Gotrade News - Indonesian Finance Minister Purbaya Yudhi Sadewa has set an ambitious target of 30% consistent tax revenue growth throughout 2026. The target is accompanied by reform measures and performance improvements at the Directorate General of Taxes.
Key Takeaways:
- Q1 2026 tax revenue reached Rp394.8 trillion with 20.7% year-over-year growth
- Coal export duties primarily aim to combat under-invoicing and illegal exports, not just revenue generation
- January growth of 30.7% and February 30.4% show strong early-year momentum
Tax revenue through March 31, 2026 reached Rp394.8 trillion, growing 20.7% compared to the same period last year. Monthly growth showed a strong trend with January at 30.7% and February at 30.4%.
March growth slowed due to seasonal long holiday effects that typically impact tax collections. Purbaya expressed confidence that the 30% full-year target remains achievable.
Purbaya explained that sustained economic growth and tax personnel performance are key to hitting the target. If both factors hold, the 30% growth rate is realistic though not easy to maintain.
Beyond domestic revenue, the Finance Ministry is also preparing a coal export duty policy. Purbaya emphasized the primary motive is combating under-invoicing and illegal exports.
Purbaya noted that Customs officials previously could not inspect export vessels because coal was not a taxed commodity. The export duty gives port-based Customs officers inspection authority they previously lacked.
The export duty tariff formula is being calculated jointly with the Ministry of Energy and Mineral Resources. The Finance Ministry has already submitted tariff recommendations though the final rate has not been announced.
Sources: Bloomberg Technoz
