Indonesia Tax Revenue Increased 9% until Feb13

Indonesia Tax revenue increased 9% until February 2013

The realization of government tax revenue until end-Feb13 increased 9% yoy to Rp117tn and equivalent with 11.3% of its planned revenue of Rp1,042tn this year.

The biggest share came from income tax, reaching Rp59tn (+5.4% yoy) followed by value added and luxury goods tax amounting Rp51tn (+17% yoy). On the other hand, oil and gas income tax trimmed to Rp5.8tn from Rp7.1tn in the same corresponding period (Investor daily).