Finance Minister Pursues 10 Companies Engaged in Underinvoicing to Boost State Revenue

Jakarta — Finance Minister Purbaya Yudhi Sadewa is pursuing 10 companies identified as engaging in underinvoicing, the practice of paying less than the true value of goods or services in order to boost state revenue collection.

Purbaya explained to journalists at the Coordinating Ministry for Economic Affairs in Jakarta on Monday that underinvoicing represents one of the significant sources of state revenue leakage. Consequently, eradicating this illegal practice can help boost fiscal income through increased tax collection.

“We have already detected which companies are engaged in underinvoicing and the scale involved. I believe this will continue to improve our revenue going forward,” Purbaya said.

However, Purbaya acknowledged that the government has not yet determined the exact value of state losses resulting from underinvoicing by the 10 companies.

“We are still calculating that,” Purbaya confirmed.

In general terms, Purbaya stated that revenue collection performance has improved compared to the previous year. For January and February, tax revenue growth reached 30 per cent.

Specifically in February 2026, net tax revenue reached Rp245.1 trillion, growing 30.4 per cent year-on-year.

Tax revenue growth was primarily driven by strong performance in value-added tax (VAT) and luxury goods sales tax (PPnBM), which increased by 97.4 per cent to Rp85.9 trillion, reflecting increased economic activity and transactions.

Additionally, corporate income tax (PPh Badan) grew 40 per cent. Individual income tax and payroll tax (PPh Pasal 21) increased by 3.4 per cent.

Final income tax, PPh Pasal 22, and PPh Pasal 26 recorded growth of 4.4 per cent, whilst other tax sources rose 24.2 per cent.

Purbaya expressed hope that tax revenue performance will be sustained or improve further in the coming period.

“The economy is truly moving. I hope it continues to improve,” he said.