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Pandjaitan: Many Palm Oil Companies Do Not Have Tax Number: Tax Absorption Not Much

Doc. of Screenshot/Coordinator Minister in Maritime and Investment, Luhut B. Pandjaitan.
Pandjaitan: Many Palm Oil Companies Do Not Have Tax Number: Tax Absorption Not Much

InfoSAWIT, JAKARTA – The 2024 government’s revenue might not reach the targets. It particularly happened for the decreasing income taxes from many companies in commodities – bases. This would significantly decrease the price. It also made the Budget deficit more than the targets. The government did anticipate it by implementing digitalization in many sectors.

Coordinator Minister in Maritime and Investment, Luhut B. Pandjaitan said the integrated system, for instance, Sistem Informasi Mineral dan Batubara (Simbara) helped minimize the gap numbers about mineral data, including coal and nickel.

“For the gap numbers got less, of course, this would minimize the losses of the country,” Pandjaitan said, as InfoSAWIT quoted from his official Instagram, Wednesday (10/7/2024).

He also mentioned the same system should be implemented in palm oil sectors knowing that there would be much potential revenue but not maximal still. Many palm oil (plantation) companies do not have tax numbers and the government would be difficult to get income tax from them. “If the system would be implemented, the tax revenue would get escalated,” he said.

The former army thought, the deficit in the 2024 Budget would have its own challenge for the government to maintain financial stability and balance. The sluggish revenue might happen for the inefficiency in many sectors. But they started being recovered by digitalization system in the business and government.

“If every sector in the government implements digitalization, there would be efficiency, there would be less space to corrupt. But the most important thing is that the revenue would be getting increased,” Pandjaitan said.

The government hoped by the digitalization, the deficit in the Budget would be well managed and maintain the stable finance. (T2)