Tax Receipts Surge 30 Per Cent in Early 2026, VAT Becomes Main Driver

JAKARTA — Indonesia’s tax receipts have recorded a significant surge in early 2026.

The Ministry of Finance reported net tax receipts reached Rp245.1 trillion through the end of February 2026, growing 30.4 per cent year-on-year.

This achievement is equivalent to 10.4 per cent of the 2026 budget target for tax receipts.

“What is particularly notable is that Value Added Tax (VAT) and Sales Tax on Luxury Goods (PPnBM) have grown by 97.4 per cent. VAT and PPnBM are only levied when transactions occur,” said Suahasil during an APBN Kita press conference in Jakarta on Wednesday, 11 March 2026.

In nominal terms, receipts from VAT and PPnBM reached Rp85.9 trillion, a surge of 97.4 per cent compared to the same period in the previous year.

In addition, Corporate Income Tax (PPh Badan) also recorded substantial growth of 44 per cent.

Final Income Tax, Income Tax Article 22, and Income Tax Article 26 grew by 4.4 per cent, whilst other tax sources rose 24.2 per cent.

On a gross basis, total tax receipts reached Rp336.9 trillion, growing 12.7 per cent compared to the same period last year.

From a sectoral perspective, Suahasil identified four main sectors as the largest contributors to tax receipts.

The trade sector contributed Rp83.2 trillion, approximately 24.7 per cent of total tax receipts.

The mining sector provided receipts of Rp33.8 trillion, approximately 10 per cent.

Meanwhile, the financial and insurance sector contributed Rp32.4 trillion, approximately 9.6 per cent.

On the other hand, receipts from customs and excise duties totalled Rp44.9 trillion, approximately 13.4 per cent of this year’s target.

However, this realisation still declined 14.7 per cent compared to the same period last year.