Govt on track to meet tax target<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
Director General of Taxation Hadi Purnomo said on Friday his
\noffice had collected some Rp 78.51 trillion (US$9.46 billion) in
\ntax revenue as of the end of May, or approximately 69 percent of
\nthe full-year target of Rp 113.8 trillion.<\/p>\n
\"When compared to the same period last year, this is a 115
\npercent jump,\" he said prior to a meeting with House of
\nRepresentatives Commission IX for financial affairs.<\/p>\n
The meeting was held to review the 2003 state budget.<\/p>\n
Hadi said the collected tax revenue comprised Rp 40.6 trillion
\nin non-oil and gas income tax, Rp 28.5 trillion in value added
\ntax, Rp 3 trillion in land and building tax, Rp 5.8 trillion in
\noil and gas income tax and Rp 600 billion in other taxes.<\/p>\n
The government is under pressure to collect more taxes to help
\nfinance the state budget, which is burdened by the huge cost of
\nthe late-1990s government bank bailout program.<\/p>\n
Some experts, however, have said that the government would
\nfirst have to improve the country's tax administration system to
\nachieve the tax revenue target.<\/p>\n
The government has opened a special office to generate more
\nrevenue from large tax payers, who have often not lived up to
\ntheir tax obligations.<\/p>\n
So far, tax arrears have reached some Rp 17 trillion.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/govt-on-track-to-meet-tax-target-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }