Tax Info
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Mining Tax Receipts prices slide
Mining Tax Receipts prices slide. Tax revenue from the mining sector until early May 2010 had fallen sharply. A decrease in taxes in the form of Income Tax (Income Tax) and Value Added Tax (VAT). According to Finance Minister (Finance Minister) Sri Mulyani Indrawati, there are sectors that tax revenues do not experience reinforcement, namely the mining sector. "This has been submitted to the Vice President and asked Mr. Minister (Economic) to view them. It's the VP had been conveyed to the cause of the low monitored tax and VAT on the mining sector," he said after meeting Finance Minister Macroeconomic developments in the Vice Presidential Palace in Jakarta, Friday (14 / 5).
He states, revenue from income tax from the beginning of the year from May 7 only reached Rp8, 8 trillion. In fact in the last year, corporate income from the mining sector in the same period reached Rp12, 4 trillion. VAT receipts from mining until May 7 only Rp1, 8 trillion. Whereas last year in the same period, the government get the VAT Rp6, 1 trillion.
Finance Minister to explain, in terms of state revenue until the first weekend in May 2010 reached Rp292, 9 billion (29.5 per cent of the target budget-P 2010). But, said the minister, when viewed in more detail than the tax revenue which in the first week may reach Rp201, 6 trillion (30.5 percent) still have to watch out. Although the number is almost the same in the last year of 30.9 percent.
Finance minister to explain the form of government concern. At the end of April, revenues reached Rp67, 9 trillion because income tax at the time finished. Meanwhile, in March receiving Rp39, 8 trillion was from an individual taxpayer income tax (WP OP). "But the numbers in March and April should be viewed with caution because if viewed from a monthly revenue target is not enough to achieve monthly targets," he said. So, this tax revenue target should be encouraged in May, June, and July so that by the end of this year's tax revenue target could be met.He states, revenue from income tax from the beginning of the year from May 7 only reached Rp8, 8 trillion. In fact in the last year, corporate income from the mining sector in the same period reached Rp12, 4 trillion. VAT receipts from mining until May 7 only Rp1, 8 trillion. Whereas last year in the same period, the government get the VAT Rp6, 1 trillion.
Finance Minister to explain, in terms of state revenue until the first weekend in May 2010 reached Rp292, 9 billion (29.5 per cent of the target budget-P 2010). But, said the minister, when viewed in more detail than the tax revenue which in the first week may reach Rp201, 6 trillion (30.5 percent) still have to watch out. Although the number is almost the same in the last year of 30.9 percent.
On the other hand, customs revenues actually exceeded the target by achieving 36.2 per cent of the target. Customs receipts in the month of March reached Rp6 trillion or in accordance with the monthly target. For the month of April amounted to Rp6, April 9 trillion exceeds the target of Rp5, 1 trillion. "It shows our customs have a strong reception. We see there is a fairly strong component. VAT imports increased mean it significantly increases the volume of imports," he said.
This, information minister said, should beware because when the economy grows higher, the trend of increasing imports. This gave a receipt to the customs, but on the other side must be balanced by a strong export as well.
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