The 2025 Revenue Strategy: Targeting High-Income Individuals

Monday, 10 June 2024

The 2025 Revenue Strategy: Targeting High-Income Individuals

JAKARTA. One of the targets of tax compliance monitoring in 2025 is Individual Taxpayers with high incomes, known as High Wealth Individuals (HWI).

Apart from optimizing tax revenue from the HWI group, the government will also expand other tax bases. For example, by strengthening the tax administration system by implementing the Core Tax System Administration System (CTAS).

This policy is contained in the Macroeconomic Framework and Fiscal Policy Principles (KEM-PPKF) Year 2025. This document contains Indonesia's policy plans and development targets for 2025 which will later be compiled into the 2025 State Budget (APBN).

Regarding the plan to monitor the HWI group, Executive Director of MUC Tax Research Institute Wahyu Nuryanto, as quoted by Kontan Daily edition, Monday (10/6), views that the potential for tax revenue from the super-rich group is still large.

This can be seen from the low compliance of Annual Tax Return reporting or formal compliance of non-employee individual taxpayers, which includes HWIs.

In 2022, the formal compliance of non-employee taxpayers was recorded at 69.11%, much lower than the compliance of employee taxpayers at 93.71%.

In fact, the number of rich Indonesians continues to increase every year. This is as noted by the report ‘The Wealth Report’ published by Knight Frank in 2024 which states that the Indonesian population with wealth above US$ 30 million in 2024 is 1,479 people.

That number increased by 4.2% from 2022 and is predicted to increase by 34.1% in 2028. (ASP/KEN)


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