18.0 percent. On\na monthly basis, net tax grew strongly in January by 30.7 percent and\nFebruary by 30.1 percent, but slowed sharply to 7.6 percent in March as\nRamadan activities subsided. Additionally, the revenue structure is\nconsidered not yet strong. Nearly 40 percent of revenue is supported by\nconsumption taxes, namely Value Added Tax (PPN) and Luxury Goods Sales\nTax (PPnBM), which grew by 57.7 percent. According to CORE, this\ncondition indicates that revenue growth is more driven by seasonal\nfactors, such as Ramadan and Eid, rather than structural strengthening.\n\u201cThe increase that occurred is more temporary in nature and does not yet\nreflect expansion of the tax base, improved compliance, or strengthening\nof economic activity,\u201d said Akbar. CORE estimates that total tax revenue\nthroughout 2026 will only be in the range of Rp1,880 trillion to Rp2,193\ntrillion, below the government target. To anticipate the potential\nshortfall, CORE urges the government to accelerate the implementation of\nthe Coretax system and consider expanding windfall tax policies in the\nenergy and mining sectors. Windfall tax is an additional tax imposed on\nunexpected company profits, for example, due to surges in global\ncommodity prices. According to CORE, surges in commodity prices due to\ngeopolitical escalations could provide additional profits for\nbusinesses, which can be utilised as an alternative revenue source.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/core-projects-tax-revenue-shortfall-for-2026-up-to-rp484-trillion-1777499557",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}