REPUBLIKA.CO.ID, JAKARTA -- Indonesia's tax receipts amounted to 812.1 trillion IDR till November 14, accounting for 75.73 percent of the target of 1,072.3 trillion IDR in the revised 2014 state budget, the Directorate General of Taxation said.
The tax receipts were higher than those in the same period last year, which stood at Rp761.7 trillion, or 76.54 percent of the target, the directorate general noted in a press statement released on Thursday.
The tax receipts worth 812.1 trillion IDR included income tax on oil and gas, which reached Rp389.1 trillion, or 80 percent of the target of 485.9 trillion IDR, as well as value added and sale luxury taxes, which amounted to 328.4 trillion cut or 69 percent of the target of 475.5 trillion. IDR.
State revenue from oil and gas income tax stood at 74.5 trillion IDR, or 88.81 percent of the target of 83.8 trillion IDR, and that from land and building tax reached 14.9 trillion IDR, or 68.5 percent of the target of 21.7 trillion IDR. Receipts from other taxes reached 5 trillion IDR, or 97.5 percent of the target of 5.1 trillion IDR.
The average tax receipts in 2014 were higher than those in 2013, when income tax receipts from the oil and gas industry were recorded at 359.1 trillion IDR, or 77.3 percent of the target.