JAKARTA (Yosefardi) – Indonesia’s tax ratio now reaches 11%, lower than other neighboring countries such as Philippine (12%), Malaysia (16%), and Singapore (22%), Tax Office reported on Friday (June 5).
This reflects low awareness of Indonesian citizens over the important role of tax in supporting the economic development.
Minister of finance said Thursday that income tax collections from non oil and gas grew 10.59% to Rp215.73 trillion for the first five months of 2015. This means total tax collections until May 31, 2015 reached Rp377.03 trillion or about 29.13% of the whole year 2015 target of Rp1294 trillion.