Until early August, Finance Minister Bambang Brodjonegoro was still optimistic that tax revenue shortfall expected this year was Rp 120 trillion. He believes that policy reinventing will manage to reap revenues about Rp 200 trillion. The policy of freeing the administrative sanction on tax shortfall during the last 5 years in the personal tax payers. Later, the target of policy reinventing was corrected to Rp 130 trillion.
Bambang said it is the character of taxpayers usually to pay towards the end of the year and pay in installments. According to him, the same pattern of tax revenue with the state spending will increase in the second half.
Moreover, Bambang was optimistic that electronic invoicing policy will significantly reduce leakage. Unfortunately, he claimed no memory of the leakage rate that has been happening. “It is substantial, because making manual invoice is very easy.” Tax revenues this year can no longer rely on economic growth.
