Tax Shortfall May Reach Rp388.5 Trillion | KF Map – Digital Map for Property and Infrastructure in Indonesia
Tax Shortfall May Reach Rp388.5 Trillion
Monday, 6 April 2020
Tax revenue is estimated to reach Rp1,254.1 trillion or 76.4% from the targeted Rp1,642.6 trillion, 5.9% contraction from 2019 realization. The tax revenue shortfall in 2020 is projected to reach Rp388.5 trillion due to the impact of Covid-19 to economy performance and the implementation of tax incentives. State revenue is projected to reach 78.9% from the targeted Rp1,760.9 trillion in the 2020 State Budget.
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