REPUBLIKA.CO.ID, JAKARTA -- Directorate General of Taxation was still optimistic that tax revenue this year could reach Rp 1.100 trillion, or 85 percent of the target of Rp 1,294.2 trillion. One of the 'weapons' of Taxation Office to pursue the target was conducting program revaluation of assets which became part of the fifth stage of policy package.

Director of Counseling, Services and Public Relations of Directorate General of Taxation Mekar Satria Utama said, asset revaluation program was very attractive to taxpayers. Until Friday (11/12), there were 84 taxpayers who filed the revaluation of assets.

"Of the 84 taxpayers, the total deposit has reached Rp 1.9 trillion," said Mekar, to Republika.co.id, Wednesday (16/12).

Mekar stated, deposit of tax asset revaluation might potentially increase. Therefore, the company would think to ask a revaluation in this year due to lower tax rates.

The government cut the tax rate of revaluation of assets through the fifth stage of policy package. Taxpayers who filed the revaluation of assets were only subjected of 3 percent of the value of the assets.

The tax rate rose gradually to four percent in the first half of 2016 and six percent in the second half of 2016. Previously, asset revaluation rates was 10 percent.

"Revaluation of these assets is one big program that will encourage the revenue at the end of this year," said Mekar.

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