Indonesian Political, Business & Finance News

Govt`s tax receipts up 47.63 percent

| Source: ANT
Jakarta (ANTARA News) - Taxation Director General Darmin Nasution said the government`s tax receipts in the first five months of 2008 increased 47.63 percent to Rp217.3 trillion from Rp147.2 trillion in the same period a year earlier.

"Tax receipts from the oil and gas sector accounted for 60 percent," he said here on Friday.

He said the figure was 13 percent higher than the target.

Nasution explained that non-oil/non-gas tax receipts in the January-May 2008 period stood at Rp189.4 trillion, which increased 45.19 percent compared with the Rp130.5 trillion collected in the same period last year.

Oil and gas taxes collected in the January-May 2008 period were valued at Rp27.8 trillion, an increase by 66.8 percent compared with the Rp16.7 trillion collected in the corresponding period in 2007.

The non-oil.non-gas tax receipts were collected from land and building taxes worth Rp5.6 trillion or an increase of 500 percent from Rp914 billion in 2007.

Receipts from income tax also rose 39.4 percent and from luxury good sales taxes by 46.08 percent.

"Non-oil.non-gas tax receipts in May alone rose 60.61 percent to Rp38.trillion compared with that in the same period in 2007 which stood at Rp23.7 trillion," Nasution said.

He said total tax receipts in the January - May 2008 period accounted for 40.66 percent of the target set by the government in 2008.(*)
Tags: business
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