Tax Receipts Expected To Fall Short Of Target

Jakarta, Dec 21 (ANTARA) - Tax receipts in 2012 are predicted to reach 95 percent of the target of Rp885 trillion set in the revised 2012 state budget, according to Director General of Taxation Fuad Rahmany. "Until December 18, 2012 tax receipts reached Rp794.5 trillion or 89.9 percent of the target of Rp885 trillion set in the revised 2012 state budget. The other Rp90 trillion is expected to be collected in the remaining 12 days," he said at a meeting with editors-in-chief here on Thursday. The forecast of realized tax receipts is lower than realized tax receipts last year which reached 97 percent of the target, he said. "It is difficult to reach 100 percent of the target. The 95 percent is good amid the low growth of tax receipts due to the impact of a global economic slowdown on a number of business sectors in Indonesia," he said. Citing an example, he said income tax receipts from non-oil/non-gas commodities in the manufacturing sector grew minus 1.75 percent compared with 2011 when the figure reached 24.11 percent. Income tax receipts from the wholesale and retail sector grew 10.80 percent to Rp71.32 trillion in 2012 from Rp64.37 trillion last year. However, the growth fell from 19.55 percent last year. Meanwhile, income tax receipts from the mining and quarrying sector dropped 15.47 percent to Rp53.32 trillion from Rp63.08 trillion. Last year tax receipts from this sector grew 19.05 percent, he said. The shortfall in income tax receipts was slightly offset by state receipts from value added tax and luxury sale tax which grew 28.14 percent compared to 19.58 percent a year earlier, he said. Value added tax and luxury sale tax receipts in the year to December 15, 2012 reached Rp307.64 trillion, up from Rp240.09 trillion throughout last year, he said. "The increase was among others the result of our efforts to improve the administration of value added tax," he said.